Traffic Technologies Ltd. announced that following an initial order of street lights by Ausgrid in March 2022, company has received a further additional order for the supply of 7,000 next generation LED street lights. The street lights supplied will form part of a major upgrade announced by Ausgrid and Southern Sydney Regional Organisation of Councils (SSROC) Inc. and up to 33 local councils previously announced. Ausgrid is the larger distributor of electricity on Australia's east coast, and owns, maintains and operates the electrical networks supplying 1.8 million customers in Sydney, the Central Coast and Hunter regions of New South Wales.

It is owned by the NSW Government, IFM Investors and Australian Super. As part of the smart lighting upgrade program across Australia, Ausgrid has announced a significant expansion in the number of street lights to be upgraded in NSW, with more than 92,000 to be upgraded by it over the next three years, both for main roads and residential streets. Since company's initial contract was signed in August 2020, the Company has received orders for over 39,000 street lights from Ausgrid, with a value of over $11 million.

The Company is well placed to continue to supply company's state-of-the-art, energy efficient and environmentally friendly LED street lights over the Australia-wide upgrade program.