Journeo receives purchase order from Metroline Manchester

29th Jul 2024 10:40

(Sharecast News) - Technology group Journeo said on Monday that it had secured a £2.1m bus safety systems and software purchase order from Metroline Manchester.

Journeo will provide Metroline Manchester with its on-board bus safety systems and cloud-based SaaS services, with the majority of the work to be completed by December.

The AIM-listed group stated the work was included in management expectations for the current trading year and added to the its "strong order book", providing further future revenue visibility. Provision of the software licenses and support will continue throughout 2025.

Chief executive Russ Singleton said: "I am delighted that Metroline Manchester have selected our technology, software and services for their four franchised routes in the GMCA region to enhance driver and passenger safety, with secure remote access to their on-board systems for incident management.

"This purchase order further extends our partnership with ComfortDelGro Group, providing safety critical vehicle systems across their UK transport companies".

As of 1040 BST, Journeo shares were up 1.05% at 225.35p.

Reporting by Iain Gilbert at Sharecast.com