REG - Journeo PLC - Purchase Order

JourneoAnnouncement

20/03/2023 07:00

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RNS Number : 4446T  Journeo PLC  20 March 2023

The information contained within this announcement is deemed by the Company to
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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.

20 March 2023

Journeo plc

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

Network Rail £0.8m Passenger Information Systems Purchase Order

Journeo plc (AIM: JNEO), the information systems and transport technical
services group, is pleased to announce that its recently acquired subsidiary,
Infotec, has received a £0.8m purchase order from Network Rail for the
manufacture and supply of passenger information displays for Leeds Station.

 

Leeds Station, managed by Network Rail, is the 11(th) busiest rail station in
the UK and services many routes radiating in all directions from Leeds.
Passengers using this large and busy station are predominantly serviced by the
train operators Northern, TransPennine Express, Cross County and LNER.

 

Infotec's new displays will replace existing LED displays originally
manufactured and supplied by Infotec in 2007 and comprise a mixture of high
efficiency white LED displays and full colour TFT displays to offer passengers
more comprehensive and richer information presented on modern easier to read
display equipment.

 

The display systems are scheduled to enter production during H2 with revenue
recognised this financial year included in management's expectations of
performance for FY2023.

 

Russ Singleton, Chief Executive of Journeo plc, commented: "The Tetrus range
of Network Rail approved display systems have been installed in approximately
80% of stations across the UK over the last 10-15 years and these new displays
connect directly into the customer's existing platform to work alongside
legacy equipment. This interoperability, in conjunction with the Group's
reputation for quality, high-performance and durability is driving growth in
our revenues, order book and sales pipeline."

 

 

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 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.

 

In the last 4 years, the Company has invested over £5 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.

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