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Sensys Gatso secures a purchase order for traffic enforcement systems in the Middle East worth SEK 26 million, as part of the SEK 152 million procurement award
20-02-2024
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso Sweden, has received a purchase order worth SEK 26 million from a local partner in the Middle East under the five-year procurement award worth SEK 152 million announced on June 12th, 2023. The order is for the delivery of speed and red-light enforcement systems. The first order worth SEK 16 million was delivered in 2023 as a part of this procurement agreement.
Sensys Gatso has over a longer period of time built up a large installed base of systems in the Middle East. While still fully operational, some of these systems are in need of an upgrade in order to offer our end-customer the ability to enforce a variety of dangerous driving behaviours. Therefore, the customer initiated a 5 year program in 2023 to both add to and replace the current installed base.
Besides state of the art speed enforcement solutions, Sensys Gatso has a particularly strong position within intersection safety where not only red-light violations are enforced, but also other types of dangerous behaviours in the intersection, such as illegal turns, blocking the intersection and/or the pedestrian crossing and more.
“We are delighted to have fulfilled the initial SEK 16 million order as planned. With this new purchase order we appreciate the continued trust and confidence from our partner and end-customer. This underscores our commitment to delivering innovative and reliable solutions that contribute to enhanced road safety in the region”, says Saman Alae Naziri, General Manager of Sensys Gatso MENA.
The information was submitted for publication, through the agency of the contact person set out above, at 09.40 on February 20, 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 284 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.
For further information, visit www.sensysgatso.com