03/31/2017 | Press release | Distributed by Public on 04/21/2017 08:54
31 March 2017
Redflex Holdings Limited | ABN 96 069 306 216
Extension of Contract with Roads & Maritime Services, New South Wales
Redflex Holdings Limited (ASX:RDF) (Company) announces that the Company's subsidiary, Redflex Traffic Systems Pty Ltd, has received written confirmation of a one year extension of its existing contract with Roads & Maritime Services (RMS).
During the extension, the Company's subsidiary will continue to supply services to RMS for the operation of mobile roadside speed photo enforcement throughout New South Wales. The Company has been providing these services to RMS since 2010. It is anticipated that the extension will generate revenue of AUD13 million for the Company over the 12-month period. After the end of the extension it is expected that the New South Wales State Government will re-tender these services.
RMS is an agency within 'Transport for NSW' (part of the New South Wales State Government) with the responsibilities to deliver safe and efficient journeys throughout New South Wales and to manage the operations and programs of roads and waterways.
The Redflex Group has established itself as a world leader in traffic enforcement products and services, developing world leading enforcement camera technology and owning and operating one of the largest networks of digital speed and red-light cameras in the world. Redflex develops and manufactures a wide range of digital photo enforcement solutions including red light camera, speed camera and school bus stop arm camera systems all utilising the most advanced sensor and image capture technologies.
The Redflex Group runs its own systems engineering operations, system integration technologies and innovation centre for research and development. With our continuous development of new safety products, the Redflex Group has been helping to reduce collisions and to save lives for more than 20 years.
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Redflex Holdings Limited was listed on the Australian Securities Exchange in January 1997. For further information:
Redflex Holdings Limited