Framework Agreement
08 October 2021
Journeo plc
("Journeo", "Company" or "the Group")
Framework Agreement - Transport Technology and Associated Services (TTAS).
Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased announce that it has been awarded a framework agreement with Crown Commercial Services.
The framework has an initial two-year term with the option of up to two additional years extension.
The framework allows the company to be considered for call-off contracts and direct catalogue-style purchasing, providing a procurement route for Local Authority and Government organisations in England and the devolved administrations in Wales, Scotland and Northern Ireland, to place orders directly for transport and pedestrian control, transport data services and sustainable transport technologies.
Crown Commercial Service is an executive agency and trading fund of the Cabinet Office of the UK Government, responsible for managing the procurement of common goods and services, increasing savings for the taxpayer by centralising buying requirements, and leading on procurement policy on behalf of the government.
Russ Singleton, Chief Executive of Journeo plc, commented: "Securing a place on the TTAS framework was an important objective as we were not on the predecessor framework, where we supplied over £4m of our technology through Tier-1 framework holders. TTAS provides local authorities and Government organisations direct access to our cloud-based bus, rail and coach applications; and our low-power, off-grid passenger information systems."
A digital copy of this announcement will be available on the Group's website: www.journeo.com .
For further information, please contact:
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Journeo plc Russ Singleton/ Nick Lowe |
+44 (0) 844 871 7990 |
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WH Ireland - Nominated Adviser and Broker Mike Coe |
+44 (0) 117 945 3470 |
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Notes to editors:
Journeo plc is an information systems and technical services business focussed on public transport and related infrastructure within towns, cities, airports, and local authorities. The Company works extensively with local government departments, combined authorities, and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable smarter-cities future.
The business currently comprises two segments:
· Fleet operator solutions: 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.
· Passenger transport infrastructure solutions: 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.
In the last few years, the Company has invested around £5m in research and development, enabling it to design and supply the very best 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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