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Contract Win

30 Apr 2019 07:00

RNS Number : 4686X
SCISYS Group PLC
30 April 2019
 

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014

SCISYS Group PLC

("SCISYS", the "Group" or the "Company")

SCISYS secures further €9.7m orders for Galileo Ground Segment work

 

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 secured two further orders from Thales Alenia Space France for the development and implementation of security-relevant elements within the Galileo Ground Segment. These orders are in addition to two initial orders valued at €3m announced on 24 December 2018.

 

The total value of these additional orders is €9.7m for the delivery of both the Galileo Security Monitoring Centre (GSMC-U) and the Point of Contact Platforms (POCP-U) elements.

 

This contract is under a programme funded by the European Union and does not alter existing market guidance.

 

SCISYS' Space division in Germany will develop and deliver the GSMC-U element, responsible for the implementation of various security features and mechanisms within Galileo, including the distribution of configurations to the POCP-U in member states. SCISYS' Space division in Germany has also been assigned to develop and deliver the POCP-U element as the local counterpart in all member states to the Galileo Security Monitoring Centre (GSMC). The POCP-U will serve as an interface to the GSMC on a national level.

 

These significant follow-on orders cement SCISYS Space's position as an expert for innovative ground-segment solutions and as a long-standing partner of Thales Alenia Space, the prime contractor to the European Space Agency.

 

Klaus Heidrich, CEO of SCISYS, said:

 

"We are delighted with these significant follow-on orders, which further strengthen our order book and position in the EU-funded Galileo satellite navigation programme, notwithstanding Brexit uncertainties. We remain optimistic for the Group's prospects going forward."

 

Investor Lunch Programme:

SCISYS will be holding investor lunches in London on 7 June and Bristol on 18 June for Private Client Investment Managers and Private Investors. Those wishing to attend should contact Tom Cooper on tom.cooper@walbrookpr.com, 020 7933 8780 or 0797 122 1972 for further details.

 

 

For further information please contact:

 

SCISYS Group PLC

+44 (0)1249 466 466

Mike Love

Chairman

Klaus Heidrich

Chief Executive Officer

Chris Cheetham

 

Finance Director

finnCap

(NOMAD & AIM Broker)

+44 (0)20 7220 0500

Julian Blunt/James Thompson

 

Andrew Burdis

 

Corporate Finance

 

 

Corporate Broking

Walbrook PR

+44 (0)20 7933 8780

Tom Cooper/Paul Vann

+44 (0)797 122 1972

tom.cooper@walbrookpr.com

Davy (ESM Broker)

+353 1 679 6363

John Frain

john.frain@davy.ie

 

 

 

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.

 

Funded by the EU. ESA has received funds for this project as the funding body under a working arrangement with the GSA. Views expressed herein can in no way be taken to reflect the official opinion of the European Union, the European GNSS Agency and/or the European Space Agency (ESA). Neither the European Union, the European GNSS Agency nor the European Space Agency shall be held responsible for any use that may be made of the information it contains. The ESA logo can be downloaded at http://webservices.esa.int/ESA_Logo/index.php.

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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