04/12/2017 | Press release | Distributed by Public on 04/21/2017 08:51
12 April 2017
Redflex Holdings Limited | ABN 96 069 306 216
Continuation of the 'GoSafe' Program in Ireland
Redflex Holdings Limited (ASX:RDF) (Company) announces that the Company's subsidiary, Redflex Traffic Systems Pty Ltd, has today entered into a contract with the 'GoSafe' consortium (Road Safety Operations Ireland Limited) to continue to support the 'GoSafe' Program in the Republic of Ireland. The Company has been supporting the 'GoSafe' Program since 2010.
The 'GoSafe' Program is governed by an agreement between 'GoSafe' and An Garda Síochána (also known as Gardaí), the National Police Service of the Republic of Ireland, for the provision and operation of safety cameras on a managed service basis.
The Company's continued involvement in the 'GoSafe' Program will be for an initial term of six years with an option to extend for one year. As part of the program, the Company, through its subsidiary, will supply new hardware and software for photo enforcement cameras. It is anticipated that the Company's contract with 'GoSafe' will generate revenue of approximately AUD8.5 million for the Company over the next six years.
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