REG - Journeo PLC - Purchase Order

JourneoAnnouncement

22/09/2023 07:00

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RNS Number : 2886N  Journeo PLC  22 September 2023

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.

22 September 2023

Journeo plc

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

£2m Passenger Information 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 it has received a £2m purchase order from a Northern Transport
Partnership.

The purchase order builds on previously announced orders for Journeo's
Thin-Film Transistor (TFT) and Liquid Cystal Display (LCD) technologies,
connected to Journeo's content management software, extending the roll out
programme of Journeo technologies into an expanding network of transport
corridors.

The purchase order is included in management's expectations of performance for
FY23 and FY24 and adds to the Company's strong order book, providing future
revenue visibility and reflecting the Group's strengthening market position.

Russ Singleton, Chief Executive of Journeo plc, commented:

"We are delighted to continue this strong working relationship with a customer
that has a clear vision to enhance and improve the provision of transport
information across the region, for the benefit of the travelling public.
Their investment in our technology is enabling them to provide powerful and
usable supplementary information to passengers using their transport network,
such as complex and advanced disruption information, which is in turn enabling
them to deliver on the commitments made in their Bus Service Improvement
Plan."

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 Securities - 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.

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

·    21(st) 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 £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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