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Rail Contract Awards of £1.3m

7 Apr 2015 07:00

RNS Number : 4369J
21st Century Technology PLC
07 April 2015
 

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

 Tel: 0207 536 2007

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTBGGDSCUGBGUS
Date   Source Headline
2nd Oct 200611:09 amRNSHolding(s) in Company
19th Sep 200611:33 amRNSHolding(s) in Company
21st Aug 20063:35 pmRNSDirector/PDMR Shareholding
21st Aug 20067:00 amRNSInterim Results
26th Jul 20064:23 pmRNSDirector/PDMR Shareholding
26th Jul 20067:01 amRNSTrading Update and Investment
23rd May 20062:20 pmRNSResult of AGM
23rd May 20067:01 amRNSContract win
23rd May 20067:01 amRNSAGM Statement
2nd May 200612:24 pmRNSHolding(s) in Company
12th Apr 20064:30 pmRNSIssue of Options
11th Apr 20062:50 pmRNSHolding(s) in Company
21st Mar 20061:38 pmRNSHolding(s) in Company
18th Jul 20054:18 pmRNSHolding(s) in Company
1st Jun 200510:59 amRNSChange of Adviser
23rd May 20059:40 amPRNChange of Name
17th May 200512:37 pmPRNAGM Statement
9th May 200511:07 amPRNDirectors Shareholding
9th May 20056:00 amPRNRe: 21st Century
15th Apr 20054:15 pmPRNNotice of AGM
15th Apr 20051:56 pmPRNNotice of AGM
14th Apr 20051:56 pmRNSMove to AIM
4th Apr 20051:17 pmRNSDirectorate Change
16th Mar 20057:00 amRNSSchedule 1 - Toad Group PLC
16th Mar 20057:00 amPRNFinal Results
2nd Feb 20057:00 amPRNProposed transfer to AIM
14th Jan 20052:43 pmPRNDirectorate Change

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