17/08/2017 - Sensys Gatso Group, a global leader in traffic safety solutions, has received an order from its partner KTC International Co. worth SEK 5 million for Qatar.
This order is for a similar red-light enforcement solution that Sensys Gatso was awarded in Qatar in 2015 which shows the satisfaction of the customer with the performance of Sensys Gatso solutions. The order is under condition that Sensys Gatso Group receives a Letter of Credit, securing the payments. The order is expected to be fully delivered before the end of the year.
Sensys Gatso Group has been delivering traffic safety systems to Qatar since 2015, which have contributed to significant improvements to road safety in the country, in line with the Qatar National Traffic Safety Strategy (NTSS).
The region is characterized by knowledgeable and demanding customers, who are regularly procuring small to mid-size projects.
"We have worked hard in Qatar to not only sell our solutions, but also spread the “Vision Zero” concept through regular contacts and interactions with key authorities and universities, building a long-term strategic partnership with Qatar together with other Swedish and Dutch stakeholders within this field" says Saman Alae Naziri, General Manager, Sensys Gatso Group MENA in Dubai, the United Arab Emirates.
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 08.30 on the 17th of August 2017.
For further information:
Niki Gatsonides, CFO
M +31 622 775 900
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, Germany, the Netherlands, Sweden and the USA, and a branch office in the United Arab Emirates. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm and has 169 employees.