SCISYS Group PLC Contract Win (0185M)
January 03 2019 - 1:00AM
UK Regulatory
TIDMSSY
RNS Number : 0185M
SCISYS Group PLC
03 January 2019
The information communicated in this announcement includes
inside information for the purposes of Article 7 of Regulation
596/2014
SCISYS Group PLC
Contract win: SCISYS secures EUR5m Galileo contract
SCISYS Group PLC ("SCISYS" - AIM: SSY; ESM: SCC), the supplier
of bespoke software systems, IT-based solutions and support
services to the space, media & broadcast, government, defence
and commerce sectors, is pleased to announce that SCISYS
Deutschland GmbH has been awarded a contract with GMV in Spain for
the continuation and further enhancement of three elements in the
Galileo Ground Control Segment (GCS).
The total contract value is for EUR5m and the contract will
commence this month, continuing until December 2020. This contract
is awarded under a programme funded by the European Union and the
European Space Agency. It is included in existing market
guidance.
Galileo is Europe's own global navigation satellite system,
providing a highly accurate, guaranteed global positioning service
under civilian control. GMV is the prime contractor for the Ground
Control System (GCS) to the European Space Agency. This contract
win underlines SCISYS Space's position as an expert software
supplier to Galileo.
SCISYS' Space division in Germany will progress the evolution
and maintenance of three key elements within the GCS under the Full
Operational Capability phase. This involves enhanced functions,
improved security and cyber resilience capabilities in the next
phase of the Galileo programme. GCS elements are fundamental in
order to monitor and control the Galileo Satellite Constellation
including the related ground functions.
Klaus Heidrich, CEO of SCISYS, said:
"We are once again delighted with this further significant
contract win for the Galileo project which follows other recently
announced Galileo contract awards. My thanks go out to the SCISYS
team responsible for winning this important work.
This further contract win underlies the strong position that
SCISYS Space holds in the European Space industry."
For further information please contact:
SCISYS Group PLC +44 (0)1249 466 466
Mike Love Chairman
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Klaus Heidrich Chief Executive
Officer
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Chris Cheetham Finance Director
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finnCap
(NOMAD & AIM Broker) +44 (0)20 7220 0500
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Julian Blunt Corporate Finance
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Walbrook PR +44 (0)20 7933 8780
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Tom Cooper/Paul Vann +44 (0)797 122 1972
--------------------------
tom.cooper@walbrookpr.com
---------------------------------------------- --------------------------
Davy (ESM Broker) +353 1 679 6363
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John Frain john.frain@davy.ie
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About SCISYS Group:
Employing around 650 staff, SCISYS Group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations. Customers
include the Environment Agency, the Ministry of Defence, Airbus
Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the
European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI,
Pets at Home, Siemens and the National Trust. The Company's
registered office is in Dublin, with UK offices in Chippenham,
Bristol, Leicester and Reading and German offices in Bochum,
Dortmund, Darmstadt and Munich. More information is available at
www.scisys.co.uk.
This announcement has been released by Natasha Laird, Company
Secretary, on behalf of the Company.
Views expressed herein can in no way be taken to reflect the
official opinion of the European Space Agency (ESA). The ESA logo
can be downloaded at
http://webservices.esa.int/ESA_Logo/index.php.
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 or visit www.rns.com.
END
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