[Editor: This is the text of a news release from Kapsch.]
Kapsch TrafficCom secures new contract for the Gateway and Logan Motorways in Queensland, Australia
Vienna/Queensland, July 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 Transurban Queensland for a new project to fully replace the existing road tolling system for the Gateway and Logan Motorways in Queensland, Australia. The scope of the project comprises supply of a new tolling system with 14 tolling points, and is valued at over 9 million EUR (14 million AUD).
For the Gateway and Logan Upgrade Project Kapsch will deliver Transurban Queensland the latest in cutting-edge tolling technology based on the company’s single gantry multi-lane free-flow (MLFF) platform and next-generation stereoscopic vision technology for both Vehicle Detection and Classification (VDC) and Automatic Number Plate Recognition (ANPR). The key project objectives are improving performance by replacing the legacy tolling system with Kapsch’s state of the art technology whilst minimizing the impact on motorists, a critical consideration for motorways with daily traffic in excess of 271,000 vehicles. “Kapsch are pleased to expand on the strong partnership that has been formed with Transurban since we first commenced working together on the Melbourne Citylink Project in 1997. We are proud to be able to deliver our latest cutting edge tolling solution to toll the iconic Sir Leo Hielscher Bridges on the Gateway and Logan Motorways,” explains André F. Laux, Chief Operating Officer at Kapsch TrafficCom. “With this agreement we have secured our sixth multi-lane free-flow tolling project in Queensland, joining the AirportLink, Legacy Way, CLEM7, Go Between Bridge and Toowoomba Second Range Crossing, and are now the sole supplier of roadside ETC systems in Queensland.”
The Gateway (including the Gateway Extension) and Logan Motorways comprise over 60 kilometres of motorway, and are part of Transurban Queensland’s go via network of Brisbane toll roads. The Gateway Motorway provides an efficient and safe Brisbane city bypass, north-south connection between the Gold Coast and Sunshine Coast, and access to the busy port of Brisbane and airport precincts. The Logan Motorway is located to the south-west of Brisbane City and provides an essential connection between Logan, Brisbane and Ipswich.
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.
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Ingrid Lawicka, Spokesperson
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
Marcus Handl, Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120