Last checked at 12 Oct 2020 07:00
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
12 October 2020
Journeo plc
("Journeo", the "Company" or the "Group")
New bus systems £0.6m purchase order
Journeo plc (AIM: JNEO), the information systems and transport technical services Group, is pleased to announce a £0.6m purchase order from Wrightbus for the supply and installation of important on-board safety and security systems for new buses being manufactured between November 2020 and March 2022 in Ballymena, Northern Ireland.
Journeo's technical services team will work alongside Wrightbus engineering on the production line to seamlessly install its advanced CCTV, security and safety systems into low-emission hybrid vehicles and the new carbon-zero hydrogen fuel cell powered buses. The majority of the revenue will be recognised in 2021.
Wrightbus are one of Europe's leading designers and manufacturers of advanced public transport vehicles, including 1,000 of the iconic New London Routemaster buses. Approximately 13,500 of their buses are currently in daily service with a wide range of fleet operators carrying over 800,000 seated passengers.
Russ Singleton, Journeo Chief Executive Officer, said: "We are delighted to continue our long-standing relationship with Wrightbus under its new ownership by Jo Bamford and embed our advanced technology and services into their high-quality, fuel-efficient hybrid and carbon-zero vehicles".
A digital copy of this announcement will be available on the Groups' website: www.journeo.com.
For further information, please contact:
Journeo plc Russ Singleton/ Nick Lowe | +44 (0) 203 651 9166 |
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WH Ireland - Nominated Adviser and Broker Mike Coe/ Chris Savidge (Corporate Finance) Jasper Berry (Corporate Broking) | +44 (0) 207 220 1666 |
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Communications Portfolio Ariane Comstive | +44 (0) 7785 922 354
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Notes to editors:
Journeo plc, formerly 21st Century Technology plc, is the specialist provider of advanced information systems and transit related technical services to towns, cities, and local authorities. The Company works with many of the UK's largest multinational public transport operators, supporting them towards the creation of smarter-cities.
The business comprises two segments:
· Fleet Systems solutions, including CCTV video surveillance to improve passenger & driver safety, vehicle and driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting; and
· Passenger Systems solutions, including design, manufacture, installation, and management of all the hardware and software for electronic passenger information systems, smart-ticketing and wayfinding.
In the last few years, the Company has invested heavily in research and development, enabling it to design and supply solutions that meet 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 and scalable products and services that can integrate with existing technology while preparing for future advancements.
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