RAM Active Media PLC TrainFX Update (5817H)
June 21 2013 - 4:42AM
UK Regulatory
TIDMRAM
RNS Number : 5817H
RAM Active Media PLC
21 June 2013
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
TrainFX Update
21 June 2013
RAM announces an update on TrainFX Ltd ('TrainFX"). RAM owns a
30% interest in TrainFX, which specializes in the production of
Passenger Information Systems ("PIS"), a statutory requirement for
trains rolling stock which is planned to operate after 2020 or is
refurbished at any time. Following a lull in the market following
the West Coast mainline franchise challenges, the publication of a
new timetable for the bids for UK rail franchises means that
rolling stock upgrades and new commissions are now being
authorised.
As a leading supplier of PIS TrainFX is well placed to benefit
from this activity. It has informed RAM that it is has received
purchase orders and has been nominated as the preferred supplier
and expects to complete contracts with two of its customers for an
aggregate of GBP3,317,000 in the near future.
Ends
RAM Active Media plc
Richard Prosser 0207 518 4303
Libertas Capital Corporate
Finance Limited
Sandy Jamieson, Thilo Hoffman 0207 569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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