Sensys Gatso
Sensys Gatso receives a seven-year TRaaS contract valued at approximately SEK 120 million for red light and school-zone speed enforcement in Pawtucket, Rhode Island
Sensys Gatso Group, a global leader in traffic safety solutions, through its American subsidiary Sensys Gatso USA, has signed a new seven-year, Traffic-as-a-Service (TRaaS) contract extension with the City of Pawtucket, Rhode Island valued at approximately 12 million USD over the contract period, corresponding to SEK 120 million.
This extension demonstrates the valuable managed service partnership between Sensys Gatso and this vibrant New England city of 75,000 residents, that started in 2019. With the new contract, the initial term has been amended to 7 years as of 2023, totalling 11 years excluding the optional 5 year contract extension. During the new contract period, Sensys Gatso and the City will expand the number of enforcement systems to further improve road safety.
The Sensys Gatso PULS and Xilium software platforms drive the industry leading T-Series red light and speed enforcement camera systems. All elements of the automatic traffic enforcement solution, from image capture to customer services, adjudication services and payment collection, is delivered to the City of Pawtucket by Sensys Gatso.
"We are very happy Pawtucket has entrusted Sensys Gatso to continue as a partner with the City's road safety initiatives. Through this agreement our TRaaS solution will extend Sensys Gatso's impact to deliver greater traffic and community safety for the residents of Rhode Island." said Bill Braden, President of Sensys Gatso USA.
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 December 22, 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
| Datum | 2022-12-22, kl 13:30 |
| Källa | beQuoted |
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