7 Oct 2014 07:00
SCISYS PLC
(SSY: AIM)
Contract Extension
SCISYS PLC ('SCISYS' or the 'Company'; AIM: SSY) - the supplier of bespoke software systems, IT based solutions and support services to the Media Broadcast, Space and Government and Defence sectors - is pleased to announce that it has received a contract extension from the Royal National Lifeboat Institution (RNLI).
SCISYS was originally contracted to supply the System and Information Management (SIMS) system for the first 11 vessels in their latest class of lifeboat, the Shannon. This extension, worth in excess of £1M, adds a further 12 boats to the original contract, to be supplied over two years, starting in Q4 2014.
SIMS allows RNLI volunteer crew members to monitor and operate the lifeboat's navigation, communication, machinery and systems from the safety of their seats. The RNLI plans to add in excess of 50 Shannons to the charity's lifeboat fleet - so far five Shannon all-weather lifeboats have been built, with two already in active service at RNLI stations in Dungeness and Exmouth.
Dave Gawthorpe, Divisional Director Space of SCISYS said: "Securing the contract for the next 12 Shannon lifeboats is important as it further establishes the SCISYS position in the marine electronics integration market. Our innovative approach to supplying marine electronics integration systems is attracting a lot of interest in both the civilian and defence marine sectors.
Klaus Heidrich, CEO of SCISYS added: "The RNLI SIMS contract is a good example of SCISYS working in partnership with a customer to bring value at the core of their business. The Shannon class lifeboat is hailed as a step change in lifeboating and SCISYS is proud to be part of such a high profile and successful programme.
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 / Henrik Persson | Corporate Finance | |
Alexandra Clement | Corporate Broking | |
Winningtons Financial PR Tom Cooper/Paul Vann |
| +44 (0)20 3176 4722 +44 (0)797 122 1972 tom.cooper@winningtons.co.uk |
About SCISYS:
Employing nearly 430 staff, SCISYS is a leading developer of Information and Communications Technology services, e-Business and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence sectors. SCISYS clients are predominantly blue chip and public sector organizations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI and the National Trust. The Company has UK offices in Chippenham, Bristol and Reading and two offices located in Germany. More information is available at www.scisys.co.uk