Journeo PLC Purchase Order (0964D)
01 March 2022 - 6:00PM
UK Regulatory
TIDMJNEO
RNS Number : 0964D
Journeo PLC
01 March 2022
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended and supplemented from time to time.
1 March 2022
Journeo plc
("Journeo", "Company" or "the Group")
City of Edinburgh - Passenger Information Systems Purchase
Order
Journeo plc (AIM: JNEO), a leading provider of information
systems and technical services to transport operators and local
authorities, is pleased to announce that it has received a GBP2.1
million purchase order from the City of Edinburgh to upgrade its
real-time outdoor passenger display systems estate.
The purchase order includes the supply and support of over 400
optically bonded new displays as part of the second phase of a 5
year GBP4.8 million services and support contract originally
announced by the Company in December 2019 and follows completion of
the initial GBP0.8 million purchase order for the supply of
integrated real-time passenger systems and software for Edinburgh
bus station, announced on 27 January 2020.
The new displays will be installed at bus stops and bus shelters
throughout the City of Edinburgh delivering multiple benefits,
including higher contrast and greater readability in all
light-levels with lower energy consumption, whilst providing the
travelling public with more feature-rich information such as
departure-specific disruption messaging.
The Company expects to deliver GBP1.2 million of the project
this financial year ending 31 December 2022, paving the way for the
City of Edinburgh Council to investigate potential new sites to
further expand their real-time estate.
Russ Singleton, Chief Executive Officer, commented:
"The pandemic began to take hold early in 2020 shortly after we
commenced the first phase of the systems, software and services
contract with the City of Edinburgh. Covid-19 safety legislation
and associated travel restrictions extended the original programme
delivery, however our engineers and developers worked closely with
the Edinburgh team throughout the pandemic and in November 2021, we
successfully completed the handover of the bus station.
We are delighted to progress on to the second and much larger
GBP2.1 million phase announced today where our management software
will deliver travel information and public messaging to over 400 of
our latest optically bonded outdoor displays, further enhancing the
capabilities and performance of Edinburgh's world-class passenger
information systems network".
A digital copy of this announcement will be available on the
Group's website: www.journeo.com.
For further information, please contact:
Journeo plc
Russ Singleton/ Nick Lowe +44 (0) 203 651 9166
Cenkos Securities plc - Nominated Adviser
and Broker
Katy Birkin/Callum Davidson +44 (0) 207 397 8900
Notes to editors:
Journeo plc is an information systems and technical services
business focussed on public transport and related infrastructure
within towns, cities, airports, and local authorities. The Company
works extensively with local government departments, combined
authorities, and many of the largest multinational transport
operators, supporting them as systems converge towards a more
efficient and sustainable smarter-cities future.
The business currently comprises two segments:
-- Fleet operator solutions: CCTV video surveillance to improve
passenger & driver safety, telematics for vehicle and driver
performance monitoring, real-time communications for remote
condition monitoring and automatic passenger counting.
-- Passenger infrastructure solutions: design, manufacture,
installation, and management of hardware and software for
electronic public transport information systems, in and around
towns, cities, ferry terminals and airports which includes
smart-ticketing and wayfinding.
In the last 4 years, the Company has invested over GBP5 million
in research and development, enabling it to design and supply
powerful new solutions for customers' complex requirements and the
demands of modern public transport. With an Internet of Things
("IoT") approach and open standards, together with field-proven and
reliable engineering, Journeo is able to offer flexible, scalable
products and services that can integrate with existing technology
while preparing for future advancements.
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END
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