8 Apr 2014 07:00
SCISYS PLC
(SSY: AIM)
Contract Win
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, Government, Defence and Environment sectors - is pleased to announce that it has signed a one year extension to its contract with the European Space Agency (ESA) to provide a Flight Dynamics Operations Engineering Service to the European Space Operations Centre ("ESOC") in Darmstadt, Germany, with CGI Germany GmbH & Co. KG as a subcontractor.The contract is worth in excess of €5M, the value of which will be recognised in the 2014 financial year, and was contemplated in existing market guidance.
SCISYS engineers and flight dynamics experts are providing a service to the earth observation, science and astronomy missions operated by ESOC. The service encompasses attitude and orbit determination, command generation, mission analysis and planning, as well as software development, procedure generation and test and validation. These activities are core to spacecraft operations and are performed alongside European Space industry partners.
Dr. Horst Wulf, Divisional Director of Space for SCISYS, said:
"The extension to this contract cements the long-term partnership we have with ESA, where SCISYS has provided continuous support in this domain for more than two decades. Flight Dynamics and the related guidance, navigation and control area is a core capability within SCISYS, which feeds into our end-to-end ground segment offering."
Dr Mike Love, Chairman of SCISYS said:
"We are delighted that ESA has extended its contract with SCISYS, which demonstrates our highly capable and competent engineers are adding value to an important and loyal customer of ours. The teaming with CGI also continues the trusted cooperation between the companies that has been established over many years in our Darmstadt business."
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 | |
Simon Starr | 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 Environment Agency, the Ministry of Defence, Astrium, 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 three offices located in Germany. More information is available at www.scisys.co.uk