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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 |
CybIT Holdings PLC 15 July 2008 Date: 15 July 2008 On behalf of: Cybit Holdings Plc ("Cybit" or "the Company" or "the Group") Embargoed until: 0700hrs Cybit Holdings Plc Cybit Awarded Five-Year Highways Agency Contract Cybit, the international provider of telematics based products and services for the management and control of land and sea based assets, has been awarded a five-year contract by the Highways Agency to track and monitor over 400 winter service vehicles. Cybit's winter maintenance tracking solution will be supplied on the Highways Agency's new winter service fleet which is responsible for keeping all England's motorway and major A roads free from snow and ice in winter. The first vehicles will be on the road this autumn and the remainder are being delivered over the next four years. The Highways Agency's contractors will have local visibility of the fleet's activity, access to a real-time national view of the fleet as well as detailed performance management information. Through the provision of Cybit's fleet tracking solution, the Highways Agency will be able to monitor route treatment progress in real-time and provide customers with more reliable information on road conditions. The telematics system gives the contractors the ability to monitor location-based information, monitor planned versus actual activity, to react to problems and to be confident that roads have been adequately treated. The system also records whether the vehicles are spreading, the rate of and pattern of spreading, width and lane position, and ploughing. Cybit will also provide a range of performance reports and historical analysis to the Highways Agency to assist them in monitoring service levels. In addition to the Highways Agency contract, Cybit now works with over 60 local authorities and 20 governments internationally. Richard Horsman, Cybit's Chief Executive commented: "This contract award demonstrates the value of providing a company division dedicated to the public sector. The Company's experience with winter maintenance applications is second to none and it is pleasing that we are able to offer a solution and service back-up that exceeds the Highways Agency's standards. The contract award consolidates Cybit's position as the leading player in the supply of telematics and fleet tracking service to government and local authorities." Martin Hobbs, Strategy and Policy Group Leader of the Highways Agency added: "Cybit was awarded the contract by the Highways Agency having completed a rigorous selection process in competition with the other providers of winter maintenance solutions. Cybit's Government & Local Authority Division was able to demonstrate total focus and understanding of our requirements. Their scale and experience of working on similar projects gives us confidence that they will deliver a class-leading service and return best value to the Highways Agency and our stakeholders." -ends- For further information please contact: Cybit Holdings Plc Redleaf Communications Cenkos Securities Plc Richard Horsman, Chief Emma Kane/Samantha Robbins/ Stephen Keys Executive Kevin Lawrence, Finance Rebecca Sanders-Hewett Tel: +44 (0)20 7397 1930 Director Tel: +44 (0)1480 455489 Tel: +44 (0)20 7822 0200 Email: Cybit@redleafpr.com Notes to Editors: * Cybit operates within three core sectors: Internet-based vehicle Telematics solutions; Economic Exclusion Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset 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). More than 1,700 business-to-business clients use its fleet and asset management solutions to manage in excess of 46,000 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. * Its PMR business, Cybit Positioning Solutions, provides asset-tracking solutions for both maritime and land-based applications including exploration and mining. Its precise positioning solutions assist in the location and exploitation of oil, gas and mineral reserves around the globe. This information is provided by RNS The company news service from the London Stock Exchange END NRARIMFTMMTBBBP
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