Journeo Regulatory News (JNEO)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

29 July 2024

Journeo plc

("Journeo, "Company" or "the Group")

£2.1m bus safety systems and software purchase order

Journeo plc (AIM: JNEO) a leading provider of information systems and technical services to transport operators and authorities, is pleased to announce it has received a purchase order for £2.1m from Metroline Manchester for the provision of its on-board bus safety systems and cloud-based SaaS services.

Journeo will install the latest high-definition digital CCTV systems on approximately 300 new vehicles that are due to enter service in January 2025. Each vehicle will be fitted with a Journeo Edge gateway, providing a secure connection to cloud-based services within the Journeo Portal. This enables authorised incident investigators to access video evidence on-demand, whilst also providing health monitoring tools to engineering teams to ensure vehicle systems remain fully operational. The purchase order also includes the first year of monthly SaaS licences and field maintenance, demonstrating Journeo's capability to provide design, installation, software and on-going support services.

Metroline Manchester, part of ComfortDelGro have been awarded contracts to operate four franchises in Greater Manchester by Greater Manchester Combined Authority (GMCA).

It is anticipated that the majority of the work will be completed by Journeo by December 2024 which is included in management's expectations of performance for the current financial year and add to the Company's strong order book, providing further future revenue visibility. Provision of the software licenses and support will continue throughout 2025.

Metroline also operate 1500 buses from 12 garages across London where Journeo CCTV and Camera Monitoring System "CMS" is specified for all new buses entering the fleet.

Russ Singleton, Chief Executive of Journeo plc, commented:

"I am delighted that Metroline Manchester have selected our technology, software and services for their four franchised routes in the GMCA region to enhance driver and passenger safety, with secure remote access to their on-board systems for incident management.

This purchase order further extends our partnership with ComfortDelGro Group, providing safety critical vehicle systems across their UK transport companies".

A digital copy of this announcement will be available on the Group's website: www.journeo.com.

For further information, please contact:

Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.

The business currently has five operating companies:

· Journeo Fleet Systems Ltd: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

· Journeo Passenger Systems Ltd: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

· Infotec Ltd: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

· MultiQ A/S (based in Aarhus, Denmark): full-service provider of Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and Iceland.

· Journeo AB (based in Stockholm, Sweden): technical services provider to public transport customers in Sweden.

In the last 4 years, the Company has invested over £6 million in research and development, enabling it to design and supply powerful innovative solutions for customers' complex requirements and the demands of modern public transport. With an Internet of Things ("IoT") approach and open standards, together with field-proven and reliable engineering, Journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.