Framework Contract Renewal

RNS Number : 8963U

Journeo PLC

03 August 2020

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

3  Aug 2020

Journeo plc

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

3-year framework contract renewal with Abellio bus London

Journeo plc (AIM: JNEO), the information systems and transport technical services Group, is pleased to announce a 3-year renewal of a framework contract with Abellio bus London.

Abellio has been operating successfully in the UK since 2002 and are one of the largest rail companies in the UK, operating five rail franchises in addition to a major bus company serving London.  Under the contract, Journeo will continue to provide CCTV and associated equipment on all new Abellio buses along with those transferred in to their fleet via competitive tendering in London.

The anticipated value of the contract over three years, is c.£2 million and the framework includes a further £1.2m of on-vehicle technology solutions as customer options.

Approximately 200 of vehicles already installed with the Journeo EDGE intelligent IoT gateway will be connected into a new cloud-based Video Management System (VMS) making Abellio one of the first London operators to benefit from 4G video transfer.

The Journeo platform also allows Abellio to connect a wide array of other systems on the bus into a central cloud-server offering fast, secure and real-time access to information as well as being able to integrate future technology options, a number of which are already included within the framework.

Jon Eardley, Engineering Director at Abellio London, commented: "We have chosen Journeo Fleet Systems to be our technical services partner, based on their innovative approach to supporting and upgrading all our on-board systems."". 

Russ Singleton, Journeo Chief Executive Officer, said: "We are delighted that Abellio have asked us to continue providing support services for their safety-critical video systems and supply our innovative solutions for their London bus fleet. Our R&D, engineering network and dedicated London support team has helped Abellio consistently achieve first-place rankings in Transport for London's (TfL) measurement of CCTV systems availability and our latest IoT systems provide further enhancements, making Abellio amongst the most advanced public transport fleet operators. "

A digital copy of this announcement will be available on the Groups' website: www.journeo.com.

For further information, please contact:

Journeo plc Russ Singleton/ Nick Lowe	[phone]
WH Ireland  - Nominated Adviser and Broker Mike Coe/ Chris Savidge  (Corporate Finance) Jasper Berry   (Corporate Broking)	[phone]
Communications Portfolio Ariane Comstive	[phone]

Notes to editors:

Journeo plc, formerly 21st Century Technology plc, is the specialist provider of advanced information systems and transit related technical services to towns, cities, and local authorities.  The Company works with many of the UK's largest multinational public transport operators, supporting them towards the creation of smarter-cities.

The business comprises two segments:

· Fleet Systems solutions, including CCTV video surveillance to improve passenger & driver safety, vehicle and driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting; and

· Passenger Systems solutions, including design, manufacture, installation, and management of all the hardware and software for electronic passenger information systems, smart-ticketing and wayfinding.

In the last few years, the Company has invested heavily in research and development, enabling it to design and supply the very best solutions in order to meet 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 and scalable products and services that can integrate with existing technology while preparing for future advancements.

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