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Sensys Gatso signs framework agreement for Point-to-Point systems in the Netherlands
16-07-2018
Sensys Gatso Group, a global leader in traffic safety solutions, has today through its subsidiary Sensys Gatso Netherlands BV, signed a framework agreement for 10 Point-to-Point systems on rural roads from the Dutch Department of Justice. The framework agreement estimated to be worth SEK 66 million also includes a six year maintenance and operations contract. The framework agreement is a result of and based upon the procurement award announced in our press release of the 7th of June. Together with this framework agreement, a contract for delivery of the first Point-to-Point system has been signed.
Point-to-point systems (‘traject controles’) monitor and enforce the average speed of a vehicle over a longer distance. This is especially relevant on rural roads where the incident rate related to speeding is relatively high.
Sensys Gatso will supply, install, maintain and operate the Point-to-Point systems. The first Point-to-Point system will be completed and put into operation in the first half of 2019. After acceptance of the first system, further contracts and systems will be put in place in the course of 2019. It is expected that the final system will be delivered in Q4 2019. The maintenance and operations activities will be performed over a 6 years period.
Niki Gatsonides, CEO of Sensys Gatso Netherlands comments: "We are looking forward to start with the execution of the project and to work with the Dutch Department of Justice. This type of enforcement on rural roads is new for the Netherlands. Together with Dutch authorities we expect that it will significantly contribute to the increase of traffic safety.”
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, at 12.10 on July 16, 2018.
For further information:
Ivo Mönnink, CEO & President
Sensys Gatso Group AB
E investors@sensysgatso.com
Sensys Gatso Group AB is a global leader in traffic management solutions for nations, cities and fleet owners. Sensys Gatso Group 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 on Nasdaq Stockholm and has 167 employees.