10 Apr 2018 12:57
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014
SCISYS PLC
(AIM: SSY)
Contract win: SCISYS secures €3.9m contract with Airbus Defence and Space
SCISYS PLC ("SCISYS"), the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, is pleased to announce that SCISYS Deutschland GmbH has been awarded a contract by Airbus Defence and Space (Airbus) for developing the global navigation EGNOS V3 ground segment. Airbus is the prime contractor to the European Space Agency (ESA) and the European GNSS Agency (GSA).
EGNOS is Europe's regional satellite-based augmentation system that is used to improve the performance of global navigation satellite systems, such as GPS and Galileo. The main focus of EGNOS V3 is to further develop the services provided by EGNOS and to ensure continuity of these navigation services.
SCISYS' Space division in Germany will supply command & control technology, as well as maintenance & support facilities for EGNOS V3, using SCISYS' leading egmc² technology for the monitoring, control and configuration of the complex EGNOS infrastructure.
The anticipated contract value is €3.9m; the development stage will commence this month and is anticipated to continue until the third quarter of 2020, with a subsequent maintenance phase for up to 5 years.
This strategic win underlines SCISYS Space's position as experts in the area of satellite navigation and is an important step in the further development and advancement of the EGNOS ground segment.
Klaus Heidrich, CEO of SCISYS, said:
"I am pleased to announce this important win by SCISYS Space. It is testament to the division's ability to stay at the forefront of space technology. This contract underscores and extends our position as a key solutions provider at the heart of European satellite-navigation programmes. Congratulations go to all the teams involved."
For further information please contact:
SCISYS PLC | +44 (0)1249 466 466 | |
Mike Love | Chairman | |
Klaus Heidrich | Chief Executive Officer | |
Chris Cheetham | Finance Director |
|
finnCap (NOMAD & Broker) | +44 (0)20 7220 0500 | |
Julian Blunt | Corporate Finance | |
Abigail Wayne | Corporate Broking |
|
WalbrookPR Tom Cooper/Paul Vann | +44 (0) 20 7933 8780 +44 (0)797 122 1972 tom.cooper@walbrookpr.com |
About SCISYS:
Employing around 580 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom and advanced technology solutions.
The Company operates in a broad spectrum of market sectors, including media & broadcast, space, government & defence and commerce. SCISYS clients are predominantly blue-chip and public-sector organisations.
Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, Pets at Home, Siemens and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich.
The views expressed herein cannot be taken to reflect the official opinion of the European Union, the GSA or the European Space Agency.
This announcement has been released by Natasha Laird, Company Secretary, on behalf of the Company.