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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 |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCYH CybIT Holdings PLC 02 June 2009 ? Date: 2 June 2009 On behalf of: Cybit Holdings Plc ("Cybit" or "the Company" or "the Group") Embargoed until: 0700hrs Cybit Holdings Plc Cybit awarded contract with Kwik Fit 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 has been selected to provide Kwik Fit Mobile's tyre-fitting vehicles with web-based fleet tracking. The solution will enable Kwik Fit Mobile to manage and analyse mobile worker performance, enhance the organisations employee duty of care provisions and provide a range of customer service enhancements to build on Kwik Fit's fast growing corporate servicing division. The modular approach of Fleetstar-Online provided Kwik Fit with the confidence that the solution can grow alongside use. The use of Cybit's fleet tracking and vehicle data technology to provide real-time vision of the fleet away from base will also provide the capability to underpin strategic business decisions, reducing cost from their fleets in a range of areas, from fuel spend to process and preventative maintenance. Richard Horsman, Chief Executive of Cybit said: "We are delighted to be working with the most prominent brands in the commercial vehicle servicing market, helping them to bring significant benefits to their customers in terms of response times and scheduling. "Telematics is increasingly seen as a valuable cost saving measure, and vital in increasing visibility for a business. This contract is testament to the fact that Cybit is the trusted partner of choice within the telematics sector and we look forward to continuing to impart our strength and experience to our current and future customers." Simon Lucas, Operations Director for Kwik Fit Mobile said: "We found Cybit to be holistic in their approach, which enabled us to address many, if not all, of our concerns around customer service, overhead, managing growth, health and safety and the carbon footprint of our fleet. The solution will impact all across our mobile business. "We will be using the system to manage the allocation of our mobile workforce, ensuring that we allocate the closest and most appropriate resource to a customer's premises. This enables us to provide a customer service that is second to none, thanks to Cybit. We will also be protecting our employees by dynamically monitoring their driving times, speed and behaviour. "Our return on investment will be seen through workforce productivity and fuel cost reduction. Our sector is increasingly competitive and our challenge is to maintain competitive advantage by seeking to reduce costs, improve efficiency and at the same time provide innovative customer service. The range of operational and management tools provided by Cybit's vehicle tracking system will assist us manage this." -ends- For further information, please contact: +----------------------------+----------------------------+------------------------+ | Cybit Holdings Plc | Redleaf Communications | Cenkos Securities Plc | +----------------------------+----------------------------+------------------------+ | Richard Horsman, Chief | Emma Kane/ | Stephen Keys/ | | Executive | | Elizabeth Bowman | +----------------------------+----------------------------+------------------------+ | Kevin Lawrence, Finance | Rebecca Sanders-Hewett / | | | Director | Anna Dunkin | | +----------------------------+----------------------------+------------------------+ | Tel: +44 (0)1480 455489 | Tel: +44 (0)20 7566 6700 | Tel: +44 (0)20 7397 | | | | 1930 | +----------------------------+----------------------------+------------------------+ | | Email: cybit@redleafpr.com | | +----------------------------+----------------------------+------------------------+ 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 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. * Cybit's Fleetstar-Online works via an unobtrusive GPS device located inside the vehicle that provides real-time positioning information which is transmitted via O2's GPRS network to Cybit's servers. This data is processed into a broad spectrum of user defined and configurable reports, providing real-time fleet visualisation or historical analysis. The system can be accessed from any web-connected PC. This information is provided by RNS The company news service from the London Stock Exchange END NRAEASKFESXNEFE
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