Tracsis PLC Contract Win (0952R)
March 04 2021 - 01:00AM
UK Regulatory
TIDMTRCS
RNS Number : 0952R
Tracsis PLC
04 March 2021
4 March 2021
Tracsis plc
("Tracsis" or "the Group")
North American Remote Condition Monitoring Contract Win
Tracsis, a leading provider of software, hardware, data
analytics/GIS and services for the rail, traffic data and wider
transport industries, is pleased to announce it has been awarded
new contracts for the supply of Remote Conditioning Monitoring
('RCM') Hardware and Software to a major North American transit
agency.
This win represents a strategically important milestone for
Tracsis, as North America is an important future growth market for
our Rail Technology & Services division.
The first contract win is the result of the successful delivery
during 2020 of a Proof of Concept which was followed by an RCM
equipment rollout across an initial four sites monitoring c.40
Switch machines. This new contract win includes the enterprise-wide
installation of our Centrix data acquisition software platform and
the extension to a further 10 sites of RCM equipment which will
monitor an additional c.140 Switch machines. Further phases of work
across multiple additional sites could follow dependent upon the
successful ongoing roll-out of this program of work.
The second contract win for the same client is to again supply
switch monitoring via our hardware and Centrix platform for a
further c.45 Switch machines through a strategic Signalling renewal
and station upgrade project.
The combination of these two contracts will combine to give RCM
for over 200 Switch machines for this client.
These new contract wins are expected to be delivered during the
remainder of this financial year.
Chris Barnes, Chief Executive Officer, commented:
"MPEC Technology has a very strong market position in the UK
rail industry as a leading supplier of RCM software and hardware. A
key strategic objective of the Tracsis Group is to expand this
business into North America and these new contract wins with a
major transit agency are an important further step in building
momentum towards this goal."
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate
Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405 0205
David Ison/Helena Bogle/Joe Pederzolli tracsis@almapr.co.uk
Notes to editors:
-- Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytic/GIS
services for the rail, traffic data and wider transport
industries.
-- Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk, improve operational and asset
performance, improve safety management and decision making
capabilities and improve the overall customer experience for
clients and customers.
-- The Group is split into two principle operating areas built
around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and
technology/product led business. Develops remote condition
monitoring hardware, data acquisition software and safety and risk
management software for rail infrastructure providers. Software
that solves complex resource, asset optimisation and control
problems for Train Operators and Smart Ticketing, Delay Repay and
other retail software to improve the customer experience for rail
users.
- Data, Analytics, Consultancy & Events : A largely services
led business that focuses on data capture, data analytics, GIS,
data insights, consultancy and event traffic management within a
range of transport and pedestrian rich environments. The business
provides technology/bespoke products and data that underpins large
scale intelligent transport system and smart city planning and
decision making.
-- Tracsis has a blue-chip client base which includes all major
UK transport owning Groups. The business also works extensively
with Network Rail, Train Operating Groups and Companies, the
Department for Transport, TfL, multiple local authorities, major
outdoor music and sporting event organisers, and a wide variety of
large engineering and infrastructure companies.
-- The business drives growth both organically and through
acquisition and has made fifteen acquisitions since 2008.
-- For more information on Tracsis please visit http://www.tracsis.com
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