Journeo (LSE:JNEO) has won £1.6m in purchase orders from Enerveo, the highways subcontractor to Cornwall Council, to upgrade and extend real-time passenger information systems across Cornwall. The project will deploy Journeo’s latest open-standards hardware alongside its cloud-based Journeo Portal platform.
The contract includes the replacement of 267 existing legacy displays and the installation of a further 177 new units. These will comprise a mix of high-definition TFT screens and ultra-low power, solar-powered E-ink displays designed for both urban and rural environments. In addition, QR code–based Digital Code Management will be rolled out at 250 bus stops, enabling passengers to access near-carbon-free real-time information while generating data to help inform future transport investment decisions. Around £1m of the contract value is expected to be recognised in the current financial year, with associated software licensing and support revenues extending through to April 2030.
The award reinforces Journeo’s role in upgrading regional transport infrastructure and supporting initiatives aimed at increasing public transport usage through improved accessibility and sustainability.
From a market perspective, Journeo’s outlook is underpinned by solid financial performance and positive corporate developments that highlight growth opportunities and customer confidence. While technical indicators point to some short-term weakness, valuation levels remain supportive of a favourable longer-term investment case.
More about Journeo
Journeo plc is a UK-based intelligent systems provider serving transport networks and critical national infrastructure. Operating through six subsidiaries, the group delivers solutions including fleet CCTV and telematics, passenger information systems, rail display hardware, and security technologies for critical sites, alongside intelligent transport systems and technical services. Journeo operates across the UK, Denmark, Sweden and Iceland and has invested more than £6m in research and development over the past four years to build IoT-enabled, open-standards platforms designed to integrate with existing infrastructure and support future technological advances.
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