Last checked at 1 Jun 2011 07:00
1 June 2011
21st Century Technology plc
("21st Century", "the Company" or "the Group")
AGM Trading Update
21st Century, the supplier and installation service provider of public transport CCTV and vehicle monitoring systems is holding its Annual General Meeting today at 10.30 am at The National Control Centre, Drake Road, Mitcham, Surrey, CR4 4HQ.
Chairman, Jan Holmstrom, will make the following statement:
"The Group is trading in line with management expectations for the year. We continue to maintain strong positions in our on-bus CCTV systems and EcoManager businesses in the UK and we have a number of new leads which give us confidence that we can enhance our market penetration in mainland Europe. We are making good progress in delivering the first of the two Keolis Sverige AB CCTV supply and installation contracts which we announced on 31 January 2011. The combined value of these contracts is £7.2m. Additionally, we have established a subsidiary company in Stockholm, 21st C. Sverige AB, and employed a dedicated team to exploit further opportunities in Scandinavia.
In my Chairman's Statement which accompanied the 2010 Annual Report, I highlighted that the Group's freehold head office premises is being marketed for sale. To date we have received expressions of interest from several parties and we hope to be able to make a further announcement on this in due course."
Enquiries:
21 Century Technology plc | Wilson Jennings | Tel: 020 8710 4016 |
www.21stplc.com | Finance Director | |
Daniel Stewart & Company plc | Paul Shackleton/ Noelle Greenaway | Tel: 020 7776 6550 |
(Nomad & Broker) | ||
MHP Communications | Barnaby Fry/Vicky Watkins | Tel: 020 3128 8100 |
Notes to editors:
21st Century Technology plc is the preferred supplier of on-board CCTV systems for Arriva UK Bus and the Go-Ahead Group in the UK and an approved supplier to FirstGroup UK Bus. 21st Century is also the preferred supplier of station platform CCTV systems for the three major UK rail franchises operated by Govia (the joint venture between Go-Ahead and Keolis).
The company has pioneered the use of WiFi with on-board CCTV systems and Transport for London commissioned the company to undertake a trial of 'LiveView' - a system which transmits live CCTV pictures from on board the bus to a public transport and police control centre. 21st Century was also the first company to successfully launch Automatic Video Downloads and a bus CCTV monitoring system (HeartbeatTM) which allow the CCTV manager to remotely download CCTV footage from the bus to his computer and check that all the CCTV systems fitted to his buses are fully operational, without leaving his desk. The company's overhead camera passenger counting device, known as PAS - Passenger Analysis System, links to the ticket machine and enables bus operators to analyse specific bus route ticket sales and passenger numbers.
21st Century's EcoManager product has made a significant contribution to sales since its launch in July 2008. The EcoManager black-box system is aimed at reducing fuel and maintenance costs, reducing emissions and improving safety for bus operators by monitoring individual driving styles against fuel consumption. Following a successful trial, in April 2009 Arriva UK committed to install the device on all their new buses and to retrofit a large proportion of their existing fleet. In November 2009 Arriva North West and Merseytravel won the industry recognised Alexander Dennis Award for Innovation following their installation of the EcoManager system which yielded fuel savings of up to 12%, associated CO2 emission reductions and a 62% reduction in accidents. This was followed in 2010 with a driver safety award for EcoManager presented by the road safety charity, Brake.
For further information go to www.getecomanager.com.