Tracsis plc signed a significant five year Framework Agreement with a major Train Owning Group for its TRACS Enterprise product. The Agreement covers all of the Operator's individual Train Operating Companies within the UK plus other franchises that the Owning Group may win in future. The total potential value over the duration of the Framework Agreement is expected to be multi million pounds although given the 'call off' nature of the Agreement, the number of modules used and the specific timing of implementation (and therefore revenue) is difficult to forecast with certainty. However, the Directors believe this is a key win for Tracsis that will lead to significant recurring revenue opportunities within the duration of the Agreement and beyond.