Last checked at 19 Sep 2022 07:00
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.
19 September 2022
Journeo plc
("Journeo", "Company" or "the Group")
Dublin Airport bussing management software and passenger information systems agreement
Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to announce that it has signed an agreement with Aircoach to provide real-time information systems and on-vehicle hardware for shuttle services used to transfer passengers from the Dublin Airport Authority car parks to the terminals.
The total value of the agreement is expected to be £0.7m and will include software and support services over a five-year term. Delivery of the first tranche of new vehicles is due to commence in the first quarter of 2023, with £0.3m of Journeo's equipment, software and services being commissioned during the first year.
Aircoach is an Ireland-based subsidiary company of First Group plc. It provides airport express coach services and contracted bus services for airport car parks and other private hire contracts in the Dublin area. The Dublin Airport car park shuttle comprises 12 articulated Mercedes-Benz Citaro buses, with two Wright Eclipse bodied Volvo buses and a Wright Street-Lite used on staff shuttle duty.
As part of the agreement, Journeo will be providing software and systems to support and enhance the passenger experience. This will include Operation Management software, that empowers users to make real time decisions to manage the status of their car park and inter-terminal transfer services through key metrics such as passenger flow. The management platform, contained within Journeo's cloud SaaS solution, also monitors and generates journey predictions that are broadcast to existing display signage within the car parks, keeping passengers informed of when they can expect their transfer to commence.
Journeo will also supply and install a range of IoT connected technology including CCTV and telematics systems that will enable Aircoach to promote safe and fuel-efficient transport to and from the terminal buildings, all monitored through Journeo's cloud SaaS platform.
Russ Singleton, Chief Executive of Journeo plc, commented:
"Dublin will be the fourth implementation of our class-leading solution. Our software, displays technology and real time information management are already established at London Gatwick and London Stansted Airports, and are soon to go live at London Heathrow airport, enhancing the passenger transport experience and enabling the operators to deliver safe and efficient transfers. Projects within airports are growing in importance to our business, as we find new applications at the sites into which we can embed our core technology".
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) 203 651 9166 |
Cenkos Securities - Nominated Adviser and Broker Katy Birkin/ Callum Davidson | +44 (0) 207 397 8900 |
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 4 years, the Company has invested over £5m in research and development, enabling it to design and supply the best 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.