TRAFFIC TECHNOLOGIES TO EQUIP QATAR 2022

Traffic Technologies Ltd (TTL) will provide software and hardware systems to boost the efficiency of traffic management at the FIFA World Cup Qatar 2022.

TTL will supply Smart City traffic controllers and software for Qatar’s road network in time for the World Cup 2022.

The FIFA World Cup runs from November 21 to December 18, and will see 32 teams competing across seven new stadiums and one renovated.

TTL’s Smart City system gives a digital representation of the road network enabling more efficient traffic management across multiple transport modes.

The data can be used for applications such as traffic control and features the company’s latest ‘special priority engine’ application for bus priority.

TTL has structured the sale as a software as a service (SaaS) offering which will provide revenues of $1.4 million this year and annually after 2023.

Managing director Con Liosatos said:

“The contract is a milestone for the company as it represents a significant opportunity to deploy next generation Smart City technology in an expanding overseas market.

“We see this as a pivotal step for the company in providing SaaS across our markets and in particular using digital technologies to manage multiple transport systems…including autonomous vehicles in future.”