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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 |
RNS Number:4868M CybIT Holdings PLC 19 May 2005 Cybit Holdings PLC ("Cybit" or "the Group") CYBIT SECURES TWO SIGNIFICANT GPRS FLEETSTAR-ONLINE CONTRACTS WORTH IN EXCESS OF #500k Cybit, one of the UK's leading online telematics service providers, today announces that it has secured two large Fleetstar-Online contracts with Flogas and EMR (European Metal Recycling) which will utilise the real-time, GPRS (General Packet Radio Service) capabilities of Fleetstar-Online. The contracts are initially for 330 units and represent revenues to the company in excess of #500k. The majority of the revenues will be recognised in the current financial period. When combined with always on GPRS technology, the market leading Fleetstar-Online provides powerful real-time vehicle location monitoring. The GPRS Fleetstar-Online technology platform gives continual positional updates, providing advanced vehicle tracking and reporting. This allows detailed 24/7 feedback on the position and performance - location, speed and direction - of vehicles, enabling real-time reporting through the extremely tight matching of GPS positions to mapping. Flogas and EMR will use the system to monitor their fleets and assets in real-time, giving managers the ability to implement next generation telematics capabilities. Flogas UK Ltd. is one of the largest LPG (Liquid Petroleum Gas) suppliers in the UK delivering to thousands of customers through a nationwide network. Flogas will be implementing 105 Fleetstar-Online GPRS units linked to onboard vehicle systems. They will also be installing Smartnav off board intelligent satellite navigation to provide drivers with speech-based directions and live traffic updates. EMR is one of the world's largest recycling companies - and the largest in the UK. It handles over 8.5 million tonnes of scrap metal at 65 sites, mainly based in the UK and is responsible for over half of the vehicles recycled in the UK. EMR operates a sophisticated logistics network ideally suited to making use of the Fleetstar-Online platform. GPRS units will be fitted to 225 of their vehicles. Richard Horsman, Cybit's CEO, commented: "Fleetstar-Online is all about improving efficiency and costs within the constraints of the new Working Time Directive. The Fleetstar-Online fleet and asset management platform is both scalable and flexible providing companies with the real-time information that they need to run their businesses. The solution offers a substantial return on investment to both small and large companies alike. We are delighted to be working with both EMR and Flogas and look forward to supporting them as they build upon their position as leaders in their respective fields." 19 May 2005 Enquiries: College Hill Mark Garraway/Stephen Davie 020 7457 2020 Notes to Editors: About Fleetstar-Online: Fleetstar-Online is Cybit's scalable Internet-based telematics solution that features real-time vehicle tracking, exception reporting, replay mode, customised reports, mileage information, SMS messaging and live traffic information. Fleet vehicles are fitted with a small electronic in-vehicle-unit (IVU) which is tracked by GPS in real-time and data transmitted to Cybit's online control centre. It provides companies with a cost-effective ASP-based fleet management solution, which offers users anytime, anywhere access to the system via a standard web browser. Fleetstar-Online also features added value solutions support, with fully integrated Smartnav satellite navigation and RAC Trackstar Plus stolen vehicle recovery system functionality. About Cybit: Cybit is a leading Internet-based Telematics Service Provider (TSP) and supplier of fleet and asset management solutions to the business-to-business sector. Cybit's solutions portfolio includes vehicle tracking and management, lone worker support and car pool management. Hundreds of companies across a wide range of industries already use Cybit's online solutions to improve the management and control of their fixed and mobile assets. Additional information is available at www.cybit.co.uk This information is provided by RNS The company news service from the London Stock Exchange END CNTDGGMKNRDGKZM
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