SCISYS Group PLC Contract win (1723N)

TIDMSSY

RNS Number : 1723N

SCISYS Group PLC

16 January 2019

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 builds Performance Assessment Facility for EGNOS V3

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 been awarded a contract with AIRBUS Defence and Space for development, integration, verification and maintenance of the EGNOS V3 Performance Assessment Facility (PAF).

The total contract value is expected to be EUR1.32 million, with delivery commencing in January 2019 and expected to last until July 2025. This contract is under a programme funded by the European Union and the European Space Agency and provides further valuable underpinning to SCISYS' existing market guidance.

Satellite-based augmentation systems such as EGNOS improve positioning accuracy. EGNOS comprises a network of over 40 ground stations across Europe, which analyse data from navigation satellites and send correction data to receivers via Galileo satellites. The main purpose of the PAF is to receive, analyse and process performance-related satellite navigation data and to create consolidated status reports for ground segment operators. SCISYS' Space division in Germany will provide a solution for the PAF to enable detailed performance monitoring of 40 ranging and monitoring stations.

This further contract win underpins SCISYS Space's position as proven and well recognised experts in the field of satellite navigation and as a leading provider of integrated solutions.

Klaus Heidrich, CEO of SCISYS, said:

"We are delighted with this further contract win by our Space division, which concludes the recent series of Space contact wins which together provide an important endorsement of the Board's decision last year to redomicile SCISYS' parent company to Dublin. This step has enabled us to protect EU funded work and puts the SCISYS group in a solid position to navigate Brexit going forward.

Congratulations to all of the teams involved.

"With our strong involvement in EGNOS and Galileo, we are one of the leading partners in Europe's independent satellite navigation programmes. The future prospects of the Group continue to look highly encouraging."

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/James      Corporate Finance 
      Thompson 
 
      Andrew Burdis           Corporate Broking 
                            --------------------  -------------------------- 
 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.

Views expressed herein can in no way be taken to reflect the official opinion of Airbus, the European Union, the GSA and/or the European Space Agency (ESA). The ESA logo can be downloaded at http://webservices.esa.int/ESA_Logo/index.php.

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January 16, 2019 02:00 ET (07:00 GMT)