Tracsis starts trial in Scandinavia

The Leeds University spin-out, whose software can prevent train derailments and delays, told shareholders today that the system, which monitors railway engineering assets, is based on data logging technology, which is produced by the Tracsis subsidiary MPEC Technology and is already used in the UK.

This technology can be used within rolling stock equipment such as train engines and carriages, said Tracsis.

John McArthur, chief executive, said: “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.”

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”, said the company.

Last month, the Leeds-based firm announced its third profit upgrade this year.