£2m Passenger Information Systems Purchase order
Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, is pleased to announce it has received a £2m purchase order from a Northern Transport Partnership.
The purchase order builds on previously announced orders for Journeo's Thin-Film Transistor (TFT) and Liquid Cystal Display (LCD) technologies, connected to Journeo's content management software, extending the roll out programme of Journeo technologies into an expanding network of transport corridors.
The purchase order is included in management's expectations of performance for FY23 and FY24 and adds to the Company's strong order book, providing future revenue visibility and reflecting the Group's strengthening market position.
Russ Singleton, Chief Executive of Journeo plc, commented:
"We are delighted to continue this strong working relationship with a customer that has a clear vision to enhance and improve the provision of transport information across the region, for the benefit of the travelling public. Their investment in our technology is enabling them to provide powerful and usable supplementary information to passengers using their transport network, such as complex and advanced disruption information, which is in turn enabling them to deliver on the commitments made in their Bus Service Improvement Plan."
A digital copy of this announcement will be available on the Group's website: www.journeo.com.