Portfolio news 2012
Tracsis plc - Trialling embedded software in Scandinavia
30 Jul 2012
Tracsis, a developer and aggregator of resource optimisation, data capture and reporting technologies to the transport industries, is pleased to announce that it has commenced field trials of a new on-train condition monitoring system in Scandinavia.
The system being piloted is based on the SA380 data logging technology which is produced by the Tracsis subsidiary MPEC Technology Limited which is already widely deployed throughout the UK. This technology allows for real time monitoring of railway engineering assets and the same system can be employed within rolling stock equipment such as train engines and carriages.
The trial is taking place in partnership with an existing client and marks the possibility of Tracsis entering a new market within the broader transport technology space.
John McArthur, Chief Executive Officer commented:
"I am delighted to see our proven technology making headway into new territories - both geographically and industry wise. We believe that there is a significant opportunity for us to replicate the success we have had in the UK elsewhere and look forward to developing new markets going forward."
For more information please contact:
John McArthur, Tracsis plc Tel: 0845 125 9162
Katy Mitchell, WH Ireland Limited Tel: 0113 394 6618
Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill Tel: 0207 566 6720
Notes to editors:
§ Tracsis plc provides the transportation industry with tools to control and optimise critical aspects of resource optimisation and delivery with the ultimate goal of increasing efficiency, reducing cost and improving performance.
§ The Company addresses these issues through the following divisions:
o Application software - Tracsis has developed various products to optimise resources, capture data, manage the collated information and report and communicate performance.§ The Company's clients include the majority of UK railway operators, including Network Rail, Virgin Group, Arriva and First Group. Tracsis also works with operators in Europe and Australia.
o Embedded software - The Company provides condition monitoring and data logging equipment for the management and maintenance of infrastructure.
o Professional services - Tracsis advises on key operational and strategic planning problems, providing clients with efficient and best practice solutions to issues faced by transport operators and infrastructure owners.
§ The business drives growth both organically and through acquisition.
§ Tracsis listed on AIM in 2007 under ticker TRCS.
§ For more information visit http://www.tracsis.com