Wheelsure Holdings plc
(“Wheelsure” or the “Company”)
Wheelsure Holdings plc, the ISDX quoted industrial engineering company is pleased to announce the following key commercial developments in respect of Tracksure® Limited (“Tracksure”), the Company's principal trading subsidiary.
i) Further to the announcement of 13 November 2015 regarding the signing of a Memorandum of Understanding ("MoU") with a major European provider of rail infrastructure management to enable them to sell Tracksure's products as an integral part of their provision of asset management services to their existing and prospective customers worldwide, it can now be confirmed that MoU was signed with Strukton Rail Nederland B.V. ("Strukton"). In addition, the first order from Strukton has been received and will be delivered in the first quarter of 2016.
ii) After several years of technical discussions and trials, Tracksure has received initial orders from the contractor which services and maintains the network of Docklands Light Railway, part of Transport for London.
iii) John Holland one of Australia’s leading engineering, contracting and service providers to the infrastructure, energy, resources and transport services sectors, has formally approved the Tracksure product following several years of trials and technical evaluation. John Holland will shortly commence the rollout of the product to an initial 25 rail crossings on a retrofit basis.
Gerhard Dodl, CEO of Wheelsure and Managing Director of Tracksure, commented: "We are delighted to move into 2016 having achieved these three important commercial milestones. The many years of commitment by the Tracksure team are now beginning to show some encouraging results and whilst there are no guarantees, the Board are hopeful that in all three cases, these represent the start of a long commercial relationship."
The Directors of Wheelsure Holdings plc take responsibility for this announcement.
|Wheelsure Holdings plc||01525 840 557|
|Gerhard Dodl, CEO|
|Daniel Stewart & Company Plc||0207 776 6550|
|David Coffman/Asha Chotai - Corporate Adviser|
|David Lawman - Broker|
About Wheelsure Holdings
Wheelsure Holdings plc is a holding company for a Group which develops and commercialises innovative products that meet safety needs throughout the world.