REG - Journeo PLC - Purchase Order

JourneoAnnouncement

29/07/2024 07:00

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RNS Number : 1101Y  Journeo PLC  29 July 2024

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.

29 July 2024

Journeo plc

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

£2.1m bus safety systems and software 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 purchase order for £2.1m from Metroline Manchester
for the provision of its on-board bus safety systems and cloud-based SaaS
services.

 

Journeo will install the latest high-definition digital CCTV systems on
approximately 300 new vehicles that are due to enter service in January 2025.
Each vehicle will be fitted with a Journeo Edge gateway, providing a secure
connection to cloud-based services within the Journeo Portal. This enables
authorised incident investigators to access video evidence on-demand, whilst
also providing health monitoring tools to engineering teams to ensure vehicle
systems remain fully operational.  The purchase order also includes the first
year of monthly SaaS licences and field maintenance, demonstrating Journeo's
capability to provide design, installation, software and on-going support
services.

Metroline Manchester, part of ComfortDelGro have been awarded contracts to
operate four franchises in Greater Manchester by Greater Manchester Combined
Authority (GMCA).

It is anticipated that the majority of the work will be completed by Journeo
by December 2024 which is 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. Provision of the software
licenses and support will continue throughout 2025.

Metroline also operate 1500 buses from 12 garages across London where Journeo
CCTV and Camera Monitoring System "CMS" is specified for all new buses
entering the fleet.

Russ Singleton, Chief Executive of Journeo plc, commented:

 

"I am delighted that Metroline Manchester have selected our technology,
software and services for their four franchised routes in the GMCA region to
enhance driver and passenger safety, with secure remote access to their
on-board systems for incident management.

This purchase order further extends our partnership with ComfortDelGro Group,
providing safety critical vehicle systems across their UK transport
companies".

 

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 Capital Markets Limited     +44 (0) 207 220 0500

 Nominated Adviser and Broker

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

·   Journeo 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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