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Sensys Gatso receives TRaaS contract for traffic safety in Granger, IA, worth SEK 17 million; continues to expand its footprint in Iowa
08-03-2024
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso USA, has executed a five-year base term automated speed enforcement contract with the City of Granger, Iowa, USA. The contract is estimated to be worth up to USD 1.7 million corresponding to SEK 17 million.
The program is anticipated to begin in late spring of 2024 with fixed speed systems along a dangerous stretch of Highway 141.
“We look forward to partnering with the City of Granger to address their traffic safety concerns,” said Sensys Gatso USA President and Managing Director, Bill Braden. “Our team is ready to work with the city to implement their specifically designed automated traffic safety program. Through technology, automated traffic enforcement becomes a force multiplier for the city at a time when local resources are stretched.”
Sensys Gatso USA now has 16 contracted automated traffic enforcement programs in the state of Iowa.
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 11.00 on March 8, 2024.
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, Saudi Arabia, Sweden and the USA, and a branch office in the United Arab Emirates and has 302 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.
For further information, visit www.sensysgatso.com