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.
7 January 2025
Journeo plc
("Journeo", or the
"Company")
£1.4m contract award from Stoke
City Council
Journeo plc (AIM: JNEO), a leading
provider of information systems and technical services to transport
operators and local authorities is pleased to announce
a £1.4m contract award for the supply and support of real time
passenger information technology and software from Stoke City
Council as part of its £10m Bus Service Improvement Plan, funded by
the Department for Transport.
The contract extends the provision of digital
access to scheduled and real time departure information across the
city's transport network and includes delivery, installation and
maintenance of Journeo's latest double-sided Thin Film Transistor
(TFT) displays to key transport corridors within the region, to
further support the promotion of public transport
services.
The TFT displays will include discreet, pinhole
CCTV to protect the assets and improve safety for lone passengers,
and those travelling at night.
Journeo will also be supplying innovative
infrastructure-free real time information QR codes, which enable
passengers with an internet connected device to scan a code to
receive the latest dynamic scheduled and real time passenger
information.
Russ Singleton commented, "We are delighted to
continue our relationship with Stoke City Council. Not only
will residents and visitors to key transport corridors benefit from
the enhanced experience of safe public transport coupled with real
time departure information, our innovative solutions are helping
our customers better understand where to target future investment
to get the most value."
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.