Tracsis PLC Response to Williams-Shapps Plan for UK Rail (3596Z)

TIDMTRCS

RNS Number : 3596Z

Tracsis PLC

21 May 2021

21 May 2021

Tracsis plc

("Tracsis" or "the Group")

Response to Williams-Shapps Plan for Rail in the UK

Tracsis, a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, welcomes the long-awaited Williams-Shapps Plan for Rail in the UK.

The Department for Transport has now published the Williams-Shapps Plan for Rail, which is available to view here: https://www.gov.uk/government/publications/great-british-railways-williams-shapps-plan-for-rail . The report p rovides strategic direction for the rail industry in the UK and will focus on the delivery of a modern, improved experience for passenger and freight customers under a new public body called Great British Railways which will oversee rail transport in Great Britain . The organisation will replace Network Rail as the operator of rail infrastructure, and will also control the contracting of train operations, the setting of fares and timetables and the collection of fare revenue. Within the new structure, passenger and freight operators will remain private and will focus on performance improvement, expanding customer choice and improving the overall customer experience. The new approach will see a greater focus on passenger and freight customers, the delivery of an increasingly safe and reliable rail network and greater integration across different transport modes (rail, bus etc.) whilst prioritising innovation in new technologies.

Recent strategic investments made across the Tracsis Group in both new technology and acquisition appear to be well aligned with the future direction of the rail industry. With the rail industry focused on improving safety, improving timetabling and on time train performance, increasing pre-emptive/asset condition maintenance and accelerating innovation in areas like pay as you go smart ticketing and delay repay, Tracsis is well positioned to benefit from the commitment to greater innovation and investment in a digital railway. This is currently reflected in our pipeline of new opportunities.

Chris Barnes, Chief Executive Officer, commented:

"Tracsis has a long-established reputation as a fast-to-market innovator of products that make a fundamental difference to the performance and safety of the rail industry . We are therefore looking forward to working in partnership with Great British Railways and passenger and freight operators to help the industry deliver its strategic vision for the future".

 
 Enquiries: 
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 Chris Barnes, CEO 
 Andy Kelly, CFO 
 
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 Christopher Raggett/Charlie Beeson, Corporate Finance 
 Andrew Burdis, Corporate Broking 
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Notes to editors:

-- Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytic/GIS services for the rail, traffic data and wider transport industries.

-- Tracsis' products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall customer experience for clients and customers.

-- The Group is split into two principle operating areas built around detailed industry knowledge and expertise:

- Rail Technology & Services: Software and technology/product led business. Develops remote condition monitoring hardware, data acquisition software and safety and risk management software for rail infrastructure providers. Software that solves complex resource, asset optimisation and control problems for Train Operators and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users.

- Data, Analytics, Consultancy & Events : A largely services led business that focuses on data capture, data analytics, GIS, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments. The business provides technology/bespoke products and data that underpins large scale intelligent transport system and smart city planning and decision making.

-- Tracsis has a blue-chip client base which includes all major UK transport owning Groups. The business also works extensively with Network Rail, Train Operating Groups and Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies.

-- The business drives growth both organically and through acquisition and has made fifteen acquisitions since 2008.

For more information on Tracsis please visit http://www.tracsis.com

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May 21, 2021 02:00 ET (06:00 GMT)