Sensys Gatso receives five-year TraaS contract, valued at SEK 20 Million for new speed enforcement program in LeClaire, Iowa

09/10/2019 - Sensys Gatso Group, a global leader in traffic safety systems, through its subsidiary, Sensys Gatso USA, has received a five-year speed enforcement contract from the city of LeClaire, Iowa. The value of this award is estimated at USD 400 thousand, corresponding to SEK 4 Million, each year for five years, and also makes provisions for (2) additional one-year contract extensions.

Sensys Gatso USA will manage the entire speed program starting with the permitting process to the equipment installation and maintenance as well as citation issuance and fine collection. The LeClaire Police Department determined through the collection of speed data on two major routes, the Interstate 80 corridor and Highway 67 (Cody Road) that additional traffic enforcement was needed. According to Police Chief Themas, “residents understand our capabilities are limited with a department of our size”. Automated speed enforcement is active 24/7, which allows officers to focus on other important matters.

The program, managed entirely by Sensys Gatso USA, is expected to become operational by the end of Q1, 2020.

“We are very pleased to be working with another city in the state of Iowa, where speed enforcement is taken seriously and where the police and city officials understand the value of fully-managed service programs such as this one. We look forward to building a long-term partnership with the City of LeClaire”, says Andrew Noble, President, Sensys Gatso USA.

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 20.00 on October 9.

 Release (pdf)

For further information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
E investors@sensysgatso.com

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.

Published: 09/10/2019