10/05/2019 - Sensys Gatso Group, a global leader in traffic safety systems and solutions, through its American subsidiary, Sensys Gatso USA has entered into a 5-year agreement with the town of Chester, IA. This fixed speed program is expected to yield approximately SEK 5.8 million, corresponding to $600,000 over the term of the contract.
Chester is a one-square mile town in Howard County Iowa located just across the state line from Minnesota. The town sees 6000 vehicles passing through each day, with no way of enforcing its 25 mph speed limit. The Howard County Sheriff’s department has agreed to oversee this fixed speed camera program for Chester with the idea that this could lead to program expansion across the County over time.
This Traffic Enforcement as a Service (TRaaS) contract also allows for two, two-year extensions. The expected timeframe for the program roll out is July.
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, at 09:40 on May 10, 2019.
For further information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
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 195 employees.