CybIT lands million pound fisheries contract
Telematics service provider, CybIT has announced that its marine division, BlueFinger has landed a contract with Department of Fisheries and Marine Research in Cyprus worth around £1m.
The Huntingdon-based firm said that BlueFinger had won a contract to provide key elements of a GPS based fisheries management system, which will deliver low cost, web-based monitoring of smaller fishing boats operating within the Cypriot fishing industry.
As part of the contract, worth around £1m over its five year duration, BlueFinger will assist the Cypriot Department of Fisheries to manage its fishing grounds in an attempt to ensure long term sustainability.
Cybit's tracking system will provide detailed information on the whereabouts of fishing boats and their activity, the company said, and will monitor 500 licensed fishing boats of less than 15m operating in Cypriot waters.
"We are firmly established as a world leader in fisheries management and protection systems, tracking many thousands of fishing vessels on a daily basis, said CybIT's CEO, Richard Horsman.
"Our Bluefinger business has existing long-term contracts with the UK and Irish governments and we also help to manage valuable fishing stocks for over thirteen nations, including Namibia, Greece and Ghana."
Cybit operates within three core sectors in the Telematics industry; Internet-based vehicle Telematics solutions; Economic Exclusion Zone Management; and Private Mobile Radio- based asset tracking and precise positioning solutions.
Shares in the company have made a marginal gain, growing almost two per cent, or 0.75p to 45.5p.