07/06/2016 - Sensys Gatso Group, a global leader in traffic safety solutions, has through its partner RECK received a first order from the Latvian Road Traffic Safety Directorate (CSDD) covering traffic safety systems in Latvia. The appeal of the award notice from a competitor, which delayed the contract signing between RECK and CSDD, was rejected on 2 June 2016.
On 11 April 2016, Sensys Gatso Group and its local partner RECK were selected by CSDD in a tender for traffic enforcement equipment. As part of the formal process, a competitor filed an appeal which delayed the contract signing. The appeal was rejected on 2 June 2016 and the contract has now been signed by RECK.
Under the contract, RECK will give Sensys Gatso Group three orders with a total value of EUR 2.5 million. Sensys Gatso Group estimates that 50% will be delivered during 2016 and the remainder during 2017.
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 7 June 2016 at 09:05.
For more information:
Johan Frilund, EVP Corporate Development
M +46 732-742 823
Sensys Gatso is a global leader in traffic management solutions for nations, cities and fleet owners. Sensys Gatso 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 at NASDAQ Stockholm. The Group has 175 employees and is the result of a merger of Sensys Traffic AB and Gatso Beheer B.V. following Sensys Traffic’s acquisition of Gatso Beheer.