Contract Award

RNS Number : 8743E

Tracsis PLC

07 June 2012

Tracsis plc

("Tracsis" or the "Company")

Contract award

Tracsis, a developer and aggregator of resource optimisation, data capture and reporting technologies to the transport industries, is pleased to announce that it has secured a key order for consultancy services and software with a major UK passenger transport group.

The contract, with a value in excess of £300K, will be delivered over a period of some 9 months running from mid 2012 through to early 2013 with good potential to be extended. This will deliver revenue to Tracsis in both the current FY11/12 and FY12/13 financial years.

Under the agreement, the customer will purchase software licences for a variety of Tracsis' optimisation tools namely TrainTRACS, TRACSRoster and TRACS-RS along with the provision of various strategic and operational planning consultancy services.

John McArthur, Chief Executive Officer commented "This is another great contract win for the Group and I'm pleased that our proven optimisation technology will be delivered alongside a sizeable professional services element. Looking ahead I believe these sorts of larger agreements combining technology and consultancy services will become increasingly popular with our customer base. Tracsis continues to build a reputation for delivering long term benefit to our target markets."

For more information please contact: