Journeo PLC Purchase Order (2886N)

TIDMJNEO

RNS Number : 2886N

Journeo PLC

22 September 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.

22 September 2023

Journeo plc

("Journeo, the "Company" or the "Group")

GBP2m Passenger Information Systems Purchase order

Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, is pleased to announce it has received a GBP2m purchase order from a Northern Transport Partnership.

The purchase order builds on previously announced orders for Journeo's Thin-Film Transistor (TFT) and Liquid Cystal Display (LCD) technologies, connected to Journeo's content management software, extending the roll out programme of Journeo technologies into an expanding network of transport corridors.

The purchase order is included in management's expectations of performance for FY23 and FY24 and adds to the Company's strong order book, providing future revenue visibility and reflecting the Group's strengthening market position.

Russ Singleton, Chief Executive of Journeo plc, commented:

" We are delighted to continue this strong working relationship with a customer that has a clear vision to enhance and improve the provision of transport information across the region, for the benefit of the travelling public. Their investment in our technology is enabling them to provide powerful and usable supplementary information to passengers using their transport network, such as complex and advanced disruption information, which is in turn enabling them to deliver on the commitments made in their Bus Service Improvement Plan."

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 Securities - Nominated Adviser and Broker 
 K aty 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.

-- MultiQ (based in Aarhus, Denmark): full-service provider of Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and Iceland.

-- 21(st) Century AB (based in Stockholm, Sweden): technical services provider to public transport customers in Sweden.

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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September 22, 2023 02:00 ET (06:00 GMT)

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