Last checked at 24 Nov 2021 07:00
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
24 November 2021
Journeo plc
("Journeo", "Company" or "the Group")
Software as a Service contract
Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to announce a three-year Software as a Service (SaaS) contract for CCTV technology management with Arriva UK Bus.
The value of the contract over the three-year period is £1.3m and includes engineering, software licenses and technical support services across the Arriva UK fleet of 4,700 buses. The contract also includes a customer option of extending the software licenses by a further two years at additional cost.
Work has already commenced, and a number of buses previously equipped with Journeo's IoT hardware under a separate framework agreement will be included within the new SaaS contract, such that Arriva's entire UK bus fleet are connected and supported.
Journeo's cloud-based solution provides authorised users with authenticated, high-security access to video and associated data from any of their UK bus fleet vehicles using local Wi-Fi or the Journeo Edge's 4G modem.
In addition to securely managing the data, Journeo's cloud services also provide a secure transfer between other systems used by Arriva to manage incidents across their network, including the real-time status of on-board technology using Journeo's remote condition monitoring application.
Russ Singleton, Chief Executive Officer of Journeo, said: " We have been working with Arriva in the UK since 2002 and Sweden since 2010 and are naturally delighted that they have chosen the Journeo cloud-based video management solution for their entire UK bus fleet. As the Arriva buses come on-line during 2022, we will have over 10,000 buses, coaches, trains and fuel tankers connected to our powerful cloud-based SaaS applications".
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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