REG - Journeo PLC - Purchase Order

JourneoAnnouncement

21/07/2022 07:00

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RNS Number : 2086T  Journeo PLC  21 July 2022

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

21 July 2022

Journeo plc

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

Passenger information systems £0.6m 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 £0.6m purchase order for the supply and support of
passenger information display systems for a City Centre bus station upgrade
within a Northern Transport Partnership.

 

The purchase order forms part of the second tranche of the Transforming Cities
Fund and includes high definition Thin-Film Transistor (TFT) and Liquid
Crystal (LCD) display technologies. The displays will connect to Journeo's
content management software, which will manage the upgraded bus station
information systems and the other on-street real-time infrastructure
previously supplied by Journeo in the £1.9m programme announced on 27
February 2020.

 

It is anticipated that revenue of approximately £0.4m will be delivered
during this financial year from this purchase order.

 

This purchase order was included in management's expectations of performance
for the current financial year and adds to the Company's strong order book,
providing further future revenue visibility.

 

Russ Singleton, Chief Executive of Journeo plc, commented: "We are delighted
to be working with this forward-thinking transport partnership as they build
on the investments already made in our software, products and services. Our
capabilities of driving multiple display technologies directly from our
powerful core technology and cloud-based software provides customers with the
flexibility needed to scale-up their information estates, ready to meet the
commitments made in their Bus Service Improvement Plans and Enhanced
Partnerships."

 

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

 Cenkos Securities - Nominated Adviser and Broker     +44 (0) 207 397 8900

 Katy Birkin/ Callum Davidson

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 4 years, the Company has invested over £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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