Thursday, 29 September 2005 18:16

Redflex captures another US deal

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In what is beginning to become an almost monotonous string of clone-like deals, Redflex Traffic Systems Inc, the US subsidiary of Redflex Holdings (ASX:RDF), has been awarded a new photo enforcement contract with the City of Loma Linda in California.

Under a five year contract with two, two year renewal options, Redflex will deliver fixed red-light enforcement systems for up to 10 intersections. The format of the contract is virtually identical in size and scope to a number of US contracts announced over the past year. Based on the estimated costing of one such deal, the revenue of the latest contract is about US$6.5 million.


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Stan Beer

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Stan Beer co-founded iTWire in 2005. With 35 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

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