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Contract award in Southern California worth 2,4 MUSD
02-10-2015
Gatso USA, the North American subsidiary to Sensys Gatso Group, a global leader in traffic safety solutions, has been selected to upgrade the red light camera technology at eight existing photo-enforced intersections in a Californian city.
The contract, which includes managed services, is for a period of five years and has an estimated value of 2,4 MUSD, corresponding to approximately 20 MSEK.
Richard Kosina, Chief Technical Officer of Gatso USA, says “We are delighted this prominent Southern California City has once again selected Gatso Technology for their traffic safety program. The city realized the safety benefit intersection cameras provide, over 17 years ago.” Mr. Kosina was directly involved in that original installation in 1999.
The upgrade program will include replacing the current front facing, film-based camera units with Gatso T-Series digital camera units as well as adding rear facing T-Series cameras at eight high-volume intersections with a history of accidents and red light based violations.
This is information that Sensys Gatso Group AB (publ) must publish pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 2 October 2015 at 08:30.
Sensys Gatso Group is the leading supplier of system solutions for traffic safety in the field of traffic enforcement systems. Sensys Gatso has subsidiaries in Australia, Germany, the Netherlands, Sweden, and the USA, and a branch office in the United Arab Emirates. The Sensys Gatso Group’s shares are listed at NASDAQ OMX Stockholm. The Group has 200 employees and is the result of a merger of Sensys Traffic AB and Gatso Beheer B.V. following Sensys Traffic’s acquisition of Gatso Beheer. Sensys Traffic had net sales of SEK 160.6 million during 2014 and Gatso Beheer has proforma net sales of SEK 275.5 million during the financial year ending on 30 September 2014.