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.
17 December2024
Journeo plc
("Journeo", or the
"Company")
4-year contract extension with City of
Edinburgh Council
Journeo plc (AIM: JNEO), a leading provider of
information systems and technical services to transport operators
and local authorities is pleased to announce that, further to its
announcements on 10 December 2019 and 27 January 2020 relating to a
5-year £4.8m contract with the City of Edinburgh Council, it has
been awarded a 4-year contract extension to continue to provide
software, advanced displays technology and support services to the
Council.
It is anticipated that this contract extension will
generate a minimum of £1.5m in additional revenues over the
period.
During the initial period of the contract, Journeo
delivered the contract in two phases. In Phase 1, an
Intelligent Management System was developed for Edinburgh Bus
Station which operates critical passenger information including the
display of real time arrival, departure and disruption information,
alongside safety critical vehicle movement systems, which ensures
vehicles accessing the bus station are captured on ANPR, and that
their manoeuvres are completed safely.
In Phase 2, Journeo upgraded Edinburgh's 400
on-street real time passenger information signs to the latest
optically bonded TFT (Thin Film Transistor) technology, providing a
larger, more accessible display for passengers to access departure
information. All of the technology in both phases is
underpinned by Journeo's market-leading passenger information
Content Management System.
Throughout the contract extension, in addition to
providing maintenance and licencing of the implemented technology,
Journeo and City of Edinburgh Council will work closely to drive
continuous improvement in the level of information for passengers
in Scotland's capital. This includes the provision of dynamic
diversion information, enabling city centre displays to highlight
when expected services have been diverted and ensure information on
additional-to-timetable trips is also available for passengers when
operators extend services to meet network capacity needs.
Further locations for expanding the real time system
have also been identified, to extend the provision of information
to new route corridors that will deliver benefits to residents of,
and visitors to, the City of Edinburgh.
Russ Singleton: "We are delighted to have been
awarded this 4-year contract extension, where we will continue to
provide an accessible real-time passenger information solution for
the many millions of people travelling by bus, in and around
Edinburgh. Our management software and passenger information
systems are helping to make travel by bus a more attractive choice
and support the UK governments' net zero target".
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
|
|
Cavendish Capital Markets
Limited - Nominated Adviser and
Broker
Katy Birkin/ Callum Davidson
|
+44 (0) 207 220 0500
|
|
|
Notes to editors:
Journeo plc is a leading Intelligent Transport
Systems provider, delivering solutions in towns, cities, airports,
and the public transport networks that connect them. The Company
works extensively with local and combined authorities, Network Rail
and many of the largest multinational transport operators,
supporting them as systems converge towards a more efficient and
sustainable future.
The business has five operating companies:
· Journeo
Fleet Systems: 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.
· Journeo
Passenger Systems: 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.
· Infotec:
design, advanced manufacture, installation and software management
of information displays hardware for rail applications in stations,
on-platform and on-vehicle.
· Journeo
AS (based in Aarhus, Denmark): full-service provider of Intelligent
Transport Systems ("ITS") with customers in Denmark, Sweden and
Iceland.
· Journeo
AB (based in Stockholm, Sweden): technical services provider to
public transport customers in Sweden.
In the last 4 years, the Company has invested over £6
million in research and development, enabling it to design and
supply powerful innovative 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.
