SCISYS Group PLC Contract Win (3578L)

TIDMSSY

RNS Number : 3578L

SCISYS Group PLC

24 December 2018

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

SCISYS Group PLC

Contract win: SCISYS receives EUR3m initial orders for Galileo Ground Segment work

SCISYS Group PLC ("SCISYS" AIM: SSY; ESM: SCC), the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, is pleased to announce that SCISYS Deutschland GmbH has received two initial orders with Thales Alenia Space France for the development and implementation of security-relevant elements within the Galileo Ground Segment.

The total contract value for both elements is EUR3m and the initial orders cover the initial work on the GSMC-U and the POCP-U elements. This contract is awarded under a programme funded by the European Union and does not alter existing market guidance.

SCISYS' Space division in Germany will develop and deliver the GSMC-U element, responsible for the implementation of various security features and mechanisms within Galileo, including the distribution of configurations to the Point of Contact Platforms (POCP-U) in member states. SCISYS' Space division in Germany has also been assigned to develop and deliver the POCP-U element as the local counterpart in all member states to the Galileo Security Monitoring Centre (GSMC). The POCP-U will serve as an interface to the GSMC on national level.

Thales Alenia Space is the prime contractor to the European Space Agency. This significant order underlines SCISYS Space's position as an expert for innovative ground segment solutions and as a long-standing partner of Thales Alenia Space.

Klaus Heidrich, CEO of SCISYS, said:

"We are very pleased with this recent win by our Space division. It adds to our confidence that the future prospects for the Group continue to be encouraging. Well done to all the teams involved."

For further information please contact:

 
 SCISYS Group PLC                                 [phone] 
     Mike Love               Chairman 
                            -------------------  -------------------------- 
     Klaus Heidrich          Chief Executive 
                              Officer 
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     Chris Cheetham          Finance Director 
                            -------------------  -------------------------- 
 finnCap 
  (NOMAD & AIM Broker)                            [phone] 
                                                 -------------------------- 
     Julian Blunt            Corporate Finance 
                            -------------------  -------------------------- 
 Walbrook PR                                      [phone] 
                                                 -------------------------- 
     Tom Cooper/Paul Vann                         [phone] 
                                                 -------------------------- 
                                                  [e-mail] 
 ----------------------------------------------  -------------------------- 
 Davy (ESM Broker)                                [phone] 
                                                 -------------------------- 
      John Frain                                  [e-mail] 
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About SCISYS Group:

Employing around 650 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. The Company's registered office is in Dublin, with UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

This announcement has been released by Natasha Laird, Company Secretary, on behalf of the Company.

The view expressed herein can in no way be taken to reflect the official opinion of the European Union, the European GNSS Agency and/or the European Space Agency. Neither the European Union, the European GNSS Agency nor the European Space Agency shall be held responsible for any use that may be made of the information it contains.

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December 24, 2018 02:00 ET (07:00 GMT)