20/11/2014 - SENSYS Traffic AB, a global supplier of traffic safety solutions, has received an order from a customer in the Middle East today for speed monitoring systems.
The order, totalling SEK 12 million, comes after product approval was obtained following extensive pilot tests that have been ongoing since 2013.
“This contract is proof that our strategy in the Middle East is paying off, but there is still much to do in the region, which is why we intend to raise our profile there. This will allow us to provide better support to our customers in their traffic safety efforts and therefore take advantage of the many business opportunities in the Middle East,” comments Johan Frilund, CEO at Sensys.
Sensys Traffic is obliged to publish the information contained in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication at 9.30 a.m. on 20 November 2014.
For further information:
CEO Johan Frilund
Mobile: +46 (0)73-274 28 23
Sensys Traffic is a leading supplier of system solutions for traffic safety within the ATC area (automatic traffic safety control). Sensys develops, markets and sells systems that are mainly used to monitor and register speed limit violations and for red-light enforcement. In addition to sales of systems, Sensys Traffic also provides service and maintenance. Sensys Traffic’s end customers are primarily police and road authorities all round the world, but also include private operators. Sales are conducted either directly or via partners, agents and distributors. Sensys Traffic is headquartered in Jönköping, Sweden, is listed on NASDAQ OMX Stockholm, has 41 employees and turnover for 2013 was SEK 62.5 million.
For further information, visit www.sensys.se