REG - Journeo PLC - Purchase Orders

JourneoAnnouncement

26/03/2024 07:00

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RNS Number : 2374I  Journeo PLC  26 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
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time.

26 March 2024

Journeo plc

("Journeo", or the "Company")

 

£1.1m Bus Safety Systems Purchase Orders

Journeo plc (AIM: JNEO), a leading provider of information systems and
technical services to transport operators and local authorities is pleased to
announce that, further to its announcement on 11 March, it has received
additional purchase orders totalling £1.1m to supply and install important
safety systems on Arriva buses within the Transport for London (TfL) fleet.

The £1.1m purchase orders are to upgrade approximately 150 buses and
installations will be carried out over the course of this year and Journeo
will provide support for these systems for the remainder of the vehicles'
operating life in London of between 4 and 5 years.

Journeo will replace the external vehicle wing-mirrors with the UN R46
approved Journeo CMS which utilises an ultra-low profile camera module mounted
externally at high level on each side of the vehicle and the installation of
high-definition monitors inside the vehicle.

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: "I am delighted that Arriva have selected our high-performance
bus safety systems.  These purchase orders are a further validation of
Journeo's CMS which is increasingly being adopted by fleet operators
throughout the UK where we have installed over 3,000 systems, including 1,000
in London."

 

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 - 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.

·    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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