Kapsch Selected to Provide I-77 Express Toll System

[Editor: This is the text of a January 9, 2017, news release from Kapsch TrafficCom.]

Kapsch TrafficCom Awarded Contract to be Toll System Provider for I-77 Express Lanes Project

MCLEAN, Va.– Kapsch TrafficCom (Kapsch) announced today that I-77 Mobility Partners, LLC has awarded it a contract to be the toll system provider and system integrator for the Interstate 77 Express Lanes project in Charlotte, North Carolina. The comprehensive venture comprises the end-to-end design, installation, and ongoing maintenance of the project’s field-level systems. The project represents North Carolina’s first express lane and concession-led project, as well as one of the first toll facility construction projects in Charlotte. It also demonstrates a commitment by the state of North Carolina to improve mobility in the region by using modern managed lanes to relieve traffic congestion and provide reliable travel times, while also offering drivers a choice in commuting options.

The express lanes will be constructed within the 26-mile section of the I-77 highway between uptown Charlotte and Mooresville, North Carolina. Kapsch will design and deploy all tolling and traffic management hardware and field systems, including the Toll Collection System (TCS), Intelligent Transportation System (ITS), and Network Communication System (NCS). As part of a fully-automated managed lanes setup, these integrated components will create a “market effect” on the roadway by enabling the price of the express lanes to adjust according to traffic volume. Drivers can choose to pay the current rate for more reliable travel time, or remain in the general purpose lanes. The tolling equipment will also include the new Vehicle Detection and Classification (nVDC) sensor from Kapsch, which uses stereoscopic video to track and classify vehicles through the entire toll zone, and correlates with tag reads, without the need for in-pavement sensors (which require lane closures to install and maintain).

Kapsch is an industry leader in designing and deploying comprehensive end-to-end tolling and traffic management systems around the world, and brings recent experience in successfully developing urbanized express lanes in the United States. “Kapsch is known for its managed lane roadside solution,” said Chris Murray, President of Kapsch TrafficCom North America. “In multiple US states and now in North Carolina, we pride ourselves in delivering toll revenue transaction systems that are reliable, accurate, and easily reconcilable.” Javier Tamargo, CEO of I-77 Mobility Partners, added: “We are excited to partner with Kapsch for the design and construction of the ITS and TCS of the I-77 Express Lanes Project. Kapsch’s expertise in developing complex projects similar to the I-77 Express Lanes makes it a great addition to the team to deliver this much needed project.”

Kapsch will manage the project from its local office in Charlotte, North Carolina. The express lanes are set to open in October 2018.

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, traffic management, safety and security, smart urban mobility and connected cars. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers as a one-stop shop, from components and design to the installation and operation of systems. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.

References in more than 50 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 30 countries. It has been listed since 2007 on the Vienna Stock Exchange (KTCG) and generated revenues of EUR 526 million in the fiscal year 2015/16 with over 4,600 employees.

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Press Contact:

Nicole Busse
Manager, Marketing & Communications
Kapsch TrafficCom North America
8201 Greensboro Drive, Suite 1002
McLean, VA 22102
Phone: +1 703 885 1976
E-mail: nicole.busse@kapsch.net

Investor Contact:

Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120
E-mail: ir.kapschtraffic@kapsch.net