Maestrano Group PLC ARTC contract extension and USA appointment (4506G)
25 November 2020 - 6:26PM
UK Regulatory
TIDMMNO
RNS Number : 4506G
Maestrano Group PLC
25 November 2020
25 November 2020
Maestrano Group PLC ("Maestrano" or the "Company")
Maestrano announces contract extension and USA appointment
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence
platform for transport corridor analytics, is pleased to announce
two significant achievements.
On 6 January 2020 the Company announced the signing of a major
contract with the ARTC rail network, for the scanning and analysis
of their 8,500 Kilometre network, which provided for up to 36,500km
of corridor scanning per year. On 6 July 2020, the Company
announced that its corridor technology platform had received formal
engineering acceptance. Today, with over 70,000kms scanned since
January, Maestrano is proud to announce the contract has been
extended in scope and value and that it is now contracted to
through to 30 June 2023.
Secondly, the Company is delighted to announce the appointment
of Mr Erik Henderson to the position of Global Head of Rail
Solutions , based in Jacksonville, Florida. Mr Henderson is an
expert in Rail robotics and automation. He was previously the
Technical Director, GIS Field Services for CSX, a Class 1 freight
railroad operating in the eastern United States and the Canadian
provinces of Ontario and Quebec , with approximately 21,000 miles
(34,000 km) of track .
Nick Smith, co-founder of Airsight and Vice President Sales for
Maestrano , said,
"We continue to build on our excellent relationship with ARTC,
expanding not only the frequency of network scans, but also the
range of services and analytics delivered. We now have in place a
customer-driven provisioning system, such that ARTC can configure
and order the data collection and analysis they require. This is to
our knowledge a world first and underpins the flexibility, value
and rapid results we deliver."
Ian Buddery, Chair of Maestrano, commented:
"Securing Erik for our USA team is a major milestone for the
Company. Erik brings not only a wealth of expertise but is also
widely known throughout the US rail industry for his success
implementing innovative solutions which improve safety and reduce
cost for operators. His appointment significantly raises our
profile in the US market and will contribute enormously to our
future growth plans."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Maestrano Group plc
Ian Buddery, Chairman c/o Arden Partners
Grant Thornton (Nominated Adviser)
Colin Aaronson / Jamie Barklem / Niall McDonald +44 (0)20 7383 5100
Arden Partners (Broker)
Ruari McGirr / Ciaran Walsh +44 (0)20 7614 5900
About Maestrano
Maestrano offers a patented cloud-based platform for master data
management and business analytics , together with specialist
hardware and software for capturing, analysing and reporting on
large datasets within the transport sector, employing sophisticated
artificial intelligence algorithms.
Further information on the Company is available at:
www.maestrano.com
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END
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