Tracsis enters the rail freight planning market

RNS Number : 4403X

Tracsis PLC

08 February 2013

 



Date:	8 February 2013
On behalf of:	Tracsis plc
Embargoed until:	0700hrs

Tracsis plc

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

Tracsis enters the rail freight planning market

Tracsis is pleased to announce that it has signed an agreement with a major UK rail freight operator to supply a customised version of its TrainTRACS crew scheduling software. The contract is for the provision of software, support and additional development work and will run for three years with annual reviews.  This transaction marks Tracsis' entry into the rail freight market.

John McArthur, Chief Executive Officer commented:

"This contract is a significant milestone for Tracsis and demonstrates our long held belief that our planning software is applicable to other transport verticals. The rail freight market holds a great opportunity for the Group both in the UK and overseas and is a sector that is not burdened by the current hiatus relating to passenger franchising. We are confident this will be the first of a number of sales to freight operators, and hope to develop other complementary products to these customers in the fullness of time."

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

 

END

 

 

NRAUGUQAPUPWPGM