Leeds software firm Tracsis wins two 'milestone' North American contracts

Software firm Tracsis has announced new contract wins for the supply of Remote Conditioning Monitoring (RCM) hardware and software to a major North American transit agency.

Tracsis offers train companies remote condition monitoring.

The deal represents a strategically important milestone for the Leeds-based business, which provides software, hardware, data analytics and services for the rail, traffic data and wider transport industries, as it views North America an important future growth market for its Rail Technology & Services division.

Chris Barnes, CEO of Tracsis, said: "MPEC Technology has a very strong market position in the UK rail industry as a leading supplier of RCM software and hardware.

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"A key strategic objective of the Tracsis Group is to expand this business into North America and these new contract wins with a major transit agency are an important further step in building momentum towards this goal."

The first contract win is the result of the successful delivery during 2020 of a proof of concept which was followed by an RCM equipment rollout across an initial four sites monitoring around 40 switch machines.

This new contract win includes the enterprise-wide installation of our Centrix data acquisition software platform and the extension to a further 10 sites of RCM equipment which will monitor an additional circa 140 switch machines.

Further phases of work across multiple additional sites could follow dependent upon the successful ongoing roll-out of this program of work, the firm said.

The second contract win for the same client is to again supply switch monitoring via the firm's hardware and Centrix platform for a further circa 45 switch machines through a strategic signalling renewal and station upgrade project.

Tracsis said these new contract wins are expected to be delivered during the remainder of this financial year.

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