Business
Renewal of Exclusive Distribution Agreement
Renewal of Exclusive Distribution Agreement.
About this update from Journeo Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9739F\n Journeo PLC\n 25 March 2022\n \n \n \n \n 25 March 2022\n \n \n Journeo plc\n \n \n (\"Journeo\", \"Company\" or \"the Group\")\n \n \n \n \n \n Renewal of Exclusive Distribution Agreement for mirrorless rear-view camera monitoring\n \n \n \n \n \n Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, \n is pleased to announce the renewal of the exclusive distribution agreement with Safety Tech, a subsidiary of Vision Systems France, for the Journeo 'mirrorless' Camera Monitoring System (CMS) for bus and coach operators and original equipment manufacturers (OEMs) throughout the UK. Details of the original agreement were announced by the Company on 2 November 2018.\n \n \n \n \n \n In addition, under the terms of the new 3-year agreement, the Company are also able to supply Journeo CMS to specialist vehicle providers and to bus and coach operators throughout Sweden via the Company's subsidiary 21st Century AB based in Stockholm. The first installation in Stockholm is scheduled to complete this month before going into service with Arriva Sweden for evaluation. \n \n \n Journeo CMS has been installed on over 1,000 buses across 27 fleet operators and is the market-leading solution of its type for buses in the UK. Comprising a number of high-definition digital cameras and monitors, it replaces the traditional external wing mirrors to improve visibility, reduce the risk of accidents and reduce lifetime running costs of the vehicle. \n In January 2022, Journeo CMS was the first system to be retrofitted to an Alexander Dennis E400 vehicle already in service with Nottingham City Transport. The installation enables operators and authorities to evaluate the benefits of upgrading legacy vehicles to assist in achieving their goals of improving safety for passengers and other road users. In London, TfL's Vision Zero programme requirements now mandate that CMS, rather than wing mirrors, be installed on all new London buses entering service.\n Russ Singleton, Chief Executive Officer commented:\n \"We are delighted with the performance, reliability and adoption of the Journeo CMS safety system by an increasing number of fleet operators. It consistently delivers high-quality images in all driving conditions an...