Tracsis secures two major rail contracts for its software
TRACSIS, THE software company that works to ensure trains run on time, has been awarded two major rail contracts.
The Leeds-based firm said the first award is a significant contract for the provision of its TRACS Enterprise software product with a major UK rail operator.
The contract will be delivered over multiple years and is for several million pounds. The second win is a major order for the provision of remote condition monitoring technology.
Tracsis said the first contract 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.
The contract will not have a major financial impact in the current financial year ending
July 31. However, Tracsis said it will help to underpin the group’s confidence for the future and the product suite that has been in significant development in recent years.
Tracsis said the second award will include its 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.
Tracsis, a leading provider of software, hardware and services for the rail, traffic data and wider transport industries, said its 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, Tracsis’ chief executive, said: “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.” Analyst Andrew Darley at FinnCap said: “While forecasts remain suspended because of the effect of Covid-19, there is still clear evidence of business as usual within the rail technology customer base.
“We reiterate our confidence in Tracsis, with the RT&S model proving resilient in lockdown and the T&DS model ready for reinvigoration in 2021.”