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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cybit Hldgs | LSE:CYH | London | Ordinary Share | GB00B04QS651 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 73.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
TIDMCYH CybIT Holdings PLC 06 August 2009 ? Date: 6 July 2009 On behalf of: Cybit Holdings Plc ('Cybit' or 'the Company' or 'the Group') Embargoed until: 0700hrs Cybit Holdings Plc Cybit working with DEFRA to promote long-term sustainable fisheries management Cybit Holdings Plc (AIM: CYH), the international provider of telematics based products and services for the management and control of land and sea based assets, is pleased to announce that it's subsidiary, BlueFinger Ltd, is assisting DEFRA in its promotion of long-term sustainable fisheries management. BlueFinger is providing the shoreside components of the UK's Electronic Recording and Reporting of Fishing Activity System which assists in the conservation and sustainable exploitation of fish stocks under the EU Common Fisheries Policy. DEFRA's selection of the BlueFinger solution is the realisation of a broader international effort to combat illegal fishing. The use of new technology will be a major asset when it comes to monitoring fishing activities and quota compliance. The Electronic Reporting System (ERS) will record, report and process all catch related fishieries data including species, landing, transhipment and sales. The information will be updated online by the master of the fishing vessel and transmitted automatically to the responsible authorities. Adam Jarrett of DEFRA, commented: "By replacing paper based systems, the accuracy of the data available to government advisors and the scientific community will improve. We will also provide commercial fisheries with improved marketability of their catch making it harder for illegally caught fish to be sold therefore protecting the licensed fleet. "These measures are fundamental to tackling illegal fishing practices and to the overall long-term sustainability of our natural resources. The economic rights of our coastline are also protected with great visibility and transparency that this new solution provides" Richard Horsman, Chief Executive of Cybit, said: "BlueFinger, as part of the Cybit Group, has gained a worldwide reputation for the successful development and implementation of vessel tracking solutions and fishery Economic Exclusion Zone protection. Our expertise in this field combined with our track record in the provision of advanced software solutions has been instrumental in the extension of our 12-year relationship with DEFRA. "Cybit's expertise and sustained relationships in this division of the business illustrates the strength of the business as a whole, and is testament to the fact that Cybit is seen as the partner of choice in this arena." -ends- For further information, please contact: +----------------------------+----------------------------+------------------------+ | Cybit Holdings Plc | Redleaf Communications | Cenkos Securities Plc | +----------------------------+----------------------------+------------------------+ | Richard Horsman, | Emma Kane/ | Stephen Keys/ | | Chief Executive | Rebecca Sanders-Hewett / | Elizabeth Bowman | +----------------------------+----------------------------+------------------------+ | Kevin Lawrence, | Anna Dunkin | | | Finance Director | | | +----------------------------+----------------------------+------------------------+ | Tel: +44 (0)1480 455489 | Tel: +44 (0)20 7566 6700 | Tel: +44 (0)20 7397 | | | | 1930 | +----------------------------+----------------------------+------------------------+ | | Email: cybit@redleafpr.com | | +----------------------------+----------------------------+------------------------+ Notes to Editors: About BlueFinger * The BlueFinger designed database will hold full catch and sales records of every vessel over 15 meters in length and make this data available 24/7 via any web-connected PC. * BlueFinger's provision of ERS and real-time access to catch reporting by buyers, sellers and authorities is managed by DEFRA on behalf of the Marine & Fisheries Agency, Marine Scotland, the Department of Agriculture in Northern Ireland and the Welsh Assembly Government. * All vessels greater than 24 metres in length will be required this year to electronically record and transmit logbook data on a daily basis. The same requirement will apply to all EU fishing vessels greater than 15 metres in length from 2011. * The UK fishing fleet of circa 6,500 vessels lands over 614,000 tonnes of fish and shellfish annually. ERS is a key component of managing the long-term viability and protection of UK fishing grounds, species stock management and an industry employing over 16,000 frontline workers. The Electronic Recording and Reporting of Fishing Activity is part of a pan-European project commissioned and funded in part by the EU. About Cybit * 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 comply with 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 consulting services to advise 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 the fisheries authority with the necessary tools for managing their licensed fishing fleets and coordinating the activity of the fisheries patrol vessels that enforce national fisheries policy throughout an Economic Exclusion Zone (EEZ). BlueFinger's Saffire-Online system is ideal for race organisers to track the position, direction and speed of each vessel in ocean going or inshore races. * The Company's PMR business, Cybit Positioning Solutions, provides asset-tracking and security solutions for both maritime and land-based applications including exploration and mining. Cybit's precise positioning solutions assist in the location and 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 END NRAILFIRTTIEIIA
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