19th Aug 2009 07:00
19 August 2009
21st Century Technology plc
("21st Century", "the Company" or "the Group")
Contract Win - 21st Century Secures New Contract with The Go-Ahead Group plc
21st Century, the vehicle installation service provider supplying public transport CCTV and other monitoring systems, today announces that its subsidiary, 21st Century Technology Solutions Limited, has secured a three year contract to supply The Go-Ahead Group plc ("Go-Ahead') with its on vehicle CCTV for buses and static CCTV for train stations and other commercial premises, along with the management of Go-Ahead's train station platform CCTV installations.
The total contract is estimated to be worth around £6m in sales value over the three years. Sales to Go-Ahead for the year to date total £0.9m.
Chairman Peter Ward commented:
"We are delighted to have been awarded this contract with Go-Ahead. The contract underpins our existing service with them and also extends our field of activities into train station platform CCTV. The award of the contract is a demonstration of our market leading technology and constant innovation in public transport CCTV and vehicle monitoring systems and marks a further development in the successful focusing of the Group on this growth market."
For Further Information:
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21st Century Technology plc |
Nick Grimond, CEO |
020 8710 4016 |
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Wilson Jennings, Finance Director
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Daniel Stewart & Company PLC |
Graham Webster Tessa Smith |
020 7776 6550 |
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Hogarth Partnership Limited |
Barnaby Fry |
020 7357 9477 |
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Vicky Watkins |
Notes to Editor:
Launched in 1993, the company began as Toad plc and was focused on the distribution of in-car entertainment systems and vehicle security products. Under the stewardship of Chairman Peter Ward, former Chairman and CEO of Rolls Royce Motors and Cunard Line, who joined the board at the end of 2001, the Group's strategy has been to reposition itself away from its legacy businesses into markets with better growth potential while leveraging its core strengths - nationwide field force of vehicle electrical engineers, call centre and distribution facilities.
In line with this strategy, in 2005 the company took a controlling stake in 21st Century Crime Prevention Services Ltd which recently merged with fellow subsidiary, Toad (UK) Ltd, to form 21st Century Technology Solutions Ltd ("Solutions"). Solutions is the preferred supplier of on-board CCTV systems for Arriva UK Bus and has pioneered the use of WiFi with on-board CCTV systems. Solutions was also the first company to successfully launch automatic video downloads and a bus CCTV monitoring system (HeartbeatTM).
Solutions' new EcoManager product has contributed significantly to the recent increase in revenue in the Group's Public Transport Solutions division. The EcoManager system, which incorporates a passenger counting facility, is aimed at reducing fuel costs, improving safety and enhancing revenues for bus operators by monitoring driving styles against fuel consumption.
The Company was renamed "TG21 plc" in 2005 and to reflect the repositioning of the group, changed this name to "21st Century Technology plc" in June 2009.
Go-Ahead
Go-Ahead is one of the UK's leading providers of passenger transport services operating in the bus, rail and aviation services sectors. Employing over 27,500 people across the country, around 920 million passenger journeys are undertaken on our services each year. In addition to the travelling public, customers include the Department for Transport (DfT), TfL, local authorities, British Airports Authority (BAA) and major airlines
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