Framework Agreement
CFDS subsidiary secures £5m four-year framework agreement with UK utility company for infrastructure protection services.
- Framework Agreement value up to £5 million
- Framework Agreement duration four years
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Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators, local authorities, and the public transport networks that connect them, is pleased to announce that its recently acquired subsidiary, Crime and Fire Defence Systems Limited ("CFDS"), a specialist integrator of physical and cyber security solutions for the UK Critical National Infrastructure, Defence, and Utilities markets, has secured a four-year framework agreement, valued at up to £5 million with a UK utility company (the "Framework Agreement").
Under the Framework Agreement, CFDS will deliver complex, high-security infrastructure protection services across multiple sites applying its specialist expertise to safeguard critical assets and ensure the continued resilience and integrity of operations.
Russ Singleton, Chief Executive Officer, commented:
"We are delighted to have secured this important Framework Agreement which further strengthens CFDS's position as a trusted partner in the protection of the UK's critical infrastructure. Having recently acquired CFDS, this award provides strong early validation of the strategic rationale for the transaction and demonstrates the value of their specialist expertise in physical and cyber security. The four-year programme provides a solid foundation for growth and reflects the confidence that major utilities place in the Group's ability to deliver robust, innovative solutions".
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.