Business
Contract Win
Contract Win.
About this update from Journeo Plc
[{"type":"text","content":"\n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.\n \n \n \n 31 March 2023\n \n \n \n Journeo plc\n \n \n \n (\"Journeo, \"Company\" or \"the Group\")\n \n \n \n £0.6m Software and Services upgrade for CrossCountry Rail\n \n \n \n Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to announce a £0.6m contract with CrossCountry Rail to upgrade legacy forward facing camera (\"FFCCTV\") systems and provide three-years' support and licencing for its advanced Journeo Portal software.\n \n \n \n \n \n The legacy systems were installed by Journeo in 2012, and under the new contract, 58 Voyager trains and 29 Turbostar trains, each with FFCCTV systems at both ends of the trains, are to be upgraded.\n \n \n CrossCountry is a Train Operating Company with 139 trains owned by the Arriva Group. It has the most extensive rail network franchise in the UK covering around 1,400 miles and calls at over one hundred stations, stretching from Aberdeen to Penzance, and from Stansted to Cardiff and provides express and long-distance rail services between many major towns and cities outside London.\n \n \n The upgraded camera systems and advanced Journeo Portal software will provide CrossCountry, Network Rail and the British Transport Police with direct access to view the FFCCTV for fast incident management.\n \n \n It is anticipated that approximately £0.3m revenue will be recognised this financial year\n and this contract in conjunction with other recent wins, supports the Company's medium term growth expectations.\n \n \n \n \n \n Russ Singleton, Chief Executive of Journeo plc, commented: \"We are delighted to be awarded this contract to upgrade the FFCCTV systems that have been working for over 10-years with new, higher performance systems. The Journeo Portal incorporates powerful AI and machine learning principles to connect multiple manufacturers' on-train equipment and sensors to enable legacy and new systems to be monitored and maintained through our secure and powerful software application.\"\n \n \n \...