Contract award in Southern California worth 2,4 MUSD

The contract, which includes managed services, is for a period of five years and has an estimated value of 2,4 MUSD, corresponding to approximately 20 MSEK.

Richard Kosina, Chief Technical Officer of Gatso USA, says “We are delighted this prominent Southern California City has once again selected Gatso Technology for their traffic safety program. The city realized the safety benefit intersection cameras provide, over 17 years ago.” Mr. Kosina was directly involved in that original installation in 1999.

The upgrade program will include replacing the current front facing, film-based camera units with Gatso T-Series digital camera units as well as adding rear facing T-Series cameras at eight high-volume intersections with a history of accidents and red light based violations.

This is information that Sensys Gatso Group AB (publ) must publish pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 2 October 2015 at 08:30.