Tracsis Regulatory News (TRCS)

Tracsis plc

("Tracsis" or the "Group")

North American Pilot

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce that following a successful initial period, the North American pilot has now been extended to cover a further six sites in the United States.

The initial pilot, which commenced in November 2013, was for potential adoption of the Group's Remote Condition Monitoring technology and associated software by a major North American Class 1 Railroad. This covered five individual sites within the United States where Tracsis hardware and software would be installed and tested over a number of months. As with the original pilot, due to commercial sensitivities the contract value of the additional work will remain undisclosed.

John McArthur, Chief Executive Officer, commented: 

"The extension of this pilot to a further six sites is a very positive endorsement of the Tracsis offering and a logical next step as our client gains confidence in the technology and the benefits it provides. We hope that this will pave the way for further successes within the US as our footprint into this territory grows."

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Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers.

§ The Company offers the following services:

- Software and technology led consulting: Industry strength resource optimisation software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon.

- Remote Condition Monitoring: Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

- Data Capture: Collation and analytical services within traffic and pedestrian rich environments.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators such as Arriva, First, Stagecoach, Go-Ahead, National Express and Virgin. The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, and a variety of large engineering/infrastructure companies.

§ Tracsis has offices in the UK and Australia which service projects in Europe and Australasia.

§ The business drives growth both organically and through acquisition and has made six acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com