Re Contracts
June 10 2003 - 3:00AM
UK Regulatory
RNS Number:1075M
CybIT Holdings PLC
10 June 2003
CYBIT HOLDINGS PLC
NEW CONTRACTS
Cybit Holdings PLC ("Cybit") is pleased to announce considerable progress
through its Fleetstar-Online management solution with new contracts worth in
excess of #1.2 million.
Cybit has secured contracts with infrastructure management specialists AWG
Facilities Services Limited, a wholly owned subsidiary of AWG Plc. Under the
agreement Cybit will deploy its Fleetstar-Online fleet management application to
318 support vehicles.
Cybit has also signed 2 new contracts with an environmental support services
company and a regional housing association. Under the agreements, Cybit will
install its Fleetstar-Online application to a total of 405 vehicles.
Richard Horsman, Chief Executive of Cybit Holdings PLC, said:
"I am pleased to report that we continue to deliver bottom line benefit to our
customers. These considerable recent successes prove that Cybit's telematics
based solutions help our customers to achieve real performance improvements in
an ever-increasing cost conscious and competitive business environment."
- Ends -
For more information please contact:
Jonathon Brill/Charlotte Kirkham, Bell Pottinger Financial Tel: 020 7861 3232
About Cybit
Cybit is a leading provider of fleet management and telematics solutions,
delivering a full range of Internet-based software and support service to
private motorists, vehicle fleet managers and commercial haulage operators.
Cybit operates a number of telematics platforms, from end-to-end OEM solutions
to its own generic platform, providing satellite tracking of mobile assets via
street-level digital maps. This enables Cybit operators to obtain data and
deliver services or assistance via wireless networks for safety critical events,
accident or breakdown, as well as providing support if a vehicle is stolen, or a
driver is late or lost. By facilitating the processing of this information for
financial management purposes, Cybit then frees users up to promote best use of
existing resources.
For more information about Cybit's technology solutions, please contact Philip
Szomszor at IBA Europe on 01780 721433.
This information is provided by RNS
The company news service from the London Stock Exchange
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