Source - LSE Regulatory
RNS Number : 5924I
Journeo PLC
28 March 2024
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

28 March 2024

                                                                                         Journeo plc                                                                                       

("Journeo, "Company" or "the Group")

£1.5m Passenger Information Systems purchase order

Journeo plc (AIM: JNEO) a leading provider of information systems and technical services to transport operators and authorities, is pleased to announce it has received a £1.5m purchase order from Swansea Council.

 

The purchase order is for the manufacture, installation and maintenance of a range of the latest Journeo Thin-Film Transistor (TFT), Liquid Crystal Display (LCD) and interactive totem technologies.  Approximately 35% of the displays supplied will be Journeo's low-carbon, solar powered TFT in-shelter displays, supporting the authority's drive to achieving Carbon Net Zero by 2050.

 

Displays will initially be connected to Swansea Council's existing Content Management System (CMS), already supplied by Journeo, until the Transport for Wales (TfW) country-wide Welsh Bus Data Content Management System (WBDCMS) is launched, and authority systems migrated, later in the year.

 

The order also contains a deliverable of Journeo's innovative 'RTI anywhere' QR code solution, which will enable passengers to scan QR codes situated at more than 500 bus stops with their personal mobile devices, and receive the latest information on departures for the location in visual and audible formats.

The revenues are included in management's expectations of performance for the current financial year and add to the Company's strong order book, providing further future revenue visibility.

Russ Singleton, Chief Executive of Journeo plc, commented,

 

"We are delighted to see the continued evolution of passenger information estates within Wales, especially Swansea's commitment to delivering information to passengers using low-carbon and no-carbon solutions such as our QR code system. 

 

The investment in technology now will ensure that Swansea have a display estate compatible with both their current system and the latest industry open standards, ready for the migration to the WBDCMS that we will delivering for TfW over the course of the year."

 

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) 203 651 9166



Cenkos Securities Nominated Adviser and Broker

Katy Birkin/ Callum Davidson

 +44 (0) 207 397 8900





Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.

 

The business currently has three operating companies:

·    Journeo Fleet Systems Ltd: 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.

·    Journeo Passenger Systems Ltd: 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.

·    Infotec Ltd: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

·   MultiQ (based in Aarhus, Denmark): full-service provider of Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and Iceland.

·   21st Century AB (based in Stockholm, Sweden): technical services provider to public transport customers in Sweden.

 

In the last 4 years, the Company has invested over £6 million in research and development, enabling it to design and supply powerful innovative 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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