26 November
2024
Tracsis plc
("Tracsis" or "the Group")
Preferred bidder status for
the procurement of a PAYG Tap Converter system across GB
rail
Tracsis (LSE: TRCS), a leading
transport technology provider, is pleased to announce that
Rail Settlement Plan Limited (trading as Rail
Delivery Group* in the UK) has taken forward a proposal from
iBlocks Limited (a subsidiary of Tracsis
plc) to Preferred Bidder status for the procurement of a Pay
As You Go (PAYG) Tap Converter system. When operational, the
PAYG Tap Converter system aims to provide a reliable 'best fare'
guarantee for consumers using PAYG ticketing services across GB
rail.
At this point, negotiations remain
on a non-exclusive basis and there is no guarantee that a final
contract will be awarded. Any final contract award will only be
made after concluding contract negotiations and confirmation of
funding from the Government.
*The Rail Delivery Group is a membership
organisation that works on behalf of the UK rail industry to create
a simpler, better railway. Its members are the Train Operating
Companies that make up the rail industry across Britain.
Enquiries:
|
Tracsis plc
Chris Barnes, CEO
Andy Kelly, CFO
|
+44 (0)845 125 9162
|
|
Berenberg (Nominated Adviser, Sole
Broker & Financial Adviser)
Mark Whitmore / Richard Andrews /
Mollie D'Arcy Rice
James Thompson (QE)
|
+44 (0)20 3207 7800
|
|
Alma
Strategic Communications
David
Ison / Rebecca Sanders-Hewett / Joe Pederzolli
|
+44 (0)20 3405 0205
tracsis@almastrategic.com
|
The information contained within this announcement is deemed
by the Company to constitute inside information stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by the
Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the
publication of this announcement via the Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Notes to editors:
· Tracsis
plc is a technology company and a leading provider of software and
hardware products, data capture and data analytics/GIS services for
the rail, traffic data and wider transport industries.
· Tracsis's 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
end-user experience for clients and customers.
· The
Group is split into two principal operating areas built around
detailed industry knowledge and expertise:
- Rail Technology &
Services: A software, technology and product led business. It develops
and supplies 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. It also develops remote
condition monitoring hardware, data acquisition software, and
safety and risk management software for rail infrastructure
providers.
- Data, Analytics, Consultancy
& Events: A largely services led
business that focuses on data capture, data analytics, GIS, earth
observation, data insights, consultancy and event traffic
management within a range of transport and pedestrian rich
environments. The business provides technology and bespoke
products and data that underpin large scale intelligent transport
systems, smart city planning and positive environmental decision
making.
· Tracsis has a
blue-chip client base which includes all major UK transport owning
groups, Network Rail, Passenger and Freight Train Operating
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.
In North America our clients include Class 1 rail freight
companies, transit operators, shortline railroads and several large
rail served ports and industrials.
· The business
drives growth both organically and through acquisition and has made
seventeen acquisitions since 2008.
For more information on Tracsis
please visit http://www.tracsis.com
