SCISYS PLC ?18m Prime Contractor Win for Space Division (2632U)
October 23 2017 - 2:00AM
UK Regulatory
TIDMSSY
RNS Number : 2632U
SCISYS PLC
23 October 2017
The information communicated in this announcement includes
inside information for the purposes of Article 7 of Regulation
596/2014
SCISYS PLC
(AIM: SSY)
EUR18m Prime Contractor win for Space Division
SCISYS PLC ("SCISYS"), 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 it has been awarded a EUR18m contract by OHB System AG to
deliver the ground station control and communications
infrastructure for the German national satellite-communications
mission, Heinrich Hertz, as prime contractor. The project will
commence in 2017 and the majority of project revenues will be
delivered between 2018 and the scheduled completion date in
2021.
SCISYS Space will deliver the Heinrich Hertz ground station
control and communications infrastructure incorporating our
proprietary PLENITER(R) software suite for the planning,
implementation, control and operation of complete satellite
missions.
One key advantage of the solution is that it offers the
potential, where needed, to provide reliable automation technology
that complements the conventional, non-automated system elements.
This may help make future operations more efficient.
Dr. Horst Wulf, Divisional Director of SCISYS Space, said:
"This great success reflects the outstanding work of SCISYS
Space as a partner in the ground segment of many key national and
international space missions. Consequently we are now taking a
step-change from a subsystem supplier role to being the prime
contractor for the full ground segment of an important national
space mission. Our state-of-the-art software solution will combine
both reliable automation technologies and non-automated software
elements."
Klaus Heidrich, CEO of SCISYS, added:
"I am delighted to announce this exceptional win by our Space
division. It underscores that our growth strategy in this domain is
bearing fruit not least because of the proprietary PLENITER(R)
product. My congratulations go out to the entire management and
team in our Space division who have been working on this
opportunity to finally secure this great success."
For further information please contact:
+44 (0)1249 466
SCISYS PLC 466
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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
& Broker) +44 (0)20 7220 0500
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Julian Blunt Corporate Finance
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Mia Gardner Corporate Broking
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WalbrookPR +44 (0) 20 7933
Tom Cooper/Paul 8780
Vann +44 (0)797 122 1972
tom.cooper@walbrookpr.com
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About SCISYS:
Employing around 500 staff, SCISYS group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom and advanced
technology solutions. The Company operates in a broad spectrum of
market sectors, including Media & Broadcast, Space, Government,
Defence and Commerce sectors. SCISYS clients are predominantly
blue-chip and public-sector organisations. Customers include the
Environment Agency, the Ministry of Defence, Airbus Defence &
Space, Arqiva, Vodafone, the European Space Agency, EUMETSAT, the
BBC, RNLI, Interflora and the National Trust. The Company has 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 information is provided by RNS
The company news service from the London Stock Exchange
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