SSY.L Regulatory News (SSY)

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SCISYS Group PLC 

Contract win: SCISYS secures €11.2m contract with Thales Alenia Space France

SCISYS Group PLC ("SCISYS" AIM SSY; ESM: SCC), 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 with Thales Alenia Space France for the continuation and further enhancement of four Galileo Ground Mission Segment (GMS) elements.

The total contract value is for €11.2m and the contract will commence this month, continuing until June 2020. This contract is already included in existing market guidance and is under a programme funded by the European Union.

SCISYS's Space division in Germany will continue the evolution and maintenance of four key elements within the GMS under the Full Operational Capability phase, and additionally to take over a component of the MKMF (Mission Key Management Facility). This involves enhanced functions, improved security and cyber resilience capabilities in the next phase of the Galileo programme. Galileo is Europe's own global navigation satellite system, providing a highly accurate, guaranteed global positioning service under civilian control.

Thales Alenia Space is the prime contractor to the European Space Agency. This significant order underlines SCISYS Space's position as an expert software supplier to Galileo and as a long-standing partner of Thales Alenia Space.

GMS elements are at the heart of the Galileo satellite navigation system, comprising a global network of sensor stations to monitor the signals from the satellites, a chain of Earth stations to uplink navigation data to the satellites, parallel communications networks, and a complex sequence of processing elements.

Klaus Heidrich, CEO of SCISYS, said:

"We are delighted with this fantastic win by our Space division. This contract underpins our continued position of strength in the European space sector and satellite-navigation programmes in particular. Congratulations to all of the teams involved.

The recent decision taken by the Board to redomicile the SCISYS parent company to Dublin to protect EU funded work has proved decisive in securing this contract.

This success extends the record order book that we announced in our Interim Report. Added to our healthy cash flow and increasingly strong balance sheet, it reinforces our confidence that SCISYS will achieve further year-on-year growth in 2018. The future prospects of the Group continue to look highly encouraging"

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About SCISYS Group:

Employing around 650 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. The Company's registered office is in Dublin, with UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

This announcement has been released by Natasha Laird, Company Secretary, on behalf of the Company.

Views expressed herein can in no way be taken to reflect the official opinion of the European Space Agency (ESA). The ESA logo can be downloaded at http://webservices.esa.int/ESA_Logo/index.php.