Framework agreement contract extension

RNS Number : 7520U

Journeo PLC

07 December 2021

 

  07 December 2021

Journeo plc

("Journeo", "Company" or "the Group")

Framework agreement contract extension

Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to report a 1-year extension to a framework agreement with Arriva UK Bus which is expected to generate £1.6m in revenue.

The extension, which will continue to April 2023, includes the provision of high-definition CCTV systems and nationwide engineering support, along with technical design, new technology evaluation and project management services.

Russ Singleton, Chief Executive Officer of Journeo plc, commented: "We are delighted to continue the long-standing relationship with Arriva UK Bus through this framework contract extension. Our safety critical CCTV and associated on-board IT systems are designed to assist Arriva in protecting their passengers, drivers and members of the public and enhance the passenger travel experience".

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]
WH Ireland  - Nominated Adviser and Broker Mike Coe/ Sarah Mather	[phone]

Notes to editors:

Journeo plc is an information systems and technical services business focussed on public transport and related infrastructure within towns, cities, airports, and local authorities. The Company works extensively with local government departments, combined authorities, and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable smarter-cities future.

The business currently comprises two segments:

· Fleet operator solutions: 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.

· Passenger transport infrastructure solutions: 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.

In the last few years, the Company has invested over £5m in research and development, enabling it to design and supply advanced 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.

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