Sensys Gatso Australia Lands $2.2M Contract

Sensys Gatso Group, a renowned leader in traffic safety solutions, continues to solidify its global presence with a new contract win through its subsidiary, Sensys Gatso Australia. The company has secured a significant order valued at 2.2 million AUD, equivalent to 14 million SEK, from Serco Traffic Camera Services, acting on behalf of the Victorian Government. This contract involves the delivery of trailer-mounted mobile camera systems and services over a four-year period.

The Traffic Enforcement as a Service (TRaaS) model is a cornerstone of Sensys Gatso Australia's offerings, already established in Victoria through direct government contracts and partnerships with entities like Serco. This new agreement further extends Sensys Gatso's reach, providing advanced trailer-mounted mobile systems that complement existing vehicle-mounted solutions in the region.

The initial contract runs until October 2029, with options for three additional extensions of up to two years each, providing a robust framework for ongoing collaboration. This agreement allows for additional systems to be added on a service basis, enhancing flexibility and scalability.

Enzo Dri, Managing Director of Sensys Gatso Australia, expressed enthusiasm about the project, stating, 'The deployment of mobile traffic safety systems through our trailer-mounted speed monitoring cameras offers increased operational flexibility within Victoria's traffic safety program. This latest technological solution from Sensys Gatso, delivered as a service, continues to provide our customers with the benefits of innovation, commercial flexibility, and reliable support.'

For investors, this contract represents a promising opportunity to capitalize on Sensys Gatso's expanding footprint in the traffic safety market. The company's strategic partnerships and innovative solutions position it well for growth. Given the long-term nature of the contract and the potential for extensions, investors might consider holding Sensys Gatso shares as the company strengthens its market position.