Award of Framework Agreement

RNS Number : 9002Q

Tracsis PLC

21 October 2013

 



Tracsis plc

("Tracsis"; the "Company" or "the Group")

Award of Framework Agreement

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce that it has been selected to continue with a significant Framework Agreement for its condition monitoring technology with a major UK customer.

This agreement  will be extended for a period of 5 years and grants preferred supplier status.  Whilst the agreement does not provide assurances on the timing or quantum of future orders, previous custom under the same agreement has been significant.

John McArthur, Chief Executive Officer commented 

"We are delighted to have secured this Framework Agreement renewal for a further 5 years which we believe will lead to further orders of our condition monitoring technology in the fullness of time. The successful renewal is testament to the quality of the technology we supply and our excellent working relationship with our customers."

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc	Tel: [phone]
Katy Mitchell/Dan Bate, WH Ireland Limited	Tel: [phone]
Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill	Tel: [phone] [e-mail]

Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§ The Company offers the following services:

-  Data Capture: Collation and analytical services within traffic and pedestrian rich environments.

-  Software: Industry strength resource optimisation software that covers a variety of asset classes.

-  Remote Condition Monitoring: Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

-  Professional Services: Consulting and related professional services across the operational and strategic planning horizon.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators such as Arriva, First, Stagecoach, Go-Ahead, National Express and Virgin.  The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, and a variety of large engineering/infrastructure companies.

§ Tracsis has offices in the UK and Australia which service projects in Europe and Australasia.

§ The business drives growth both organically and through acquisition and has made five acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com

 

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