RNS Reach
3 April 2023
Journeo plc
("Journeo, "Company" or "the Group")
East Midlands Airport software and information systems
Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to announce that it has received a purchase order from First Bus to provide real-time on-vehicle hardware and in-shelter information display systems for shuttle services used to transfer passengers from the car parks at East Midlands airport to the terminal.
First Bus have now commenced services at East Midlands Airport, providing a fleet of buses to service the two main car parks. The initial purchase order of £0.16m allows Journeo to commence the project and plan for the installation and delivery phase of the project. The total contract value is expected to be £0.3m including software and support services over a five-year term.
Journeo will be providing software and systems to support and enhance the passenger experience using high resolution displays to inform passengers within the car parks and when travelling on the buses regarding their journey. First Bus users will benefit from Journeo's Service Delivery Management software, which empowers users to make real time decisions to manage the operation of their fleet using the Journeo technology fitted to the vehicle and server algorithms to predict journey times, punctuality, and service adherence.
Russ Singleton, Chief Executive of Journeo plc, commented: "East Midlands Airport is the fifth implementation of our real time information management and SLA adherence solution. Our software, displays technology and real time information solutions are already established at Gatwick, Stansted, and Heathrow airports and are soon to be installed at Dublin airport, enhancing the passenger transport experience and assisting the operators in delivering safe and efficient transfers".
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) 203 651 9166 |
| |
Cenkos Securities - Nominated Adviser and Broker Katy Birkin/ Callum Davidson | +44 (0) 207 397 8900 |
| |
Notes to editors:
Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.
The business currently has three operating companies:
· Journeo Fleet Systems Ltd: 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.
· Journeo Passenger Systems Ltd: 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.
· Infotec Ltd: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.
In the last 4 years, the Company has invested over £5 million in research and development, enabling it to design and supply powerful innovative 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.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.