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Sensys Gatso receives TRaaS contract extension in Des Moines, Iowa worth an estimated SEK 19 Million
24-06-2019
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso USA, will continue to provide traffic enforcement as a service (TRaaS) to the City of Des Moines, Iowa through a three-year contract extension signed with the City. The combined red light and speed enforcement program originally went into effect in June of 2011 and the contract extension will see the program continue for three more years with an anticipated revenue value of $2M USD, corresponding to SEK 19 Million.
Des Moines, is the capitol city of Iowa with more than 200,000 residents and has been successful in deploying Sensys Gatso cameras on its local roads for more than nine years now, including the interstate speed cameras on I-235. Utilizing a combination of fixed red light and speed cameras as well as mobile speed vehicles, Des Moines is able to augment their existing traffic safety measures with this completely managed service program.
“The Des Moines Police Department and city administrators have always maintained a well-structured, well-managed and transparent photo enforcement program and we are pleased to retain our partnership with them in public safety, in the years ahead”, says Andrew Noble, President of Sensys Gatso USA.
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 09.55 on June 24, 2019.
For further information:
Ivo Mönnink, CEO
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 195 employees.