Contract Win
January 03 2007 - 2:00AM
UK Regulatory
RNS Number:8393O
CybIT Holdings PLC
03 January 2007
3rd January 2007
Cybit Plc
BlueFinger providing #1m Fisheries Vessel Monitoring System to Thales UK
Cybit (AIM:CYH), a leading Telematics Service Provider, announces that its
BlueFinger subsidiary has been selected by Thales UK to supply a fisheries
Vessel Monitoring System (VMS) worth more than #1m as part of a larger system
that Thales will deliver to a client in Africa.
BlueFinger is one of the world's leading suppliers of Economic Exclusion Zone
management systems that cover all aspects of coastal surveillance, monitoring
and control. Its maritime telematics solutions are used by government agencies
to protect and manage sovereign assets including valuable fish stocks.
The contract with Thales requires BlueFinger to install VMS management software
at a number of key client locations. The software will be used to track 400
fishing vessels, each of which will carry a tamperproof satellite tracking
transponder also supplied by BlueFinger.
The system will utilise the Inmarsat satellite network to report fishing vessel
position data, derived from the Global Positioning System (GPS). The Inmarsat
communications service will be used also to provide fishery patrol vessels with
important operational information taken from the VMS management software ashore.
The contract also requires BlueFinger to supply software to enable the
transponder-derived information from the fishing vessels to be correlated with
radar information taken from existing navigation radars situated along the
coastline. The VMS management segment is due to be installed over the next six
months, with the transponders being installed shortly thereafter. The complete
system is scheduled to be operational by mid-2007.
BlueFinger was acquired by Cybit for #1.6m in June 2006 and has since announced
a #0.5m extension to its VMS contract with the Ghanaian Ministry of Food and
Agriculture.
Richard Horsman, Chief Executive Officer of Cybit said:
"This is a significant contract for BlueFinger and strengthens its position as
the leading VMS supplier on the African continent."
"Cybit's decision to acquire BlueFinger was based upon its ability to deliver
large, bespoke solutions such as this and it is very encouraging to have won
this contract so soon after the acquisition. The win will contribute
significantly to BlueFinger's business performance in the period to Cybit's
fiscal year end on 31st March 2007."
Enquiries:
Cybit Tel: 01480 389100
Richard Horsman, Chief Executive Officer
College Hill Tel: 020 7457 2020
Carl Franklin
About BlueFinger:
BlueFinger has developed a major presence in vehicle telematics including
server-based solutions. Additionally, the company is recognised as one of the
world's leading suppliers of Economic Exclusion Zone ("EEZ") management
solutions to coastal states that cover all aspects of Coastal Surveillance,
Monitoring and Control. BlueFinger specialises in providing low cost, effective
solutions that can be fully integrated to provide an accurate picture of the
maritime environment. Customers include the UK, Tanzanian and Ghanian
governments and the South African Development Community. Additional information
is available at www.BlueFinger.com
About Cybit:
Cybit is the leading Internet-based Telematics Service Provider (TSP) and
supplier of fleet and asset management solutions to the business-to-business
sector. Cybit's solutions portfolio includes vehicle tracking and management,
lone worker support and car pool management. Hundreds of companies across a wide
range of industries already use Cybit's online solutions to improve the
management and control of their fixed and mobile assets. Additional information
is available at www.cybit.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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