Purchase Order
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Journeo plc (AIM: JNEO) a leading provider of information systems and technical services to transport operators and authorities, is pleased to announce it has received a purchase order for £2.1m from Metroline Manchester for the provision of its on-board bus safety systems and cloud-based SaaS services.
Journeo will install the latest high-definition digital CCTV systems on approximately 300 new vehicles that are due to enter service in January 2025. Each vehicle will be fitted with a Journeo Edge gateway, providing a secure connection to cloud-based services within the Journeo Portal. This enables authorised incident investigators to access video evidence on-demand, whilst also providing health monitoring tools to engineering teams to ensure vehicle systems remain fully operational. The purchase order also includes the first year of monthly SaaS licences and field maintenance, demonstrating Journeo's capability to provide design, installation, software and on-going support services.
Metroline Manchester, part of ComfortDelGro have been awarded contracts to operate four franchises in Greater Manchester by Greater Manchester Combined Authority (GMCA).
It is anticipated that the majority of the work will be completed by Journeo by December 2024 which is 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. Provision of the software licenses and support will continue throughout 2025.
Metroline also operate 1500 buses from 12 garages across London where Journeo CCTV and Camera Monitoring System "CMS" is specified for all new buses entering the fleet.
Russ Singleton, Chief Executive of Journeo plc, commented:
"I am delighted that Metroline Manchester have selected our technology, software and services for their four franchised routes in the GMCA region to enhance driver and passenger safety, with secure remote access to their on-board systems for incident management.
This purchase order further extends our partnership with ComfortDelGro Group, providing safety critical vehicle systems across their UK transport companies".
A digital copy of this announcement will be available on the Group's website: www.journeo.com.
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