Last checked at 8 Oct 2019 07:00
8 October 2019
21st Century Technology plc
("21st Century" or the "Group")
Notification of Contract Award Recommendation
21st Century Technology plc (AIM: C21), the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off vehicle, announces that the Company has been made aware that, following a competitive tender process, the City of Edinburgh Council (the "Council") will be recommending, at a meeting of the Council's Finance and Resources Committee on 10 October 2019, the award of a contract to 21st Century for the provision of a real time passenger information system for the Edinburgh bus network (the "Contract"). The details of the Contract award recommendation have been made publicly available on the Council's website. There can be no certainty at this time that the Contract will be entered into and at this time it is still subject to Council approval and final Contract agreement.
If awarded, the Contract is expected to be for a value of c.£2.9 million over an initial 5-year period with the option for two four-year extension periods. The Group will make further announcements in relation to the Contract in due course.
Enquiries:
21st Century Technology plc | Russ Singleton/Nick Lowe | Tel: 0844 871 7990 |
finnCap | ||
Nominated Adviser | Scott Mathieson/Edward Whiley | Tel: 0207 220 0500 |
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Media enquiries | ||
Communications Portfolio | Ariane Comstive ariane.comstive@communications-portfolio.co.uk | Tel: 07785 922 354
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Notes to editors:
'Connected Systems for Connected Journeys'
21st Century Technology is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle. Comprised of a Fleet Systems division and a Passenger Systems division, 21st Century Technology provides integrated solutions both on and off the vehicle to deliver 'connected systems for connected journeys'.
Fleet Systems: include CCTV video surveillance; to improve passenger & driver safety, vehicle & driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting.
Passenger Systems: include the design & manufacture of all the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.
With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative, cost-effective technology-led solutions to improve the passenger experience and provide operational benefits to fleet and network operators.
Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.