North American pilot

RNS Number : 9683S

Tracsis PLC

14 November 2013

 



Tracsis plc

("Tracsis" or the "Company")

North American pilot

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 awarded a feasibility pilot project with a major North American Class 1 Railroad company for potential adoption of its remote condition monitoring technology and associated software.

 The project will cover 5 sites within the United States, should conclude within 6 months, and is being delivered in collaboration with a US based technology partner following a successful tendering process.  The value of this project will remain undisclosed due to commercial sensitivities.

This award is a significant step forward in the next phase of the Company's overseas growth strategy although Tracsis is keen to stress that at this point in time the feasibility project has no guarantee of future sales.

For more information please contact:

John McArthur/Max Cawthra, 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: 

§ 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:

-  Software and technology led consulting: Industry strength resource optimisation software that
 covers a variety of asset classes working alongside consulting and related professional services
 across the operational and strategic planning horizon.

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

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

§ 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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