Leeds-based Tracsis gains two major rail contracts

The Leeds-based company said the first award is a further significant contract for the provision of its TRACS Enterprise software product with another major UK rail operator.

In a statement, the company said: "The contract will be delivered over multiple years and is for several million pounds, which includes the renewal of some existing systems already licenced by the customer, plus significant levels of additional functionality through the TRACS Enterprise suite, including the ATTUne timetabling software that was added to the group via the acquisition of Bellvedi Limited in April 2019.

"The contract will not have a major financial impact in the current financial year ending 31 July 2020 but helps to underpin our confidence for the future, and the product suite that has been in significant development in recent years.

"The second win is a major order for the provision of remote condition monitoring technology, plus our associated Centrix software and related support services, to an existing customer. The contract is for several hundred thousand pounds, and will be delivered over the coming months."

"The Rail Technology and Services division continues to operate with high activity levels, and continues to pursue a number of other new opportunities across its range of software offerings."

Chris Barnes, Chief Executive Officer, commented: "We are delighted to have secured these major contracts with two major UK rail customers and look forward to delivering these projects in the months to come.

"The UK rail industry continues to adopt our award winning TRACS Enterprise software and remote condition monitoring technology, both of which can bring significant benefits to the operators, and these latest wins are testament to the strength of our team and quality of our market leading products."

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