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read moreRedflex wins another multi-million US deal
Stan Beer
Thursday, 22 September 2005 10:00
The US traffic camera subsidiary of Redflex Holdings (ASX:RDF), Redflex Traffic Systems Inc., has won another its build-own-operate-maintain contract with the City of Rocklin in the State of California, in an estimated US$6.5m deal.
Under a five year contract with two by two year renewal options, Redflex will deliver fixed red light enforcement systems at ten locations. Based on a previous deal in which redflex supplied a similar system for US$6,000 per month per intersection, the current contract is worth a potential US$6.5 million over nine years.
Chief Mark Siemens of the Rocklin Police Department said, "Rocklin is pleased to lead the nation in using the most advanced technologies to substantially improve public safety. We are pleased to be working with Redflex, as their customer references, understanding of our requirements, and their overall technical capabilities were deemed to be superior to the competition. We look forward to working with Redflex Traffic Systems and to improving traffic safety for our citizens."
RDF shares climbed 2c to close on $3.30 in a solid day of trading.
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