10/11/2017 - Sensys Gatso Group, a global leader in traffic safety solutions, has through its subsidiary Gatso USA been awarded a one-year contract from the Oklahoma District Attorneys Council as the successful bidder of its Uninsured Vehicle Enforcement Diversion Program. The Managed Service contract is based on the performance of the program and estimated to be worth USD 2 million, corresponding to SEK 17 million.
Sensys Gatso Group will handle the hardware and software implementations as well as database integrations. Sensys Gatso will use its flexible PULS data analytics platform to correlate information from camera systems, multiple databases and real-time data feeds in order handle the complete citations issuance fulfillment process on behalf of the Oklahoma District Attorneys Council. This first-of-its-kind statewide program incorporates county participation, where the focus will be on capturing license plates, matched against key databases to identify vehicles actively driving on Oklahoma roads without valid insurance. Under the Uninsured Vehicle Enforcement Diversion Program, vehicles that are identified without valid insurance will be issued a citation and will be required to purchase insurance.
This one-year contract has five single-year extensions. Program implementation will commence immediately, and the automated enforcement is expected to start in Q1 2018 with the first revenue generation in Q2 2018.
“We knew from the early days of our collaboration that Oklahoma’s leadership team was seeking a performance-based, “best value” partner to work with. In order to achieve the ambitious goal of 100% insurance compliance across the state, we needed to prove, with empirical data, just how we would help them reach this goal. The vetting process was rigorous -and deliberate – and we are so pleased to have been selected,” says Andrew Noble, President, 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 09.00 on the 10 of November 2017.
For further information:
Niki Gatsonides, CFO
M +31 622 775 900
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 169 employees.