10/04/2012 - SENSYS Traffic AB has received an order worth SEK 24 million for delivery to one of Sensys' new markets in the Middle East.
The order includes systems for red-light enforcement, and comes from Sensys' partner in a market previously dominated by a competitor. This is also the first major order for the new Sensys RS242 radar, which in addition to recording traffic offences also identifies lanes and classifies vehicles.
"This breakthrough comes further to a several-year procurement process where the competition was very tough. We see this as confirmation of our competitiveness and, above all, of our continued strong position in the Middle East," says Johan Frilund, CEO of Sensys Traffic AB.
The order is expected to be delivered during the year, and will also give Sensys an opportunity to sign maintenance and service contracts upon expiry of the warranty period.
Sensys has previously delivered a small number of the new radar system to the United Arab Emirates.
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. The information was submitted for publication at 10.05am on 10 April 2012.
CEO Johan Frilund
Mobil: 073-274 28 23
Sensys Traffic develops and markets systems for traffic informatics and road safety. The systems are used primarily for speed and red-light enforcement. The share is listed on NASDAQ OMX Stockholm.