Ad-hoc Release: Kapsch TrafficCom awarded a nation-wide concession contract to improve road safety and traffic management in Zambia.
September 19, 2017 at 01:10 pm EDT
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Kapsch TrafficCom has been awarded a nation-wide concession contract by the Zambian Government for the design, installation and operation of systems and solutions for traffic surveillance, vehicle speed enforcement, vehicle inspection and vehicle registration. This scope of service will be realized step by step during a ramp-up phase as a part of a 17-year contract.
For this project, Kapsch TrafficCom has entered into a 50:50 joint venture with Lamise Trading Limited, a Zambian company based in Lusaka. Expected revenues in the first three years of operation are projected to be in the range of EUR 90 million to EUR 110 million. With the signature of Zambian officials, the contract entered into force with immediate effect.
Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways alike while helping to reduce pollution.
Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. The family-owned company is headquartered in Vienna, Austria and in 2017 celebrated 125 years of successfully developing and implementing new technologies for the benefit of its customers. As part of the Kapsch Group, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than 4,800 employees, and generated revenue of approximately EUR 648.5 million in fiscal year 2016/17.
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Kapsch TrafficCom AG published this content on 19 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 September 2017 17:09:03 UTC.
Original documenthttp://www.kapsch.net/ktc/investor_relations/announcements/ad-hoc-announcements/ktc_20170919_adhoc
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Kapsch Trafficcom AG is an Austria-based provider of intelligent transportation systems (ITS) in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. The Company offers end-to-end solutions, from components, through design and installation of systems, to technical and commercial operation of these systems. It operates through two segments: Electronic Toll Collection (ETC) and Intelligent Mobility Solutions (IMS). The ETC segment includes projects for the construction, maintenance and operation of systems that include electronic toll collection for the payment of tolls without stopping at a toll station, as well as manual toll collection systems. The IMS segment includes systems for traffic monitoring and safety, control of commercial vehicles and electronic vehicle registration, intelligent parking and intermodal mobility, as well as operational monitoring of public transport and environmental facilities.
KAPSCH TRAFFICCOM AG 
