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CybIT Holdings PLC (CYH)

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Friday 11 September, 2009

CybIT Holdings PLC

Assignment of Telematics Cont

RNS Number : 8899Y
CybIT Holdings PLC
11 September 2009

Date:                              11 September 2009

On behalf of:                  Cybit Holdings plc ('Cybit', 'the Company', or 'the Group')

Embargoed until:           0700hrs

Cybit Holdings plc

Assignment of Telematics Contracts  

Cybit Holdings Plc (AIM: CYH), a leading international provider of telematics based products and services for the management and control of land and sea based assets, is pleased to announce that its subsidiary Cybit Ltd has been assigned contracts to provide telematics services to customers of Integra Telematics, a subsidiary of GDS Mobile Communications Limited (GDS).

GDS, the mobile communications specialist based in Glasgow, is moving away from developing telematics based products and services in order to focus on its core business of providing mobile radio communications. In doing so, GDS has chosen to assign Integra's telematics contracts to Cybit owing to the scope of Cybit's solutions, stability as a service provider and the high standard of service provided to its customers.

Integra's customer base includes a significant number of infrastructure providers in the local government and construction sectors as well as five large Scottish councils. The addition of these contracts will consolidate Cybit's position as one of the leading providers of telematics solutions to Scottish based customers. As part of the deal, GDS will become a reseller and installer of Cybit solutions.

Richard Horsman, Chief Executive Officer of Cybit Holdings Plc, said:

"GDS's decision assigning these telematics contracts to Cybit is a clear indication that the Company is seen as the logical choice for any business looking to refocus core activities. 

"These contracts give us access to a valuable client base and will strengthen Cybit's position in Scotland, building the Company's local profile and market share. This further demonstrates our ability to identify opportunities quickly whilst continuing to provide our customers with a high standard of service." 

George Kolasinski (GK), Managing Director of Integra Telematics Limited, commented:

"The current challenging market conditions have meant that we decided to put our focus back onto the wider mobile communications market, and sought to offer our clients a safe choice for their continued telematics services.

"We identified Cybit as the leading player in the market and therefore are satisfied that it is the safe alternative for our customers. We are pleased that our customers are going to receive the benefits of working with a world class company such as Cybit and know that the service provided will be second to none."

- Ends -


Cybit Holdings plc 

Richard Horsman, CEO / Kevin LawrenceFD

Tel: +44 (0) 8456 027123

Redleaf Communications Ltd 

[email protected] 

Emma Kane / Rebecca Sanders-Hewett/ Anna Dunkin

Tel: +44 (0)20 7566 6700

Cenkos Securities

Stephen Keys / Liz Bowman

Tel: +44 (0)20 7397 8900

Notes to Editors: 

  • Cybit operates within three core sectors: Vehicle Telematics Solutions; Maritime Solutions; and Private Mobile Radio (PMR) based tracking and precise positioning solutions. Its products and services enable companies to monitor and position mobile assets, manage service level agreements, enhance employee duty of care and compliance with relevant legislation.

  • In the Vehicle Telematics sector, Cybit is one of Europe's leading Telematics Service Providers (TSPs). Approximately 2,000 business-to-business clients use its fleet and asset management solutions to manage more than 50,000 mobile assets. Solutions include in-vehicle technologies, workflow management and internet-based monitoring and reporting software. The Company also provides consultancy services providing advice on legal issues such as duty of care and working hours.

  • Cybit's Maritime Solutions business, BlueFinger, is recognised as one of the world's leading suppliers of Fisheries Vessel Monitoring Systems. BlueFinger provides fisheries authorities with the necessary tools for managing their licensed fishing fleets and coordinating the activity of the fisheries patrol vessels that enforce national fisheries policies throughout the Economic Exclusion Zone (EEZ). BlueFinger's Saffire-Online system is a solution that allows race organisers to track the position, direction and speed of vessels in ocean going or inshore races.  

  • Our PMR business, Cybit Positioning Solutions, provides asset-tracking and security solutions for both maritime and land-based applications, including exploration and mining. Our precise positioning solutions assist in the tracking of vessels and other equipment engaged in the exploitation of oil, gas and mineral reserves around the globe.


This information is provided by RNS
The company news service from the London Stock Exchange

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