Directorate Change

RNS Number : 7750W

Tracsis PLC

31 January 2013

 



Date:	31 January 2013
On behalf of:	Tracsis plc

Tracsis plc

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

Directorate change

Tracsis today announces that Dr Raymond Kwan will bestepping down from the Board of Directors with effect from the 1^st February 2013.  Dr Kwan will continue to work with the Group and play an active role on future product development initiatives and his time commitment with Tracsis will remain unchanged.

The Board of Directors express their sincere thanks and gratitude to Dr Kwan for the significant contribution he has made to Tracsis over the years and look forward to his continued involvement with the Group.

John McArthur, Chief Executive Officer commented

"Raymond was pivotal in starting Tracsis and helping us commercialise ground breaking research from within the University of Leeds.  As a true 'academic entrepreneur' this is an appropriate time in the evolution of the Group for Ray to step down from the Board to allow him to focus on his research and teaching studies unfettered from PLC obligations.  We are delighted that Ray will continue to work with Tracsis in an advisory capacity and we thank him for the huge contribution he has made in getting us to where we are today."

For more information please contact:

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

Notes to editors:

§ Tracsis plc provides the transportation industry with tools to control and optimise critical aspects of resource optimisation and deliverywith the ultimate goal of increasing efficiency, reducing cost and improving performance.

§ The Company addresses these issues through the following divisions:

o  Application software - Tracsis has developed various products to optimise resources, capture data, manage the collated information and report and communicate performance.

o  Embedded software - The Company provides condition monitoring and data logging equipment for the management and maintenance of infrastructure.

o  Professional services - Tracsis advises on key operational and strategic planning problems,providing clients with efficient and best practice solutions to issues faced by transport operators and infrastructure owners.

§ The Company's clients include the majority of UK railway operators, including Network Rail, Virgin Group, Arriva and First Group. Tracsis also works with operators in Europe and Australia.

§ The business drives growth both organically and through acquisition.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

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

 

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