SCISYS - Wins £2m contract for TfL’s Future Bus programme

Hamilton, Bermuda: 20 September, 2018 - In a filing with the Bermuda Stock Exchange (“BSX”) SCISYS PLC, an AIM listed company whose Secured Loan Note Programme is listed on the BSX,announced a £2m contract for TfL’s Future Bus programme.  The full filing stated:

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014

SCISYS PLC

(SSY: AIM)

SCISYS wins £2m contract for TfL’s Future Bus programme   

SCISYS PLC ("SCISYS" or “Company”), the supplier of software systems, IT-based solutions and support services to the transport, media, broadcast, government, defence and space sectors, is pleased to announce that it has signed a contract for circa £2m with Trapeze Group (UK) Limited (“Trapeze”). The contract is to provide software design, development and support services to Transport for London (TfL) for its timetabling and scheduling as part of its Future Bus Systems programme.

This project will provide the software tools and capability for TfL to continue to deliver a reliable, accessible and high-quality bus network across London. The development phase of the contract will be followed by a long-term support and maintenance contract.  SCISYS will be delivering data-migration services, collaboration and document management functions to Trapeze (with Trapeze appointed as prime to TfL), as well as systems integration services. 

Andy Whitehead, SCISYS divisional director, said:

"This is an excellent win with a strategically important customer. This extends our portfolio of transport contracts and demonstrates our ability to deliver complex business systems."

Klaus Heidrich, CEO of SCISYS, added: 

"We are delighted to be contributing to TfL’s Future Bus Systems programme. This demonstrates the depth of SCISYS’ specialist knowledge in the transport domain and supports the positive outlook for the Company."

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About SCISYS:

Employing around 580 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, Pets at Home, Siemens and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.