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Government Contracts/Contracts
Vienna - Two major operations projects in the tolling segment have been extended
at similar conditions:
* The South African National Roads Agency (SANRAL) requested an extension of the
contract by 12 months, i.e., until December 2021. The revenues per months will
be at around EUR 3.7 million.
* The current contract to support the operation of the nation-wide electronic
toll system in Poland is scheduled to expire in the first week of February.
Kapsch TrafficCom has been awarded a further extension of the contract by five
months, e.g., until early July 2021. The revenues per month will be stable at
around EUR 2.4 million.
In Poland, Kapsch TrafficCom has also been awarded the provision of direct
distribution services with regard to the new satellite-based toll system (Global
Navigation Satellite Systems, GNSS). This system is still to be built and
implemented. Then, Kapsch TrafficCom will be in charge of the implementation and
provision of customer services. They include the registration and activation of
truck's external location system units or truck drivers' smartphones in the
system as well as the distribution of on-board units. Kapsch TrafficCom will
also increase the number of distribution points. The project start is aligned
with the start of the new toll system. The contract has a term of 24 months with
a total volume of up to about EUR 30 million.
Kapsch TrafficCom is a globally renowned provider of transportation solutions
for sustainable mobility. Innovative solutions in the application fields of
tolling, tolling services, traffic management and demand management contribute
to a healthy world without congestion.
Kapsch has brought projects to fruition in more than 50 countries around the
globe. With one-stop solutions, the company covers the entire value chain of
customers, from components to design and implementation to the operation of
systems.
As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has
subsidiaries and branches in more than 30 countries. It has been listed in the
Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol:
KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues
of EUR 731 million.
Further inquiry note:
Investor contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
T +43 50 811 1122
ir.kapschtraffic@kapsch.net
Press contact:
Carolin Treichl
Executive Vice President Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
T +43 50 811 1710
carolin.treichl@kapsch.net
Mohamed Thaler-Youssef
Public Relations
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
T +43 50 811 1705
mohamed.thaler-youssef@kapsch.net
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2235/5/10647603/1/CN_KTC_210111_Extension_of_major_projects.pdf
(END) Dow Jones Newswires
January 11, 2021 04:00 ET (09:00 GMT)