REG - Journeo PLC - £4.2m Rail Systems Purchase Order

JourneoAnnouncement

Thu 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250529:nRSc4892Ka&default-theme=true

RNS Number : 4892K  Journeo PLC  29 May 2025

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.

29 May 2025

Journeo plc

 

("Journeo", or the "Company")

 

 £4.2 million rail 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 a £4.2 million purchase order from Alstom SA, a major supplier
within the rail industry,  to design and supply CCTV and Automatic Passenger
Counting (APC) systems to enhance safety, security and operational efficiency
on CrossCountry's Voyager fleets.

The purchase order forms part of a major refurbishment programme being caried
out by Alstom for 70 Voyager trains and encompasses 312 cars, comprising 136
Voyager (Class 220) and 176 Super Voyager (Class 221) vehicles respectively.

Alstom has 37 locations, 6,000 employees and is the UK and Ireland's leading
supplier of new trains and train services, and a leading signalling and rail
infrastructure provider. Alstom have built or are building approximately 40%
of the UK mainline train fleet, as well as the entire fleets in service with
London Underground and Dublin Luas. Half of all UK rail journeys are made on
an Alstom train.

Journeo have already commenced design and initial equipment supply and will
support Alstom during the installation phase being carried out at their Derby
Litchurch Lane facility which is due for completion in 2027. It is expected
that the majority of the revenue from this purchase order will be recognised
during FY26 and FY27.

Journeo anticipates that approximately £2 million additional revenue will be
generated over five years for SaaS subscriptions and associated support
services as the fleet of Voyager trains return to service

Russ Singleton commented, "We are delighted to be working with Alstom at their
historic Litchurch Lane facility in Derby as an integral part of this
important refurbishment programme of the CrossCountry Voyager fleet. The
application of Journeo's technology to help prolong the life of existing
rolling stock, alongside its implementation on new trains, demonstrates the
flexibility of our solutions and how their use can support sustainable
rejuvenation of fleets. The installations are underpinned by Journeo's core
IP, enabling the operator to manage operation-critical data, such as occupancy
data and securely captured and stored high-definition CCTV evidence through
the SaaS Journeo Portal."

A digital copy of this announcement will be available on the Group's website:
www.journeo.com (http://www.journeo.com/) .

 

For further information, please contact:

 Journeo plc                                                       +44 (0) 203 651 9166

Russ Singleton/ Nick Lowe
 Cavendish Capital Markets Limited - Nominated Adviser and Broker  +44 (0) 207 220 0500

Katy Birkin/ Callum Davidson

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.

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

·    Journeo 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFFREVITFIE