Journeo plc announced it has received purchase orders totaling £1.9 million to supply and install important safety systems on existing buses within the Transport for London (TfL) fleet. As part of TfL's Vision Zero, digital wing mirror Camera Monitor Systems (CMS) have been mandated on all new vehicles entering TfL's c.9,000 vehicle fleet and to date approximately 1,000 Journeo CMS systems have already been supplied. This current batch of orders is for the first tranche of legacy vehicles to undergo a refurbishment programme and be upgraded to the same safety level as the nation's Capital strives to reach its aim of zero deaths or serious injuries on its road network.

The £1.9 million orders are to upgrade approximately 300 buses in total which includes over 200 New Routemasters, spread across some of the largest fleet operators in London, including Stagecoach, Metroline, Arriva and Abellio. Installations will be carried out over the course of this year and Journeo will provide support for these systems for the remainder of the vehicles' operating life in London of between 3 and 7 years. Journeo expects that further purchase orders will be received during the year to upgrade more of the New Routemaster fleet and anticipates that across 2025 and 2026 fleet operators will upgrade the safety systems on approximately 30% to 50% of their legacy vehicles to comply with TfL Vision Zero.

Journeo will replace the external vehicle wing-mirrors with the UN R46 approved Journeo CMS which utilises an ultra-low profile camera module mounted externally at high level on each side of the vehicle and the installation of high-definition monitors inside the vehicle. The revenues are included in management's expectations of performance for the current financial year and add to the Company's strong order book, providing further future revenue visibility.