November 2021: Traffic Technologies Awarded $5.7 Million Orders for Intelligent Traffic Control Equipment Announcement Highlights
• Traffic Technologies has been awarded orders by Coates to supply $5.7 million of Intelligent Traffic Control equipment.
• Delivery expected to be completed June 2022.
• Portable Intelligent Traffic Control equipment will monitor, display and inform motorists of road hazards, construction zones and adverse conditions.
• Orders were awarded to the iTS (‘Intelligent Traffic Systems’) business acquired by Traffic Technologies in June 2021.
Traffic Technologies Ltd (ASX: TTI) (‘Traffic Technologies’ or the ‘Company’) is pleased to announce that it has been awarded orders by Coates to supply $5.7 million of Intelligent Traffic Control equipment consisting of electronic signs, radar equipment and associated software. Delivery of the signs is expected to be completed by June 2022. The portable Intelligent Traffic Control equipment will monitor, display and inform motorists of road hazards, construction zones and adverse conditions ahead optimising traffic flows. In receiving critical information, motorists can make informed decisions ahead of time in a relevant and timely manner, enabling better informed motorists to help create safer and smoother traffic flows on our road network. The orders were awarded to the iTS (‘Intelligent Traffic Systems’) business acquired by the Company in June 2021. Based in Brisbane, the ITS business designs, manufactures and supplies Intelligent Traffic Control solutions.
Register for a briefing Join MD Con Liosatos for a live investor briefing at 11am AEDT on Thursday 18th November, where he will provide a company update and discuss the announcement in more detail. Register here – https://traffictechnologies.investorportal.com.au/live-investor-briefing/ Request Rights Issue form: On 3 November 2021 Traffic Technologies announced a Rights Issue to raise up to $10.13 million. Shareholders can request an electronic copy of their personalised Enquiries:
Mr. Con Liosatos (Managing Director)
T: +61 3 9430 0222
E: [email protected]