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Sensys Gatso is Awarded a Five-Year Puls and Xilium Software license Contract Extension from Turkish Republic of Northern Cyprus, worth SEK 6 million
23-11-2021
Sensys Gatso Group, a global leader in traffic safety systems, has received a TRaaS contract extension for Puls and Xilium software licenses, to operate and maintain a red light, speed enforcement and section control program in the Turkish Republic of Northern Cyprus (TRNC). The total project is expected to yield approximately EUR 0.6 million in revenue, corresponding to SEK 6 million, over a five-year contract term.
TRNC has chosen Sensys Gatso’s TRaaS solution, with the use of T-Series hardware connected via Puls analytics to the Xilium back office software. The contract extension entails the procurement of the licensing and maintenance of Puls and Xilium software over the period of the next 5 years.
The end-to-end solution enables the customer to improve the driving behaviour on the Island in various situations. The Sensys Gatso solution has already delivered a significant impact in decreasing road fatalities over the last years, exceeding the customer expectation in terms of performance and reliability. The aim of this contract extension is to further increase the operational execution of the program by TRNC.
“The collaboration between the Police Department stakeholders in TRNC and the team at Sensys Gatso Group has made this program a success. In addition to the camera technology and operational software, conscientious staff members are often the key to a program’s effectiveness and longevity”, says Giovanni Felicetti, Regional Sales Manager, Sensys Gatso Group.
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 14.15 on November 23, 2021.
For more 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, Costa Rica, Germany, the Netherlands, Sweden and the USA, and a branch office in the United Arab Emirates and has 252 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.