21st Century Technology PLC Exclusive distribution agreement (1089G)

TIDMC21

RNS Number : 1089G

21st Century Technology PLC

02 November 2018

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

21st Century Technology plc

("21st Century" or the "Group")

Exclusive distribution agreement for SMARTVISION: mirrorless rear-view camera monitoring system

21(st) Century Technology plc (AIM: C21), the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off vehicle, is pleased to announce a strategically important and exclusive distribution agreement with Safety Tech, a subsidiary of Vision Systems France, for the SMARTVISION 'mirrorless' Camera Monitoring System (CMS) for Bus and Coach operators and Original Equipment Manufacturers (OEMs) throughout the UK. In addition, under the agreement, the Group's subsidiary 21(st) Century AB in Stockholm has exclusivity to supply SMARTVISION directly to the Bus and Coach operators throughout Sweden.

The CMS comprises a number of high-definition digital cameras and monitors that replace traditional wing mirrors that improve visibility, reduce the risk of accidents and lower lifetime running costs of the vehicle.

The SMARTVISION CMS is the only one of its kind approved by the Vehicle Certification Agency (VCA) in the UK and is currently available as OEM. The certification required for retro-fit programmes is currently being pursued.

The SMARTVISION CMS is an important step towards the Transport for London (TfL) VISION ZERO commitment to eliminate death and serious injury involving buses. By 2020 it is anticipated that CMS will become compulsory on many TfL vehicles, with other regions to follow suit. It is already being offered as an option on new vehicles from UK manufacturers, enabling operators to get a head-start on making their vehicles safer for passengers, the public and drivers alike

About SMARTVISION CMS

Vehicles are fitted with rugged enclosures that each contain two High Definition (HD) cameras showing Class II (Standard) and Class IV (Wide-angle) view on driver screens that are mounted internally within the cab area.

By using digital cameras in place of mirrors, the CMS not only removes the lateral blind spots, it also automatically adjusts to reduce glare and improves the visibility at night and in wet conditions. The cameras also re-focus to adapt to rain drops or dirt on the lenses and an optional camera heater module keeps them clear of ice or fog.

Importantly, the system greatly reduces the risk of collisions with other road users, pedestrians, street furniture and trees. Furthermore, because the cameras are much smaller than traditional wing mirrors, the CMS reduces drag and even improves fuel efficiency.

Russ Singleton, Chief Executive Officer of 21(st) Century, said: "We have been working with Safety Tech, on this strategically important and revolutionary new safety solution for over two years and we are delighted today to be announcing a 3-year exclusive distribution agreement for the UK and Sweden. It is a major step forward for C21 in helping PTEs and operators improve public transport safety and fulfilling H&S policy. As part of our agreement we will also be providing design services to the vehicle manufacturers to ensure the system is correctly installed for every vehicle type."

A digital copy of this announcement will be available on the Group's website: www.21stplc.com

Enquiries:

 
21st Century Technology        Russ Singleton - CEO               Tel: [phone] 
 plc 
finnCap 
Nominated Adviser              Julian Blunt/Scott Mathieson       Tel: [phone] 
Media enquiries 
Communications Portfolio       Ariane Comstive                    Tel: [phone] 
                                                                   354 
 

Notes to editors:

'Connected Systems for Connected Journeys'

21st Century Technology is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle. Comprised of a Fleet Systems division and a Passenger Systems division, 21st Century Technology provides integrated solutions both on and off the vehicle to deliver 'connected systems for connected journeys'.

Fleet Systems: include CCTV video surveillance; to improve passenger & driver safety, vehicle & driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting.

Passenger Systems: include the design & manufacture of all the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.

With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative, cost-effective technology lead solutions to improve the passenger experience and provide operational benefits to fleet and network operators.

Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.

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November 02, 2018 03:00 ET (07:00 GMT)