REG - Journeo PLC - Purchase Order

JourneoAnnouncement

28/03/2024 07:00

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RNS Number : 5924I  Journeo PLC  28 March 2024

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.

28 March 2024

 
Journeo
plc

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

£1.5m Passenger Information Systems purchase order

Journeo plc (AIM: JNEO) a leading provider of information systems and
technical services to transport operators and authorities, is pleased to
announce it has received a £1.5m purchase order from Swansea Council.

 

The purchase order is for the manufacture, installation and maintenance of a
range of the latest Journeo Thin-Film Transistor (TFT), Liquid Crystal Display
(LCD) and interactive totem technologies.  Approximately 35% of the displays
supplied will be Journeo's low-carbon, solar powered TFT in-shelter displays,
supporting the authority's drive to achieving Carbon Net Zero by 2050.

 

Displays will initially be connected to Swansea Council's existing Content
Management System (CMS), already supplied by Journeo, until the Transport for
Wales (TfW) country-wide Welsh Bus Data Content Management System (WBDCMS) is
launched, and authority systems migrated, later in the year.

 

The order also contains a deliverable of Journeo's innovative 'RTI anywhere'
QR code solution, which will enable passengers to scan QR codes situated at
more than 500 bus stops with their personal mobile devices, and receive the
latest information on departures for the location in visual and audible
formats.

The revenues are included in management's expectations of performance for the
current financial year and add to the Company's strong order book, providing
further future revenue visibility.

Russ Singleton, Chief Executive of Journeo plc, commented,

 

"We are delighted to see the continued evolution of passenger information
estates within Wales, especially Swansea's commitment to delivering
information to passengers using low-carbon and no-carbon solutions such as our
QR code system.

 

The investment in technology now will ensure that Swansea have a display
estate compatible with both their current system and the latest industry open
standards, ready for the migration to the WBDCMS that we will delivering for
TfW over the course of the year."

 

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.

·   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 £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.

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