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.
28 March 2024
Journeo
plc
("Journeo, "Company"
or "the Group")
£1.5m Passenger Information Systems
purchase order
Journeo plc (AIM: JNEO) a leading
provider of information systems and technical services to transport
operators and authorities, is pleased to announce it has received a
£1.5m purchase order from Swansea Council.
The purchase order is for the
manufacture, installation and maintenance of a range of the latest
Journeo Thin-Film Transistor (TFT), Liquid Crystal Display (LCD)
and interactive totem technologies. Approximately 35% of the
displays supplied will be Journeo's low-carbon, solar powered TFT
in-shelter displays, supporting the authority's drive to achieving
Carbon Net Zero by 2050.
Displays will initially be connected
to Swansea Council's existing Content Management System (CMS),
already supplied by Journeo, until the Transport for Wales (TfW)
country-wide Welsh Bus Data Content Management System (WBDCMS) is
launched, and authority systems migrated, later in the
year.
The order also contains a
deliverable of Journeo's innovative 'RTI anywhere' QR code
solution, which will enable passengers to scan QR codes situated at
more than 500 bus stops with their personal mobile devices, and
receive the latest information on departures for the location in
visual and audible formats.
The revenues are included in management's
expectations of performance for the current financial year and add
to the Company's strong order book, providing further future
revenue visibility.
Russ Singleton, Chief Executive of
Journeo plc, commented,
"We are delighted to see the
continued evolution of passenger information estates within Wales,
especially Swansea's commitment to delivering information to
passengers using low-carbon and no-carbon solutions such as our QR
code system.
The investment in technology now
will ensure that Swansea have a display estate compatible with both
their current system and the latest industry open standards, ready
for the migration to the WBDCMS that we will delivering for TfW
over the course of the year."
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
Katy
Birkin/ Callum Davidson
|
+44
(0) 207 397 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.
· MultiQ (based in Aarhus, Denmark): full-service provider of
Intelligent Transport Systems ("ITS") with customers in Denmark,
Sweden and Iceland.
· 21st 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 £6 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.