The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
21st Century Technology plc
("21st Century" or the "Group")
Exclusive distribution agreement for SMARTVISION: mirrorless rear-view camera monitoring system
21st Century Technology plc (AIM: C21), the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off vehicle, is pleased to announce a strategically important and exclusive distribution agreement with Safety Tech, a subsidiary of Vision Systems France, for the SMARTVISION 'mirrorless' Camera Monitoring System (CMS) for Bus and Coach operators and Original Equipment Manufacturers (OEMs) throughout the UK. In addition, under the agreement, the Group's subsidiary 21st Century AB in Stockholm has exclusivity to supply SMARTVISION directly to the Bus and Coach operators throughout Sweden.
The CMS comprises a number of high-definition digital cameras and monitors that replace traditional wing mirrors that improve visibility, reduce the risk of accidents and lower lifetime running costs of the vehicle.
The SMARTVISION CMS is the only one of its kind approved by the Vehicle Certification Agency (VCA) in the UK and is currently available as OEM. The certification required for retro-fit programmes is currently being pursued.
The SMARTVISION CMS is an important step towards the Transport for London (TfL) VISION ZERO commitment to eliminate death and serious injury involving buses. By 2020 it is anticipated that CMS will become compulsory on many TfL vehicles, with other regions to follow suit. It is already being offered as an option on new vehicles from UK manufacturers, enabling operators to get a head-start on making their vehicles safer for passengers, the public and drivers alike
About SMARTVISION CMS
Vehicles are fitted with rugged enclosures that each contain two High Definition (HD) cameras showing Class II (Standard) and Class IV (Wide-angle) view on driver screens that are mounted internally within the cab area.
By using digital cameras in place of mirrors, the CMS not only removes the lateral blind spots, it also automatically adjusts to reduce glare and improves the visibility at night and in wet conditions. The cameras also re-focus to adapt to rain drops or dirt on the lenses and an optional camera heater module keeps them clear of ice or fog.
Importantly, the system greatly reduces the risk of collisions with other road users, pedestrians, street furniture and trees. Furthermore, because the cameras are much smaller than traditional wing mirrors, the CMS reduces drag and even improves fuel efficiency.
Russ Singleton, Chief Executive Officer of 21st Century, said: "We have been working with Safety Tech, on this strategically important and revolutionary new safety solution for over two years and we are delighted today to be announcing a 3-year exclusive distribution agreement for the UK and Sweden. It is a major step forward for C21 in helping PTEs and operators improve public transport safety and fulfilling H&S policy. As part of our agreement we will also be providing design services to the vehicle manufacturers to ensure the system is correctly installed for every vehicle type."
A digital copyofthisannouncementwill be availableon theGroup'swebsite: www.21stplc.com
RussSingleton - CEO
Tel: 0844871 7990
Tel: 0207220 0500
Tel: 07785 922 354
21st Century Technology is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle. Comprised of a Fleet Systems division and a Passenger Systems division, 21st Century Technology provides integrated solutions both on and off the vehicle to deliver 'connected systems for connected journeys'.
FleetSystems: include CCTV video surveillance; to improve passenger & driver safety, vehicle & driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting.
PassengerSystems: include the design & manufacture of all the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.
With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative, cost-effective technology lead solutions to improve the passenger experience and provide operational benefits to fleet and network operators.
Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Create your account: sign up and get ahead on news and events
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...