Tracsis (AIM:TRCS) - positive news today
The leading provider of software and technology led products and services for the transportation industry has announced that it has been awarded a feasibility pilot project with a major North American Class 1 Railroad company for potential adoption of its remote condition monitoring technology and associated software.
The project will cover 5 sites within the United States, should conclude within 6 months, and is being delivered in collaboration with a US based technology partner following a successful tendering process. The value of this project will remain undisclosed due to commercial sensitivities.
management commented that “this award is a significant step forward in the next phase of the Company’s overseas growth strategy” although Tracsis is keen to stress that at this point…
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