LONDON (ShareCast) - (Sharecast News) - Journeo announced on Friday that its subsidiary Infotec has secured a £0.7m purchase order from Network Rail for the supply of customer information displays for Southeastern Trains stations in the Kent region.
The AIM-traded firm said the purchase was part of a £5m framework agreement secured in 2022, to replace display systems originally supplied by Infotec over the last decade or so.

It said the systems were set to enter production in the coming months, with most of the £0.7m revenue expected to be recognized this financial year.

The purchase order would cover Southeastern Trains stations in the Kent region, including major London stations such as Charing Cross, Waterloo East, Cannon Street, London Bridge, St Pancras International, Victoria, and Blackfriars.

Southeastern Trains has been operated by the Department for Transport since £25m of discrepancies were discovered in the previous franchise, managed by the Go-Ahead Group joint venture Govia.

It manages 164 of the 180 stations in its network, which spans 540 miles.

Journeo said the new display systems would be the latest high-efficiency LED and TFT units, replacing older systems that were originally supplied by Infotec.

The framework agreement covers Southeastern Trains stations in Kent, as well as stations in Sussex served by Govia's Southern, and Wessex served by FirstGroup's South Western Railway.

Purchase orders for the replacements at rail stations in Sussex and Wessex had already been received.

"I am delighted to be making this first announcement related to Infotec since they became part of the Journeo Group in January this year, following a successful placing and acquisition," said chief executive officer of Journeo, Russ Singleton.

"Infotec's Network Rail-approved display systems are designed and manufactured in their Leicestershire factory to meet or exceed stringent reliability and performance criteria and comply with UK rail standards.

"Infotec has a great reputation for quality, a substantial order book and sales pipeline, and an offering of specialist rail market products, services and software capabilities now encompassed within our group."

At 1342 GMT, shares in Journeo were down 1.42% at 139p.

Reporting by Josh White for Sharecast.com.

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