REG - Journeo PLC - Purchase Order

JourneoAnnouncement

23/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221223:nRSW6930Ka&default-theme=true

RNS Number : 6930K  Journeo PLC  23 December 2022

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.

23 December 2022

Journeo plc

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

£0.5m Purchase Order for Bus Service Improvement

Journeo plc (AIM: JNEO), the information systems and transport technical
services group, is pleased to announce a £0.5m purchase order from a Northern
Transport Partnership for Passenger Information infrastructure to improve bus
services in the region.

 

This order is for a range of Journeo' products and technologies, including LED
displays, TFT displays and interactive journey planning equipment. The systems
will be installed along strategically important transport corridors throughout
the region with the aim of ensuring that the right level of information is
provided for each specific location.

 

This purchase order was included in management's expectations of performance
for FY 2023 and adds to the Company's strong order book, providing future
revenue visibility reflecting the Group's strengthening market position.

 

 

Russ Singleton, Chief Executive of Journeo plc, commented, "We have been
working with the constituent members of this transport partnership for many
years, supporting them through their transforming cities objectives and we are
naturally delighted to continue the relationship as they look to deliver on
their Bus Service Improvement Plans (BSIPs).The Government set out clear
objectives when asking local authorities to deliver BSIPs and the provision of
the right information, at the right location, is key to encouraging people
away from personal-use vehicles and on to public transport."

 

 

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 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.

 

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  CNTBLLLLLLLZFBK