Purchase Orders
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Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities is pleased to announce that, further to its announcement on 11 March, it has received additional purchase orders totalling £1.1m to supply and install important safety systems on Arriva buses within the Transport for London (TfL) fleet.
The £1.1m purchase orders are to upgrade approximately 150 buses and installations will be carried out over the course of this year and Journeo will provide support for these systems for the remainder of the vehicles' operating life in London of between 4 and 5 years.
Journeo will replace the external vehicle wing-mirrors with the UN R46 approved Journeo CMS which utilises an ultra-low profile camera module mounted externally at high level on each side of the vehicle and the installation of high-definition monitors inside the vehicle.
The revenues are included in management's expectations of performance for the current financial year and add to the Company's strong order book, providing further future revenue visibility.
Russ Singleton: "I am delighted that Arriva have selected our high-performance bus safety systems. These purchase orders are a further validation of Journeo's CMS which is increasingly being adopted by fleet operators throughout the UK where we have installed over 3,000 systems, including 1,000 in London."
A digital copy of this announcement will be available on the Group's website: www.journeo.com.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.