14 Apr 2014 07:00
SCISYS PLC
(SSY: AIM)
Contract Win
SCISYS PLC ('SCISYS' or the 'Company'), the supplier of bespoke software systems, IT based solutions and support services to the Media & Broadcast, Space, Government and Defence sectors, is pleased to announce it has secured a contract with GMV Aerospace and Defence to deliver the Mission Operations Facility for EUMETSAT's upcoming geostationary weather satellite, Meteosat Third Generation ("MTG"). SCISYS is responsible for the integrated Mission Planning and Automation system together with associated Operations Preparation and Archiving functions.
The expected value of this contract to SCISYS is €1.8m over the next 6 years, commencing in the current accounting period. This contract win demonstrates the Company's momentum in completing upon a strong pipeline of business opportunities, as identified in the Preliminary Results announcement of 26th March 2014.
Two operationally proven applications developed by SCISYS will be combined to provide a highly integrated operations workflow from mission planning to spacecraft control. As well as ground-based automation, the system will provide cohesive management of operations delegated to the spacecraft's on-board schedule. The compact monitoring and control data archive will support fast retrieval and provide users with modern web-based displays.
SCISYS has worked for EUMETSAT on all the previous generations of European geostationary weather satellites and this contract continues our successful working relationship that now spans over 20 years.
Dr. Horst Wulf, Divisional Director Space of SCISYS said:
"We have been working hard to get into the METEOSAT III meteorological ground segment business with EUMETSAT. This contract ensures SCISYS have a foothold in MTG ground segment and in core EUMETSAT business for many years. It continues the close cooperation between our companies over a number of years, based on a mutual, sound, technical approach."
Dr Mike Love, Chairman of SCISYS said:
"We are delighted to make a significant contribution to the MTG programme that will play an important role in weather forecasting over the coming decades. SCISYS continues to be at the forefront of the developments in earth observation satellite systems and shows the strength of SCISYS' capabilities and experience in this key area of satellite missions."
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