REG - Journeo PLC - Purchase Order

JourneoAnnouncement

16/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250416:nRSP1855Fa&default-theme=true

RNS Number : 1855F  Journeo PLC  16 April 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation (2014/596) which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time.

16 April 2025

Journeo plc

 

("Journeo", or the "Company")

 

 $2.5m purchase order for New York Subway Cars display systems

Journeo plc (AIM: JNEO), a leading provider of information systems and
technical services to transport operators and local authorities is pleased to
announce its subsidiary, Infotec has received a $2.5million purchase order
from Outfront Media Group ("OFM") to supply displays for the New York City
Metropolitan Transportation Authority ("MTA").

The MTA is North America's largest transportation network, serving a
population of 15.3 million people across a 5,000-square-mile travel
area surrounding New York City, Long Island, southeastern New York State, and
Connecticut. The MTA network comprises the largest bus fleet and more subway
and commuter rail cars than all other U.S. transit systems combined.

The purchase order is for the supply of approximately 600 high-definition
optically bonded displays in two special configurations. The displays are due
to be manufactured during the course of this year and will be used by OFM for
further installations and as hot-swap replacements on the 535 subway cars
previously installed with Infotec displays.

The two form factors are critical to OFM and the MTA for communicating travel
information and promotional material.  Wide aspect ratio displays are mounted
at high level, close to the ceiling for showing advertising and other
information about MTA services, and square aspect ratio displays mounted on
the car walls, adjacent to the doors to show high quality video advertising,
travel and other promotional information.

OFM are listed on the New York Stock Exchange (NYSE:OUT) and are one of
America's most innovative media companies, with 2,300 employees and revenues
of $1.8billion. They are known for their innovative approach to blending
digital technology with traditional advertising formats. Their campaigns often
include high-visibility locations in urban areas, transportation hubs, and
retail districts, targeting a broad audience with impactful advertising
messages.

Russ Singleton commented, "We have a dedicated team providing support to OFM
and their end customer the MTA and are delighted to continue to build on this
relationship as we provide more of our high-performance optically bonded
display systems for deployment on the New York City subway network".

A digital copy of this announcement will be available on the Group's website:
www.journeo.com (http://www.journeo.com/) .

 

For further information, please contact:

 Journeo plc                                                       +44 (0) 203 651 9166

Russ Singleton/ Nick Lowe
 Cavendish Capital Markets Limited - Nominated Adviser and Broker  +44 (0) 207 220 0500

Katy Birkin/ Callum Davidson

 

 

Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering
solutions in towns, cities, airports, and the public transport networks that
connect them. The Company works extensively with local and combined
authorities, Network Rail and many of the largest multinational transport
operators, supporting them as systems converge towards a more efficient and
sustainable future.

The business has five operating companies:

·    Journeo Fleet Systems: CCTV video surveillance to improve passenger
& driver safety, telematics for vehicle and driver performance monitoring,
real-time communications for remote condition monitoring and automatic
passenger counting.

·    Journeo Passenger Systems: design, manufacture, installation, and
management of hardware and software for electronic public transport
information systems, in and around towns, cities, ferry terminals and airports
which includes smart-ticketing and wayfinding.

·    Infotec: design, advanced manufacture, installation and software
management of information displays hardware for rail applications in stations,
on-platform and on-vehicle.

·    Journeo AS (based in Aarhus, Denmark): full-service provider of
Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and
Iceland.

·    Journeo AB (based in Stockholm, Sweden): technical services provider
to public transport customers in Sweden.

In the last 4 years, the Company has invested over £6 million in research and
development, enabling it to design and supply powerful innovative solutions
for customers' complex requirements and the demands of modern public
transport. With an Internet of Things ("IoT") approach and open standards,
together with field-proven and reliable engineering, Journeo is able to offer
flexible, scalable products and services that can integrate with existing
technology while preparing for future advancements.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBCGDSBXBDGUU