Framework Agreement

Journeo plc (AIM: JNEO), a leading provider of intelligent systems for transport networks and critical national infrastructure, is pleased to announce the renewal of its framework agreement with Transport UK London Bus (“Transport UK”).

The Agreement is expected to generate £6m in revenues over a 5-year period and will run through to October 2031.

Transport UK operates 1,000 buses across more than 65 Transport for London services. It is part of the wider Transport UK Group, which also operates regional bus services and major rail contracts throughout the UK.

Under the agreement, Journeo will provide CCTV, vehicle gateway technology and associated equipment for Transport UK’s existing London bus fleet including 70 ancillary vehicles and those entering the fleet. These include newly purchased buses and vehicles transferred from other operators following the award of route contracts through London’s competitive tendering process.

All vehicles will be connected to Journeo’s secure SaaS platform, the Journeo Portal, enabling Transport UK’s incident management teams to retrieve operational data and evidence packs quickly and share information securely with authorised users, including the Metropolitan Police.

Russ Singleton, Chief Executive Officer of Journeo plc, commented:

“We are delighted to extend our relationship with Transport UK for a further five years. Transport UK was among the first operators to adopt the Journeo Portal and our accompanying on-board technology. This renewal reflects the value our solutions deliver in supporting day-to-day operations, helping teams manage incidents efficiently and providing secure access to evidence when it is needed”.

A digital copy of this announcement will be available on the Group’s website: www.journeo.com.