Tracsis PLC Contract Wins (8176N)
26 May 2020 - 4:00PM
UK Regulatory
TIDMTRCS
RNS Number : 8176N
Tracsis PLC
26 May 2020
26 May 2020
Tracsis plc
("Tracsis" or the "Group")
Large Rail Contract Wins
Tracsis, a leading provider of software, hardware and services
for the rail, traffic data and wider transport industries, is
pleased to announce that it has been awarded two major rail
contracts.
The first award is a further significant contract for the
provision of its TRACS Enterprise software product with another
major UK rail operator. The contract will be delivered over
multiple years and is for several million pounds, which includes
the renewal of some existing systems already licenced by the
customer, plus significant levels of additional functionality
through the TRACS Enterprise suite, including the ATTUne
timetabling software that was added to the Group via the
acquisition of Bellvedi Limited in April 2019.
The contract will not have a major financial impact in the
current financial year ending 31 July 2020 but helps to underpin
our confidence for the future, and the product suite that has been
in significant development in recent years.
The second win is a major order for the provision of remote
condition monitoring technology, plus our associated Centrix
software and related support services, to an existing customer. The
contract is for several hundred thousand pounds, and will be
delivered over the coming months.
The Rail Technology and Services division continues to operate
with high activity levels, and continues to pursue a number of
other new opportunities across its range of software offerings.
Chris Barnes, Chief Executive Officer, commented:
"We are delighted to have secured these major contracts with two
major UK rail customers and look forward to delivering these
projects in the months to come. The UK rail industry continues to
adopt our award winning TRACS Enterprise software and remote
condition monitoring technology, both of which can bring
significant benefits to the operators, and these latest wins are
testament to the strength of our team and quality of our market
leading products."
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Notes to editors:
-- Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytic
services for the rail, traffic data and wider transport
industries.
-- Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk and improve operational and asset
performance, safety management and decision making capabilities for
clients and customers.
-- The Group i s split into two principle operating areas built
around detailed industry knowledge and expertise :
- Rail Technology & Services: Software and technology led
business supported by consultancy. Develops remote condition
monitoring hardware and safety, productivity improvement, risk
management and data acquisition software for rail infrastructure
providers and software that solves complex resource, asset
optimisation and control problems for Train Operators.
- Traffic & Data Services : A largely services led business
that focuses on data capture, data analytics, data insights and
event traffic management within transport and pedestrian rich
environments. The business provides technology and data that
underpins large scale intelligent transport system and smart city
planning and decision making.
-- Tracsis has a blue-chip client base which includes all major
UK transport owning Groups. The business also works extensively
with Network Rail, the Department of Transport, TfL, multiple local
authorities, major outdoor music and sporting event organisers, and
a wide variety of large engineering and infrastructure
companies.
-- The business drives growth both organically and through
acquisition and has made fourteen acquisitions since 2008.
-- For more information on Tracsis please visit http://www.tracsis.com
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END
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