TIDMJNEO
RNS Number : 3374Z
Journeo PLC
15 May 2023
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.
15 May 2023
Journeo plc
("Journeo, "Company" or "the Group")
GBP0.9m Passenger Information Systems Purchase Order
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to announce that its recently
acquired subsidiary, Infotec, has received a GBP0.9m purchase order
for the manufacture and supply of passenger information displays
for Northern Trains.
Northern Trains, branded as 'Northern' is a publicly owned train
operating company owned by DfT OLR Holdings for the Department for
Transport which operates a fleet of 345 trains calling at 474
stations. Northern have recently commenced a programme to replace
and upgrade the passenger information displays in all their
stations and this purchase order for approximately 200 displays
follows on from purchase orders received by Infotec prior to the
acquisition, where over 300 displays have been manufactured and
shipped in the last 12 months .
On completion, this new purchase order will take the total
number of displays supplied to Northern for their station upgrade
to around 50% of its estate and the Directors consider that, due to
the ongoing demand for Infotec's high performance, high reliability
displays technology there is potential for additional revenue
opportunities for the Company in 2024 and 2025 as Control Period 7
commences and Northern continues with the remainder of its station
upgrade programme.
This new purchase order includes both ruggedised indoor and
optically bonded outdoor TFTs, ECO-White LED platform displays
along with associated services such as communication hubs, bespoke
steelwork and design services. All displays are connected to
Infotec's Javelin Content Management System (CMS) software to
enable advanced content delivery and hardware monitoring via an
easy-to-use web-based application.
The display systems are scheduled to enter production during H2
2023 with revenue recognised late in Q4 2023 and early Q1 2024 and
are included in management's expectations of performance for
FY2023.
Russ Singleton, Chief Executive of Journeo plc, commented: "I am
delighted to see the continuation of the relationship with
Northern, following the acquisition of Infotec by Journeo. Across
the board, customers have been welcoming of the change and we are
beginning to see the resulting growth of Group revenues, order book
and sales pipeline.
By continuing to place orders for our high-performance displays,
Northern know that they are investing in a solution that is robust
and reliable, with the backing of a larger group and technical
development force, and access to the full suite of Journeo
products, software and services for larger or more complex projects
in future."
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
Cenkos Securities - Nominated Adviser and Broker
K aty Birkin/ Callum Davidson +44 (0) 207 3 97 8900
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 currently has three operating companies:
-- Journeo Fleet Systems Ltd: 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 Ltd: 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 Ltd: design, advanced manufacture, installation and
software management of information displays hardware for rail
applications in stations, on-platform and on-vehicle.
In the last 4 years, the Company has invested over GBP5 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.
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END
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May 15, 2023 02:00 ET (06:00 GMT)
Journeo (LSE:JNEO)
過去 株価チャート
から 11 2024 まで 12 2024
Journeo (LSE:JNEO)
過去 株価チャート
から 12 2023 まで 12 2024
