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Sensys Gatso USA wins TRaaS contract for Mount Rainier, Maryland worth an estimated SEK 44 Million
21-05-2019
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso USA, will be providing traffic enforcement as a service (TRaaS) to the city of Mount Rainier, for a period of five years. The TRaaS solution will include school zone speed and red light cameras as well as municipal parking management and has a total contract value of USD 4.3 million, corresponding to SEK 44 million.
The City is part of Maryland’s affluent Prince George’s County and is located on the border of Washington D.C. This new contract will allow for five camera systems in school zones and in key intersections across the City, which hosts daily traffic from a major north-south route, US 1. Sensys Gatso will also be providing on-street parking technology, complete with meter installation, maintenance and revenue management.
“This is an exciting new partnership with a city that recognizes the importance of technology in their traffic safety plan. Mount Rainier is looking at the whole picture when addressing school zone speed enforcement and we are honored to be their trusted partner.” says Andrew Noble, President.
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 13.30 on May 21, 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.