Share Name Share Symbol Market Type Share ISIN Share Description
Journeo Plc LSE:JNEO London Ordinary Share GB00BKP51V79 ORD 6.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 108.00 103.00 113.00 108.00 108.00 108.00 3 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 11.4 -0.9 -1.1 - 9

Journeo PLC Contract Award

15/09/2021 7:00am

UK Regulatory (RNS & others)

Journeo (LSE:JNEO)
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RNS Number : 7840L

Journeo PLC

15 September 2021

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

15 September 2021

Journeo plc

("Journeo", "Company" or "the Group")

Contract award - Airport bussing management software and passenger information systems

Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased announce that it has signed a contract with Transdev Airport Services to provide real-time information systems and on-vehicle hardware for public and staff shuttle services used across car parks and inter-terminal operations at a major UK international airport.

The total value, including software and support services over the five-year term is expected to be GBP2.5m. Delivery of the first tranche of new vehicles is due to commence in the first quarter of 2022, with approximately GBP1m of Journeo's equipment, software and services being commissioned during FY2022.

Journeo will be providing its latest airport car park and inter-terminal operation management software which allows systems installed on-board vehicles, including new android-based interactive driver terminals, CCTV, Wi-Fi and passenger counting systems to communicate in real-time with the Journeo Transit Portal, a highly secure and scalable SaaS solution.

Transdev are a world-class player in the mobility market with 83,000 employees, 42,000 vehicles and operations in 17 countries. They provide 11 million passenger trips a day and are committed to the production of unrestricted, environmentally friendly forms of travel suitable for all types of passenger. With a growing market share in airport mobility, they are leaders in the airport shuttle segment in the USA and have been providing mobility solutions at airports in the UK for over 50 years.

Russ Singleton, Chief Executive of Journeo plc, commented: "This is the third UK airport, following on from Gatwick and Stansted, where our products, software and real time information management are being deployed to improve the passenger travel experience as part of a drive to enhance airport mobility".

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

For further information, please contact:

Journeo plc 
 Russ Singleton/ Nick Lowe                   +44 (0) 844 871 7990 
WH Ireland - Nominated Adviser and Broker 
 Mike Coe                                    +44 (0) 117 945 3470 

Notes to editors:

Journeo plc is an information systems and technical services business focussed on public transport and related infrastructure within towns, cities, airports, and local authorities. The Company works extensively with local government departments, combined authorities, and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable smarter-cities future.

The business currently comprises two segments:

-- Fleet operator solutions: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

-- Passenger transport infrastructure solutions: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

In the last few years, the Company has invested around GBP5m in research and development, enabling it to design and supply the very best solutions for customers' complex requirements and the demands of modern public transport. With an Internet of Things (IoT) approach and open standards, together with field-proven and reliable engineering, Journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.

- Ends -

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(END) Dow Jones Newswires

September 15, 2021 02:00 ET (06:00 GMT)

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