SCISYS Group PLC Contract win (1723N)
January 16 2019 - 2:00AM
UK Regulatory
TIDMSSY
RNS Number : 1723N
SCISYS Group PLC
16 January 2019
The information communicated in this announcement includes
inside information for the purposes of Article 7 of Regulation
596/2014
SCISYS Group PLC
Contract win: SCISYS builds Performance Assessment Facility for
EGNOS V3
SCISYS Group PLC ("SCISYS" - AIM: SSY; ESM: SCC), the supplier
of bespoke software systems, IT-based solutions and support
services to the space, media & broadcast, government, defence
and commerce sectors, is pleased to announce that SCISYS
Deutschland GmbH has been awarded a contract with AIRBUS Defence
and Space for development, integration, verification and
maintenance of the EGNOS V3 Performance Assessment Facility
(PAF).
The total contract value is expected to be EUR1.32 million, with
delivery commencing in January 2019 and expected to last until July
2025. This contract is under a programme funded by the European
Union and the European Space Agency and provides further valuable
underpinning to SCISYS' existing market guidance.
Satellite-based augmentation systems such as EGNOS improve
positioning accuracy. EGNOS comprises a network of over 40 ground
stations across Europe, which analyse data from navigation
satellites and send correction data to receivers via Galileo
satellites. The main purpose of the PAF is to receive, analyse and
process performance-related satellite navigation data and to create
consolidated status reports for ground segment operators. SCISYS'
Space division in Germany will provide a solution for the PAF to
enable detailed performance monitoring of 40 ranging and monitoring
stations.
This further contract win underpins SCISYS Space's position as
proven and well recognised experts in the field of satellite
navigation and as a leading provider of integrated solutions.
Klaus Heidrich, CEO of SCISYS, said:
"We are delighted with this further contract win by our Space
division, which concludes the recent series of Space contact wins
which together provide an important endorsement of the Board's
decision last year to redomicile SCISYS' parent company to Dublin.
This step has enabled us to protect EU funded work and puts the
SCISYS group in a solid position to navigate Brexit going
forward.
Congratulations to all of the teams involved.
"With our strong involvement in EGNOS and Galileo, we are one of
the leading partners in Europe's independent satellite navigation
programmes. The future prospects of the Group continue to look
highly encouraging."
For further information please contact:
SCISYS Group PLC +44 (0)1249 466 466
Mike Love Chairman
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Klaus Heidrich Chief Executive
Officer
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Chris Cheetham Finance Director
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finnCap
(NOMAD & AIM Broker) +44 (0)20 7220 0500
--------------------------
Julian Blunt/James Corporate Finance
Thompson
Andrew Burdis Corporate Broking
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Walbrook PR +44 (0)20 7933 8780
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Tom Cooper/Paul Vann +44 (0)797 122 1972
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tom.cooper@walbrookpr.com
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Davy (ESM Broker) +353 1 679 6363
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John Frain john.frain@davy.ie
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About SCISYS Group:
Employing around 650 staff, SCISYS Group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations. Customers
include the Environment Agency, the Ministry of Defence, Airbus
Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the
European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI,
Pets at Home, Siemens and the National Trust. The Company's
registered office is in Dublin, with UK offices in Chippenham,
Bristol, Leicester and Reading and German offices in Bochum,
Dortmund, Darmstadt and Munich. More information is available at
www.scisys.co.uk.
This announcement has been released by Natasha Laird, Company
Secretary, on behalf of the Company.
Views expressed herein can in no way be taken to reflect the
official opinion of Airbus, the European Union, the GSA and/or the
European Space Agency (ESA). The ESA logo can be downloaded at
http://webservices.esa.int/ESA_Logo/index.php.
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contact rns@lseg.com or visit www.rns.com.
END
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