Re Contract
25 February 2008 - 6:02PM
UK Regulatory
RNS Number:6182O
CybIT Holdings PLC
25 February 2008
CYBIT SCORES WITH CLUTCH OF NEW BUSINESS WINS
Cybit Holdings Plc ("Cybit"), the innovative Telematics service provider, today
announces a clutch of new business wins, contract renewals and contract
extensions with customers across all three of its key market sectors. In
aggregate the contracts are worth �1.2 million.
In the service sector, Cybit has won new long-term contracts for its Fleetstar-
Online solution with Colas, the utility and infrastructure services group and
A-one+, a Halcrow, Colas and Costain joint venture involved in highway
maintenance in the North West. The Colas contract is for 450 units and A-one+
is taking 122 units.
In the logistics and distribution sector, existing client Food Partners, the
leading supplier of fresh sandwiches for contract caterers, coffee shops and the
travel sector has extended its contract for Cybit's asset locator solution.
Beyond the contract extension it has ordered a further 75 units which has grown
the number of units it is using to 224.
In the government sector, local authority Argyll and Bute District Council has
agreed to extend its contract with Cybit's government and utilities division and
is taking a further 120 vehicle tracking units.
Cybit's solutions enable companies and local authorities to track their vehicles
and mobile workforces, which helps them to enhance utilisation, improve
efficiencies and ultimately cut costs.
Richard Horsman, Chief Executive of Cybit commented;
" We are delighted to have won this clutch of new business and contract
extensions across all of our market sectors. We are pleased that a number of new
and existing customers have recognised the value that our Telematics solutions
can offer and have extended the scale of their contracts.
" Across the business, we are making excellent progress. The level of new
enquiries and new business wins is very encouraging. Our telematics solutions
are increasingly recognised as important business tools for companies to improve
efficiencies and to reduce costs, increase productivity and aid legislative
compliance. We remain confident that we will continue to deliver further
positive news in the future."
-ends-
Date: 25 February 2008
For further information please contact:
Cybit Holdings Plc City Profile
Richard Horsman, Chief Executive Simon Courtenay
Kevin Lawrence, Finance Director Melissa Barnett
01480 389100 020-7448-3244
About Cybit:
Cybit is a global force in Telematics, operating within three core sectors:
Internet-based vehicle Telematics solutions; Economic Exclusion Zone (EEZ)
Management; and Private Mobile Radio (PMR) based asset tracking and precise
positioning solutions.
In the vehicle Telematics sector, Cybit is one of Europe's leading Telematics
Service Providers (TSPs). More than 1,500 business to business clients use our
fleet and asset management solutions to manage in the region of 40,000 assets.
Solutions include in-vehicle technologies, work flow management and
internet-based monitoring and reporting software. The company also provides
consulting services to advise on legal issues such as duty of care and working
hours.
BlueFinger Limited, part of Cybit Holdings plc, is a global leader in the
delivery of high value Economic Exclusion Zone (EEZ) management solutions to UK
and international governments. BlueFinger's maritime vessel monitoring systems
monitor more than 15,000 assets worldwide.
Additional information is available at www.cybitholdings.com, www.cybit.co.uk,
www.amatics.com, www.cybitpositioningsolutions.co.uk and www.bluefinger.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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