25.07.2016,
3514 Zeichen
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The
issuer is solely responsible for the content of this announcement.
Government Contracts
25.07.2016
Subtitle: At up to 134 million Euro, largest system delivery contract in the
corporate history in the U.S.
Vienna/McLean, July 25, 2016 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed
on the Vienna Stock Exchange in the prime market segment, announces that its
subsidiary Kapsch TrafficCom North America has been awarded a contract to
replace the toll collection system at all bridges and tunnels managed by the
Port Authority of New York and New Jersey (PANYNJ). In addition, Kapsch will
perform ongoing system maintenance upon completion of the new toll system
installation for a six-year period, with options to extend for up to three two-
year periods. The potential total value of the entire two-part project to
Kapsch is approximately 134 million Euro (147 million USD).
The initial contract is for the design and implementation of the replacement
toll collection system - roadside equipment and express toll lanes - at
PANYNJ's six bridge and tunnel facilities, including the Bayonne, Goethals,
Outerbridge Crossing, and George Washington bridges, as well as the Holland and
Lincoln tunnels. The initial work will commence in August 2016, with all
equipment to be replaced by the end of 2020.
Kapsch has a strong local presence in New York and New Jersey and has provided
products and services to the E-ZPass Group since 1994, an association of 38
toll agencies in 16 US-states that operates the E-ZPass electronic toll
collection program. "As the first collaborative project between Kapsch
TrafficCom and its recently-acquired Schneider Electric transportation business
division, it represents the power of these newly-joined businesses to create
original and unique value for our customers," said
Georg Kapsch, CEO of Kapsch
TrafficCom AG. The acquisition was completed in April 2016 and included an
industry-leading portfolio of integrated Advanced Traffic Mangement Software
(ATMS) solutions - for urban, highway, and tunnel applications; electronic toll
collection; and transit solutions.
In recent years, Kapsch has succeeded in establishing itself as a complete
provider of end-to-end tolling solutions in the important US-market. Just
recently, at the end of July, the RiverLink tolling system implemented by
Kapsch officially entered into operation. RiverLink is the new electronic
tolling system for the three bridges also known as the Louisville-Southern
Indiana Ohio River Bridges. Kapsch was awarded the installation, integration,
operation and maintenance of an electronic toll system for multi-lane,
free-flow traffic as well as the operation of a back office system and a
customer service center in January 2014, with a total project value of
approximately 36.7 million Euro (41 million USD). These projects as well as a
number of references will open up new potential for Kapsch on the U.S. market.
end of announcement euro adhoc
issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/411/aom
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Kapsch TrafficCom
Akt. Indikation: 8.02 / 8.30
Uhrzeit: 21:08:12
Veränderung zu letztem SK: -0.24%
Letzter SK: 8.18 ( 0.74%)
Bildnachweis
1.
Hans Jörg Schelling (Finanzminister), Reinhold Mitterlehner (Wissenschaftsminister), Georg Kapsch (IV-Präsident) : Leitbetriebe unterstützen, Österreich an die Spitze bringen : Standortstrategie hat s
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