[Editor: This is the text of a news release from Kapsch TrafficCom.]
Kapsch TrafficCom secures new contract for Supply of Electronic Tags to Roads and Maritime Services NSW
Vienna/New South Wales, October 11, 2016 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, announces that its subsidiary Kapsch TrafficCom Australia Pty Ltd has reached agreement with Roads and Maritime Services (RMS) in New South Wales, Australia for the supply of electronic transponders under a 2-year framework agreement, with options for extending a further 2+1 years. This contract has a potential value of over 15 million EUR (24 million AUD) if both extensions are exercised.
“This contract, with an industry-leading road agency and in a market that demands the highest level of performance, further validates Kapsch’s reputation for delivering quality products that meet the highest levels of performance and value,” says Mr Soren Tellegen, Executive Vice President Oceania at Kapsch TrafficCom.
Kapsch will deliver to RMS the latest in cutting-edge tolling transponder technology, its TRP 4010 transponder. The TRP 4010 fulfils all CEN performance requirements, and is proven in demanding applications including high-speed multi-lane free-flow and congested and stop-and-go traffic environments. Data security and integrity is ensured through a high degree of integration in combination with efficient integral cryptographic functions based on the DES and triple-DES algorithms.
“Australia is an advanced technology market, where road authorities and state departments recognise the significance and possibilities of intelligent mobility and transportation solutions. Kapsch is proud to deliver our latest technology in this growing region,” explains André F. Laux, Chief Operating Officer at Kapsch TrafficCom.
Roads and Maritime Services is a New South Wales (NSW) Government agency delivering safe and efficient journeys throughout NSW, managing the operations and programs of roads and waterways.
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 44 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 3,700 employees.