RCS - Journeo PLC - Contract award in Denmark

JourneoAnnouncement

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RNS Number : 2000R  Journeo PLC  16 July 2025

RNS REACH ANNOUNCEMENT

16 July 2025

Journeo plc

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

Contract award in Denmark

Journeo plc (AIM: JNEO) a leading provider of information systems and
technical services to transport operators and local authorities, is pleased to
announce that its Danish subsidiary, Journeo AS, has been awarded a contract
worth a minimum of £1.2 million with Umove, Denmark's largest privately owned
public transport operator.

This contract follows Umove's own award of a minimum 12-year public transport
contract with Trafikselskabet Midttrafik Denmark (TMD), the agency responsible
for buses in the Central Jutland region of Denmark.

Under this contract, Journeo will deliver a wide range of its Intelligent
Transport Systems and services on approximately 100 buses including passenger
counting, real time information, fleet management and infotainment software,
voice-over IP communications and AI-powered driver awareness system.

Engineering and installation work worth approximately £0.8m will start later
this year prior to the buses entering revenue service in June 2026. The
software licenses and recurring monthly SaaS and SLA revenues are expected to
generate a further £0.4m during the first three years. Thereafter, Journeo is
well-positioned to generate additional recurring SaaS revenues throughout the
remaining period of Umove's contract with TMD.

Umove was founded in 2013 and has since grown to become Denmark's largest
privately owned public transport operator with 900 buses and 2,000 employees.

Russ Singleton, Chief Executive Journeo said: "I am delighted that Umove have
selected our technology, software and services for the electric buses that
will operate in the central region of Jutland. This award builds on the
existing relationship with Umove where our Danish team already provide similar
services on over 500 Umove vehicles".

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 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.

·    Journeo 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 £6million 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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