03/03/2014 - SENSYS Traffic AB has received orders worth SEK 1.7 million regarding equipment for speed and red-light enforcement from two customers in the Middle East.
In 2013, Sensys entered into a traffic-safety collaboration agreement with a local partner in a new market in the Middle East, within which Sensys delivered systems for pilot projects. One of the orders now received is a consequence of this agreement and will imply a next stage for Sensys within this market. The other order has come from an existing customer, and concerns spare parts. Both orders will be delivered during the current quarter.
"We are very pleased with these orders, and find it very positive that the pilot project that we delivered last year has already given results with a subsequent firm order," 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 3.15pm on 3 March 2014.
For further information, please contact:
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. Further information is available at www.sensys.se.