08 January 14
("Tracsis" or the "Company")
Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce that it has received a significant order for its Remote Condition Monitoring equipment.
The initial order, which has been placed through the five year Framework Agreement announced on the 21st October 2013, comes from an existing UK client and has a value of £2.2m. It will be fulfilled within the current financial year as per an agreed delivery schedule with the customer.
An order of this magnitude provides the Group with additional confidence in meeting current market expectations.
John McArthur, Chief Executive Officer commented:
"We are delighted to have won this further major order, which is testament to the quality of the technology solutions we provide and our excellent working relations within the rail industry. Given the magnitude of this order, we believe Tracsis is well placed to win further contracts of this nature both within the UK and overseas."
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