Sensys Gatso receives five-year TraaS contract, valued at SEK 6 Million for new speed enforcement program in Independence, Iowa, USA

06/11/2019 - 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 Independence, Iowa. The value of this award is estimated at USD 600 thousand, corresponding to SEK 6 Million, and also makes provisions for (2) additional two-year contract extensions.

The small, scenic, historic town of Independence has a population of approximately 6000 residents and is located in Northeast Iowa. Despite its relative small size, the town offers many amenities and conveniences of a larger city. The town has experienced major expansion in its infrastructure in recent years, building schools and a new library as well as expanding its county health center and municipal airport. The implementation of automated speed enforcement in the town, along with other improvements to the business district, will provide increased safety and quality of life for its residents.

Sensys Gatso USA will manage the entire speed program starting with the permitting process to the equipment installation and maintenance as well as the entire citation fulfillment process. The program is expected to begin in Q1 of 2020.

“Whenever we have the opportunity to support new clients in Iowa and further expand its speed enforcement zones, we feel as though we are doing our small part to help keep drivers and pedestrians safe on the roadways,” 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 08.15 on November 6, 2019.

  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: 06/11/2019