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Orders from the United Arab Emirates worth EUR 1.5 million
18-08-2016
Sensys Gatso Group, a global leader in traffic safety solutions, has received orders for traffic safety systems worth EUR 1.5 million from the United Arab Emirates.
The orders derive from Sensys Gatso Group's current customer base in the UAE, United Arab Emirates, and cover traffic safety systems for speed and red-light enforcement. Deliveries are planned to be executed within the fourth quarter 2016.
Sensys Gatso Group has been supplying the UAE with traffic safety systems since 2001, contributing to significant improvements made to traffic safety in several of the emirates in the UAE. Sensys Gatso Group has established its headquarters for MENA (Middle East Northern Africa) in Dubai, UAE. The MENA region with a population over 400 million people has been key to the group, with 15% of the group's total revenues in 2015, and continues to develop as one of Sensys Gatso Group's most important markets. The region is characterized by knowledgeable and demanding customers, running small to midsize procurement projects for traffic safety systems at regular intervals. This contrasts to some other regions where Sensys Gatso Group is active, like for instance Europe which is characterized by larger long-term national projects.
"We are proud to continue to contribute to traffic safety in the UAE. The orders include a tower based traffic system designed to blend in into modern city environments in UAE, which demonstrates our ability to tailor solutions to the needs of our customers in the region." says Saman Alae Naziri, General Manager of Sensys Gatso Group MENA in Dubai, UAE.
This information is information that Sensys Gatso Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.30 on18 August.
For more information:
Johan Frilund, EVP Corporate Development
M +46 732-742 823
E j.frilund@sensysgatso.com
Sensys Gatso is a global leader in traffic management solutions for nations, cities and fleet owners. 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 Stockholm. The Group has 175 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.