Contract Award

Journeo PLC

07 January 2025

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

7 January 2025

Journeo plc

("Journeo", or the "Company")

 £1.4m contract award from Stoke City Council

Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities is pleased to announce a £1.4m contract award for the supply and support of real time passenger information technology and software from Stoke City Council as part of its £10m Bus Service Improvement Plan, funded by the Department for Transport.

The contract extends the provision of digital access to scheduled and real time departure information across the city's transport network and includes delivery, installation and maintenance of Journeo's latest double-sided Thin Film Transistor (TFT) displays to key transport corridors within the region, to further support the promotion of public transport services. 

The TFT displays will include discreet, pinhole CCTV to protect the assets and improve safety for lone passengers, and those travelling at night.

Journeo will also be supplying innovative infrastructure-free real time information QR codes, which enable passengers with an internet connected device to scan a code to receive the latest dynamic scheduled and real time passenger information. 

Russ Singleton commented, "We are delighted to continue our relationship with Stoke City Council.  Not only will residents and visitors to key transport corridors benefit from the enhanced experience of safe public transport coupled with real time departure information, our innovative solutions are helping our customers better understand where to target future investment to get the most value."    

A digital copy of this announcement will be available on the Group's website: www.journeo.com.

For further information, please contact:

Journeo plc Russ Singleton/ Nick Lowe	[phone]
Cavendish Capital Markets Limited - Nominated Adviser and Broker Katy Birkin/ Callum Davidson	[phone]

Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports, and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.

The business has five operating companies:

·    Journeo Fleet Systems: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

·    Journeo Passenger Systems: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

·    Infotec: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

·    Journeo AS (based in Aarhus, Denmark): full-service provider of Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and Iceland.

·    Journeo AB (based in Stockholm, Sweden): technical services provider to public transport customers in Sweden.

In the last 4 years, the Company has invested over £6 million in research and development, enabling it to design and supply powerful innovative solutions for customers' complex requirements and the demands of modern public transport. With an Internet of Things ("IoT") approach and open standards, together with field-proven and reliable engineering, Journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.

 

END