31/07/2019 - Sensys Gatso Group, through its American subsidiary, Sensys Gatso USA, has been selected as the equipment and software provider for Departamento del Cesar in Colombia, with a contract value worth approximately USD 1.1 million, corresponding to SEK 10 Million. Approximately 30% of the total contract value relates to TRaaS services over a 5 year period.
Working with local partner, CAPATEST COLOMBIA S.A.S., Sensys Gatso will provide T-Series camera systems that will address traffic challenges ranging from red light running and speed enforcement to vehicle classification and statistics. The systems are expected to be delivered in 2019. Cesar Department, or Cesar, is a department (state) of Colombia located in the north of the country in the Caribbean region. It is made up of 25 municipalities and is home to over one million people.
“Expanding our offerings into Colombia, South America, is in line with our growth strategy. We appreciate working in areas where traffic safety is taken seriously and where capital infrastructure projects are shaping the future of a country or region. We are excited to be a part of this initiative”, 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 set out above, at 11.15 on July 31, 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.