Regulatory news

Regulatory news

North American pilot

Tracsis plc

("Tracsis" or the "Company")

North American pilot

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry is pleased to announce that it has been awarded a feasibility pilot project with a major North American Class 1 Railroad company for potential adoption of its remote condition monitoring technology and associated software.

The project will cover 5 sites within the United States, should conclude within 6 months, and is being delivered in collaboration with a US based technology partner following a successful tendering process. The value of this project will remain undisclosed due to commercial sensitivities.

This award is a significant step forward in the next phase of the Company's overseas growth strategy although Tracsis is keen to stress that at this point in time the feasibility project has no guarantee of future sales.

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc
Tel: 0845 125 9162

Katy Mitchell, WH Ireland Limited
Tel: 0161 832 2174

Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill
Tel: 0207 382 4730
Tracsis@redleafpr.com