Tracsis PLC Response to Williams-Shapps Plan for UK Rail (3596Z)
21 May 2021 - 4:00PM
UK Regulatory
TIDMTRCS
RNS Number : 3596Z
Tracsis PLC
21 May 2021
21 May 2021
Tracsis plc
("Tracsis" or "the Group")
Response to Williams-Shapps Plan for Rail in the UK
Tracsis, a leading provider of software, hardware, data
analytics/GIS and services for the rail, traffic data and wider
transport industries, welcomes the long-awaited Williams-Shapps
Plan for Rail in the UK.
The Department for Transport has now published the
Williams-Shapps Plan for Rail, which is available to view here:
https://www.gov.uk/government/publications/great-british-railways-williams-shapps-plan-for-rail
. The report p rovides strategic direction for the rail industry in
the UK and will focus on the delivery of a modern, improved
experience for passenger and freight customers under a new public
body called Great British Railways which will oversee rail
transport in Great Britain . The organisation will replace Network
Rail as the operator of rail infrastructure, and will also control
the contracting of train operations, the setting of fares and
timetables and the collection of fare revenue. Within the new
structure, passenger and freight operators will remain private and
will focus on performance improvement, expanding customer choice
and improving the overall customer experience. The new approach
will see a greater focus on passenger and freight customers, the
delivery of an increasingly safe and reliable rail network and
greater integration across different transport modes (rail, bus
etc.) whilst prioritising innovation in new technologies.
Recent strategic investments made across the Tracsis Group in
both new technology and acquisition appear to be well aligned with
the future direction of the rail industry. With the rail industry
focused on improving safety, improving timetabling and on time
train performance, increasing pre-emptive/asset condition
maintenance and accelerating innovation in areas like pay as you go
smart ticketing and delay repay, Tracsis is well positioned to
benefit from the commitment to greater innovation and investment in
a digital railway. This is currently reflected in our pipeline of
new opportunities.
Chris Barnes, Chief Executive Officer, commented:
"Tracsis has a long-established reputation as a fast-to-market
innovator of products that make a fundamental difference to the
performance and safety of the rail industry . We are therefore
looking forward to working in partnership with Great British
Railways and passenger and freight operators to help the industry
deliver its strategic vision for the future".
Enquiries:
Tracsis plc Tel: 0845 125
9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd Tel: 020 7220
0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405
0205
David Ison/Hilary Buchanan/Joe Pederzolli tracsis@almapr.co.uk
Notes to editors:
-- Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytic/GIS
services for the rail, traffic data and wider transport
industries.
-- Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk, improve operational and asset
performance, improve safety management and decision making
capabilities and improve the overall customer experience for
clients and customers.
-- The Group is split into two principle operating areas built
around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and
technology/product led business. Develops remote condition
monitoring hardware, data acquisition software and safety and risk
management software for rail infrastructure providers. Software
that solves complex resource, asset optimisation and control
problems for Train Operators and Smart Ticketing, Delay Repay and
other retail software to improve the customer experience for rail
users.
- Data, Analytics, Consultancy & Events : A largely services
led business that focuses on data capture, data analytics, GIS,
data insights, consultancy and event traffic management within a
range of transport and pedestrian rich environments. The business
provides technology/bespoke products 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, Train Operating Groups and Companies, the
Department for 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 fifteen acquisitions since 2008.
For more information on Tracsis please visit
http://www.tracsis.com
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