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Sensys receives 10 MSEK supplementary order from Sweden
02-07-2014
SENSYS Traffic AB, a global supplier of traffic safety solutions, today received a supplementary order from the Swedish Transport Administration for speed enforcement. The order, worth 10 MSEK, is for an expansion of the previously supplied on-request order for the Swedish ATK system for automatic speed safety enforcement.
The order covers delivery of systems to replace the existing ATK system during the present year. Sensys also carries out installation and commissioning of the systems which is not, however, part of this order but remains an on-request order as the existing systems are replaced. This order means that the on-request order for systems and cabinets and spare parts from the Transport Administration so far this year is valued at 95 MSEK, and a total of 121 MSEK since the contract was signed in July 2013.
Sensys started delivery of replacement systems and new installations for the Transport Administration during the second quarter of 2014. At the same time Sensys also commenced installation, commissioning and maintenance of the Swedish ATK systems.
"The order means that the speed of replacement of the existing ATK systems this year has increased compared to previous expectations, and can also been seen as an acknowledgement that we have been successful in our efforts in both production and maintenance to meet the needs of the Transport Administration", says Johan Frilund, CEO Sensys Traffic AB.
In July 2013 Sensys Traffic signed a contract with the Transport Administration for systems and cabinets as well as maintenance for the Swedish ATK system. This year Sensys is supplying replacement systems and installation of new systems within the ATK framework. The contracts run for 3 years with the possibility of extensions up to 9 years. The ATK system, whose task it is to save lives through improved speed enforcement, is a principal component in Sweden's vision zero ambition.
Sensys Traffic is obliged to publish the information contained in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 2 July 2014 at 16:05.
For further information:
CEO Johan Frilund
Cellphone: +46 (0)73-274 28 23
e-mail: johan.frilund@sensys.se
SENSYS® Traffic AB develops, markets and delivers various products for traffic safety and traffic informatics. The products are primarily used for speed and red-light enforcement. The SENSYS® share is listed on the NASDAQ OMX Stockholm. For further information, go to www.sensys.se.