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Purchase Order

19th Jun 2025 07:00

RNS Number : 4757N
Journeo PLC
19 June 2025
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

19 June 2025

Journeo plc

("Journeo", or the "Company")

 

 $2.7m purchase order for New York Subway platform display systems

Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities is pleased to announce its subsidiary Infotec has received a $2.7 million purchase order from Outfront Media Group ("OFM") to supply display systems for the New York City Metropolitan Transportation Authority ("MTA").

The MTA is North America's largest transportation network, comprising 472 stations, 665 miles of track and has an annual ridership of over 2 billion throughout New York City, Long Island, southeastern New York State, and Connecticut.

OFM are listed on the New York Stock Exchange (NYSE: OUT) and are one of America's most innovative media companies with high profile capabilities throughout the New York City subway and many other subway and rail stations across the USA.

The purchase order is for the manufacture and supply of double sided and single sided high-definition, wide aspect ratio passenger information displays, using core Journeo technology, for installation on station platforms. Project management will be provided by OFM to oversee the installation of these displays across MTA stations. Installation is due to commence in the fourth quarter of this year and continue throughout H1 2026.

Russ Singleton commented, "I am delighted with the growing relationship between OFM, the MTA and Journeo. This award builds upon our previous success with on-train display solutions in New York and marks the first purchase order for the supply of our innovative station platform displays in the United States. Our ability to meet OFMs and MTAs unique needs for agile and secure systems for critical transport infrastructure demonstrates the continued support we are able to provide to our clients overseas, alongside those in the UK.

A digital copy of this announcement will be available on the Group's website: www.journeo.com.

 

For further information, please contact:

Journeo plcRuss Singleton/ Nick Lowe

+44 (0) 203 651 9166

Cavendish Capital Markets Limited - Nominated Adviser and BrokerKaty Birkin/ Callum Davidson

+44 (0) 207 220 0500

 

 

 

 

Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports, and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.

The business has five operating companies:

· Journeo Fleet Systems: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

· Journeo Passenger Systems: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

· Infotec: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

· Journeo AS (based in Aarhus, Denmark): full-service provider of Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and Iceland.

· Journeo AB (based in Stockholm, Sweden): technical services provider to public transport customers in Sweden.

In the last 4 years, the Company has invested over £6 million in research and development, enabling it to design and supply powerful innovative solutions for customers' complex requirements and the demands of modern public transport. With an Internet of Things ("IoT") approach and open standards, together with field-proven and reliable engineering, Journeo is able to offer flexible, scalable products and services that can integrate with existing technology while preparing for future advancements.

 

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