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21 Jun 2013 09:42
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
TrainFX Update
21 June 2013
RAM announces an update on TrainFX Ltd ('TrainFX"). RAM owns a 30% interest in TrainFX, which specializes in the production of Passenger Information Systems ("PIS"), a statutory requirement for trains rolling stock which is planned to operate after 2020 or is refurbished at any time. Following a lull in the market following the West Coast mainline franchise challenges, the publication of a new timetable for the bids for UK rail franchises means that rolling stock upgrades and new commissions are now being authorised.
As a leading supplier of PIS TrainFX is well placed to benefit from this activity. It has informed RAM that it is has received purchase orders and has been nominated as the preferred supplier and expects to complete contracts with two of its customers for an aggregate of £3,317,000 in the near future.
Ends
RAM Active Media plc
Richard Prosser 0207 518 4303
Libertas Capital Corporate
Finance Limited
Sandy Jamieson, Thilo Hoffman 0207 569 9650
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