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Sensys Gatso delivers 4th batch in-vehicle enforcement systems to Saudi Arabia
12-07-2019
Sensys Gatso Group, a global leader in traffic safety solutions, announced on March 22nd, 2018, a procurement award for in-vehicle based traffic enforcement systems from a governmental customer in Saudi Arabia. The procurement award concerned the delivery of systems to a potential total value of EUR 10 million, corresponding to SEK 100 million. Under the procurement award the customer has placed a first purchase order of SEK 66 million (press release September 24, 2018).
The purchase order is broken down into deliveries of several batches of approximately SEK 10 million to SEK 30 million, based on delivery capacity and in-vehicle installation progress. Sensys Gatso Group is pleased to announce that the 4th batch of SEK 14 million has been delivered and accepted by the customer.
Sensys Gatso’s T-series in-vehicle systems have a great impact on driver behavior as they are unpredictable in time and location. They can be deployed in large quantities rather fast without having to install fixed units on roadsides.
“The roll-out of the program is showing good progress. Next deliveries are planned and the acceptance of this delivery has triggered the shipment of the next batch", says Joris Lampe, CCO, Sensys Gatso Group.
The information was submitted for publication, through the agency of the contact person, at 14.00 on July 12, 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.