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TrainFX Update

21 Jun 2013 09:42

RNS Number : 5817H
RAM Active Media PLC
21 June 2013
 

 

 

 

 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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