Last checked at 6 Dec 2021 07:00
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
06 December 2021
Journeo plc
("Journeo", "Company" or "the Group")
Public transport information systems contract award
Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to announce a contract for the supply of its advanced displays technology and software, further expanding into key transport corridors within North Wales, where real time passenger information was not previously present.
The award valued at £0.8m includes the provision of scheduled and real time passenger information systems for long and geographically diverse routes. The breadth of display technologies, stretching from ultra-low power ePaper displays suitable for rural locations where authorities cannot deliver power to the display location, to full-colour LED displays suitable for high-traffic transport corridors, will be managed using the company's content management software.
Russ Singleton, Chief Executive of Journeo plc, commented, "Driving multiple display technologies directly from our powerful core technology and cloud-based software is giving customers greater flexibility as they scale their information estates, ready to meet the commitments they are making in their Bus Service Improvement Plans and Enhanced Partnerships".
A digital copy of this announcement will be available on the Group's website: www.journeo.com.
For further information, please contact:
Journeo plc Russ Singleton/ Nick Lowe | +44 (0) 844 871 7990 |
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WH Ireland - Nominated Adviser and Broker Mike Coe/ Sarah Mather | +44 (0) 207 220 1666 |
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Notes to editors:
Journeo plc is an information systems and technical services business focussed on public transport and related infrastructure within towns, cities, airports, and local authorities. The Company works extensively with local government departments, combined authorities, and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable smarter-cities future.
The business currently comprises two segments:
· Fleet operator solutions: 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.
· Passenger transport infrastructure solutions: 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.
In the last few years, the Company has invested over £5m in research and development, enabling it to design and supply advanced 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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