Last checked at 7 Apr 2015 07:00
April 7th 2015
21st Century Technology Plc
("21st Century" or "the Group")
Rail Contract Awards of £1.3m
21st Century Technology plc (AIM: C21), the specialist service provider of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries, today announces that it has been awarded two extensions to its contract to supply advanced CCTV systems for one of the UK's leading rail franchises.
The major extension is a £1.1m variation to contract for the supply and installation of in-carriage CCTV systems across their entire fleet. It is anticipated that the majority of the income from this project will accrue in the financial year ended 31 December 2015. This is the first in-carriage contract win in the rail industry for 21st Century following many years of developing similar solutions for buses and the contract is a validation of the Company's leading technology and service offering.
The second extension is a £0.2m variation to contract for additional forward facing CCTV systems for the customer's newly acquired fleet of trains. It is anticipated that installation of these systems will be completed by 31 December 2016.
Commenting on the contract wins 21st Century's Chief Executive, Russ Singleton, said: "These orders totaling £1.3m are an important breakthrough for our rail division. They firmly establish the business in this important and growing sector and are a testament to the strengthening relationships we are forging with our customers. It also demonstrates once again that we are successfully executing our strategy in developing the Company's offering into new markets; building on our strong heritage in the on-bus market in the UK and Continental Europe."
Enquiries:
21 Century Technology plc | Russ Singleton/Glenn Robinson | Tel: 0844 871 7990 | ||
finnCap Limited | ||||
Nominated Adviser | Julian Blunt | Tel: 0207 220 0500 | ||
Corporate Broking
Media enquiries | Malar Velaigam | |||
Communications Portfolio | Ariane Comstive/Helen Carpanini |
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Notes to editors:
21st Century Technology plc's (AIM: C21) principal activities are the provision of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries. The Group's business model is in transition; from providing individual solutions for the supply and installation of CCTV, telematics and monitoring systems, towards highly integrated on-board technologies with connected and web based back-office software management applications.
The Group is currently preferred suppliers of mobile CCTV to two of the UK's largest bus operators; Arriva UK Bus and First Group UK Bus. It also provides installation, maintenance & support services to Keolis and Arriva in Stockholm, Sweden and is deploying a novel passenger comfort-oriented driver behaviour system to Keolis throughout France.
In the rail sector, 21st Century has also recently gained new customers; including GB Rail Freight and one of the UK's leading train operating companies.
These strengthening client relationships demonstrate the growing adoption of the 21st Century's systems in the bus and rail market, supporting the Group's multi-modal approach to servicing fleet customers throughout the UK and into Continental Europe.
The Group was admitted to trading on AIM in 2005.