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 in time the feasibility project has no guarantee of future sale! The house broker reinstated their Buy recommendation on valuation grounds following a 7% decline in…