SCISYS PLC ?18m Prime Contractor Win for Space Division (2632U)

TIDMSSY

RNS Number : 2632U

SCISYS PLC

23 October 2017

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014

SCISYS PLC

(AIM: SSY)

EUR18m Prime Contractor win for Space Division

SCISYS PLC ("SCISYS"), the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, is pleased to announce it has been awarded a EUR18m contract by OHB System AG to deliver the ground station control and communications infrastructure for the German national satellite-communications mission, Heinrich Hertz, as prime contractor. The project will commence in 2017 and the majority of project revenues will be delivered between 2018 and the scheduled completion date in 2021.

SCISYS Space will deliver the Heinrich Hertz ground station control and communications infrastructure incorporating our proprietary PLENITER(R) software suite for the planning, implementation, control and operation of complete satellite missions.

One key advantage of the solution is that it offers the potential, where needed, to provide reliable automation technology that complements the conventional, non-automated system elements. This may help make future operations more efficient.

Dr. Horst Wulf, Divisional Director of SCISYS Space, said:

"This great success reflects the outstanding work of SCISYS Space as a partner in the ground segment of many key national and international space missions. Consequently we are now taking a step-change from a subsystem supplier role to being the prime contractor for the full ground segment of an important national space mission. Our state-of-the-art software solution will combine both reliable automation technologies and non-automated software elements."

Klaus Heidrich, CEO of SCISYS, added:

"I am delighted to announce this exceptional win by our Space division. It underscores that our growth strategy in this domain is bearing fruit not least because of the proprietary PLENITER(R) product. My congratulations go out to the entire management and team in our Space division who have been working on this opportunity to finally secure this great success."

For further information please contact:

 
                                          [phone] 
 SCISYS PLC                                466 
---------------------------------------  --------------------------- 
 Mike Love           Chairman 
------------------  -------------------  --------------------------- 
 Klaus Heidrich      Chief Executive 
                      Officer 
------------------  -------------------  --------------------------- 
 Chris Cheetham      Finance Director 
------------------  -------------------  --------------------------- 
 finnCap (NOMAD 
  & Broker)                               [phone] 
---------------------------------------  --------------------------- 
 Julian Blunt        Corporate Finance 
------------------  -------------------  --------------------------- 
 Mia Gardner         Corporate Broking 
------------------  -------------------  --------------------------- 
 WalbrookPR                               [phone] 
  Tom Cooper/Paul                          8780 
  Vann                                     [phone] 
                                           [e-mail] 
---------------------------------------  --------------------------- 
 

About SCISYS:

Employing around 500 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government, Defence and Commerce sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, EUMETSAT, the BBC, RNLI, Interflora and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTLLFIIILLLFID

(END) Dow Jones Newswires

October 23, 2017 02:00 ET (06:00 GMT)