EANS-Adhoc: Kapsch TrafficCom AG / Contract award in Texas for supply of first
total system in North America
Geschrieben am 30-07-2012 |
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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USA/Texas/Finance/Technology
30.07.2012
Contract value for implementation reaches USD 79 million (about EUR
64 million)
Vienna/Dallas, July 30, 2012 - Kapsch TrafficCom AG (ISIN
AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime
market segment, informs that its subsidiary Kapsch TrafficCom IVHS
has been selected to design, build, and integrate the Managed Lane
System (MLS) for both the North Tarrant Express (NTE) and LBJ Express
projects in Dallas and Tarrant Counties in North Texas. The project
scope for Kapsch encompasses delivery of a Toll Collection System
(TCS), Intelligent Transportation System (ITS), and Network
Communication System (NCS), creating a fully integrated MLS. The
agreement signed today extends more than thirty miles of "managed
lanes" - specifically used, administrated and tolled lanes to arrange
the traffic according to different requirements and demands - with 65
toll lanes and 33 toll zones. The total contract value for the
implementation of the system reaches approximately USD 79 million
(about EUR 64 million). The first phase of the system shall start
operation in August 2013.
Kapsch TrafficCom IVHS, has assembled a team of highly-qualified,
experienced Civil, ITS and network infrastructure providers which
includes a number of local Texas-based companies and organizations.
This team complements the electronic tolling capabilities as well as
for the first time in North America also the overall system and
project management as it has been successfully provided by Kapsch for
many years as part of its end-to-end solutions around the globe. The
project will be managed out of the local project management office of
Kapsch in the Dallas/Fort Worth area.
According to Chris Murray, President of Kapsch TrafficCom IVHS,
"We're delighted to have been selected as a supplier of a total
system for the first time in the USA. This project will be one of
North America's newest and premier transportation systems. Hence,
Kapsch has established its position in the supply of systems and has
achieved another milestone towards becoming an end-to-end solutions
provider in the North American market."
"Winning the NTE and LBJ projects represent a major accomplishment
for Kapsch in North America and confirms the adopted strategic path
to deliver superior end-to-end solutions in the highly competitive
North American market", says Georg Kapsch, Chief Executive Officer of
Kapsch TrafficCom Group.
About the North Tarrant Express
The North Tarrant Express is a USD 2.5 billion project dedicated to
improving mobility along 13.5 miles of the IH820 and SH 121/183
(Airport Freeway) corridor in Northeast Tarrant County. The project,
scheduled to open in 2015, will completely reconstruct and upgrade
the existing highway and nearly double the road capacity along the
corridor in order to relieve congestion, improve safety and
accommodate anticipated future population growth. To find out more
about the NTE project, please visit
http://www.northtarrantexpress.com.
About the LBJ Express
Described by state transportation leaders as the most comprehensive
and complex project of its type in the country, the LBJExpress
project will feature dramatic improvements to approximately 17 miles
of I-35E and I-635 in Dallas County. The project limits, which go
from Luna Road to Greenville Ave along I-635 and Loop 12 to Valwood
Parkway along I-35 are part of a new choice-based highway network.
This innovative project will feature a multi-level highway system,
including several miles of depressed lanes, allowing drivers the
choice of continuing on the same number of free, general purpose
lanes available today, or bypassing congestion on new high speed
managed toll lanes. When complete in 2016, the LBJ Express will
reduce travel delays, provide mobility choices, improve safety, and
help reduce the carbon footprint associated with idling traffic. To
learn more and to sign up for traffic alerts and updates, please
visit http://www.lbjexpress.com.
About Kapsch TrafficCom is a provider of high-performance intelligent
transportation systems (ITS) in the application fields of toll
collection, urban access management and traffic safety and security.
Kapsch TrafficCom covers the entire value creation chain of its
customers as a one-stop shop by providing products and components as
well as subsystems as open market products, by integrating them into
turnkey systems or by developing end-to-end solutions, including
services for the technical and commercial operations of systems.
Within its current core business of electronic toll collection (ETC),
Kapsch TrafficCom designs, builds and operates ETC systems, in
particular for multi-lane free-flow traffic. With 280 references in
41 countries on all 5 continents and with almost 70 million on-board
units delivered and about 18,000 lanes equipped, Kapsch TrafficCom
has positioned itself among the internationally recognized suppliers
of electronic toll collection worldwide. Kapsch TrafficCom is
headquartered in Vienna, Austria, and has subsidiaries and
representative offices in 30 countries. In North America the company
operates offices in Ontario, California, Maryland, Pennsylvania,
Virginia and Mexico. For additional information, please visit
http://www.kapschtraffic.com.
Follow us on Twitter: twitter.com/kapschnet
Further inquiry note:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone +43 50 811 1120
Email ir.kapschtraffic@kapsch.net
Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone +43 50 811 1705
Email katharina.riedl@kapsch.net
end of announcement euro adhoc
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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
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