15/11/2013 - SENSYS Traffic AB has received an order from Malta worth SEK 6 million for traffic speed enforcement.
The order is a three-year commitment where Sensys will deliver systems and support services to an operator in Malta who has been a customer of Sensys for many years. The customer will pay a fixed monthly fee for a period of three years, with a total value of SEK 6 million. Deliveries will be taken partly from existing stock, and are expected to take place in the first quarter 2014.
"Our customer in Malta has decided to upgrade their entire current installation to Sensys' latest technology. We have been able to offer a business model that is better adapted to the Maltese operator's cash flow, and the support commitment enables us to optimise the systems over time," says Johan Frilund, CEO of Sensys Traffic AB.
Sensys Traffic is obliged to publish the information contained in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. Such information was submitted for publication at 10.00am on 15 November 2013.
Johan Frilund, CEO
Mobile: +46 (0)73-274 28 23
Sensys Traffic AB develops and markets various systems for traffic informatics and traffic safety. The products are primarily used for speed and red-light enforcement. The Sensys share is listed on NASDAQ OMX Stockholm.