Gunnebo signs Metro-order to China worth MEUR 1.5
Gunnebo Security Group has been successful in securing an order for the Shenzhen Metro System, Line 5, worth more than MEUR 1.5.
Shenzhen Metro has awarded Gunnebo, through its “AFC” (automatic fair-collection/ticketing systems) integrator, an order to provide metro flap-gates, specially designed for high volume and safe use in metro stations, for its new line 5 project. According to the contract, Gunnebo will deliver around 400 entry- and exit gates during 2010. “The Chinese metro-market is undergoing substantial growth and I am very pleased that Shenzhen Metro has chosen Gunnebo for this prestigious order”, says Gunnebo President and CEO Per Borgvall. “Gunnebo’s extensive experience and professional support regarding metro entrance control solutions proved decisive in Shenzhen Metro’s choice of supplier. With our future plans to have our own company in China, Gunnebo will be even more active on this booming market and there are great opportunities to further develop our already now successful and profitable metro-business”, concludes Per Borgvall. The gates that Gunnebo are providing have a reputation in managing high throughput-numbers, with proven reliability and durability. The gates were initially designed for use in the KCRC-metro-system in Hong Kong which created the regional benchmark, with subsequent installations in Beijing, Shanghai, and many other Metro systems throughout China. GUNNEBO AB (publ) Group Communications For further information, please contact: Per Borgvall, President and CEO Gunnebo AB, +46 31 83 68 00, or Karin Wallström, Group Communication Manager Gunnebo AB, tel. +46 31 83 68 06, mobile: +46 708 28 33 39, or e-mail karin.wallstrom@gunnebo.com For more info on Gunnebo’s offer within entrance control, please see www.gunnebo.com/entrancecontrol Gunnebo discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.38 CET on February 11, 2010.