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Sensys Gatso receives a five-year TRaaS contract valued at SEK 100 million for speed photo enforcement in Cedar Rapids, Iowa
20-06-2022
Sensys Gatso Group, a global leader in traffic safety solutions, through its American subsidiary Sensys Gatso USA, signed a five-year, Traffic-as-a-Service (TRaaS) contract extension with Cedar Rapids, Iowa valued at approximately USD 9.8 million over the contract period, approximately SEK 100 million.
This extension continues the ten plus year service partnership between Cedar Rapids and Sensys Gatso. The newly executed TRaaS agreement will cover red light camera systems with “speed-on-green” functionality, highway speed enforcement systems, and in-vehicle mobile speed enforcement.
Sensys Gatso provides our partnering communities with a full end to end and turn-key traffic enforcement solution through seamless integration of all required elements for a successful automated traffic enforcement program including image capture, customer services, and payment collections. The foundation for our speed and red light camera technologies are Sensys Gatso`s market leading PULS and Xilium software platforms.
“It is with much excitement and pride that we continue our relationship with Cedar Rapids. Through this agreement our TRaaS solution will continue to deliver traffic and community safety for the residents of Cedar Rapids” said Bill Braden, President of Sensys Gatso USA.
“We are proud that Sensys Gatso USA has retained and strengthened its market position with contract renewals in both Cedar Rapids and Des Moines. On top of this Sensys Gatso USA has expanded its footprint by onboarding a new customer Oelwein, in February of 2022, bringing the market share more than 50% of total programs in the state” said Ivo Mönnink, CEO of Sensys Gatso Group AB.
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 11.10 on June 20, 2022.
For further information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
E-mail: 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 263 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.
For further information, visit www.sensysgatso.com