Gilbarco extends relationship with Cybit

 

TIDMCYH 
 
 
CybIT Holdings PLC 
26 October 2009 
 
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Date: 26 October 2009 
On behalf of:      Cybit Holdings Plc ('Cybit' or 'the Company' or 'the Group') 
Embargoed until:    0700hrs 
 
 
 
 
Cybit Holdings Plc 
Gilbarco extends its relationship with Cybit 
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 Gilbarco, Europe's foremost petrol pump 
maintenance organisation, has signed a contact extension for Europe-wide rollout 
including a further 170 vehicles across the Nordic region. 
This extension follows the successful implemented of Cybit's Fleetstar-Online 
telematics solution throughout the 200-strong UK engineer team and 
Fleetstar-Online is now deployed on Gilbarco's fleet in five countries. 
Gilbarco's service engineers cover a multitude of stations in a large 
geographical area therefore engineer allocation is critical to the success of 
the company, both on planned maintenance and reactive jobs. Fleetstar-Online 
provides total vision over the whole business in real-time 24/7. 
Richard Horsman, Chief Executive of Cybit said: 
"We are delighted to be associated with such a progressive company and 
contribute to delivering their key missions of quality, delivery, value and 
innovation. The extension of the contract with Gilbarco illustrates the benefits 
of Cybit's solutions and outstanding customer service. Cybit is looking forward 
to broadening our relationship with Gilbarco and help them meet their needs 
effectively across Europe." 
David Coombe, European Service Director of Gilbarco said: 
"The UK installation made dramatic improvements to the competitiveness of our 
organisation. Following our acquisition of Autotank Group of Tampere, Finland 
earlier this year we have now deployed Cybit's Fleetstar across a further four 
countries. The key drivers behind our move to vehicle based tracking have been 
to improve engineer productivity; reduce operating costs through better process 
and planning and provide metrics to manage service level agreements with our 
customers. 
"The return on investment was proved rapidly in the UK hence our decision to 
roll out in Europe. Cybit's solutions have given Gilbarco quick wins on cost 
reduction through increased engineer optimisation and strategic allocation of 
resources." 
-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: [phone]   | Tel: [phone]  | Tel: [phone]    | 
|                           |                           | 1930                   | 
+---------------------------+---------------------------+------------------------+ 
|                           | Email:                    |                        | 
|                           | [e-mail]       |                        | 
+---------------------------+---------------------------+------------------------+ 
 
 
Notes to Editors: 
About Gilbarco Veeder-Root: 
Gilbarco Veeder-Root is the UK's largest supplier of forecourt equipment and 
retail solutions to both the retail and commercial sectors. Based in Basildon 
Essex it employees over 400 people and is part of the Global US based Danaher 
Corporation. 
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 
  our 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. 
 
  *  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 location 
  and exploitation of oil, gas and mineral reserves around the globe. 
 
  *  Fleetstar-Online is Cybit's industry leading, scalable suite of Internet-based 
  vehicle tracking tools. The high quality data relating vehicle performance is 
  captured in conjunction with location information reported and analysed through 
  Fleetstar. This allows meaningful business decisions to be made using up to the 
  minute information on operational performance. Powerful reporting capabilities 
  facilitate effective management of operational costs and productivity; support 
  strategic initiatives around Carbon footprint; and increase compliance with 
  legislation including Duty of Care and Health and Safety. The strategic 
  importance of Fleetstar-generated information extends beyond vehicle tracking 
  into the heart of the enterprise: fleet derived information can be directly 
  integrated into a range of business systems to improve the efficiency of the 
  entire organisation. Fleetstar provides the business-critical information that 
  organisations need to execute a clear and rapid path to return on investment. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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