Sensys Gatso receives five year TRaaS contract for traffic safety in Fort Dodge IA, valued at approximately SEK 12 million

Sensys Gatso Group, a global leader in traffic safety systems, through its subsidiary Sensys Gatso USA, has signed a five-year base-term automated speed enforcement contract with the City of Fort Dodge, Iowa. The city had previously contracted with another vendor. The contract is estimated to be worth up to $1.25 million USD, corresponding to SEK 12 million. The program is anticipated to begin in late spring of 2023.

“The City of Fort Dodge has utilized automated traffic enforcement for over a decade. With a comparably small staff of sworn officers, automated enforcement allows the FDPD to provide effective speed enforcement, without taking officers away from important police work. It truly is a force multiplier for us. Recently our incumbent provider discontinued service to the City. We were fortunate to have Sensys Gatso, with a significant presence in Iowa, able to step in and help the City”, said City Manager David Fierke.

“We're excited to announce our partnership with Fort Dodge, the Sensys Gatso team is eager to help with the transition of their traffic safety program. Our technology and services will provide Fort Dodge with the needed tools to promote traffic safety and reduce dangerous driving in the community", said Sensys Gatso USA President and Managing Director, Bill Braden.  

Sensys Gatso USA now has 10 contracted automated traffic enforcement programs in the state of Iowa.

This information is information that Sensys Gatso Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12.35 on January 26, 2023.

For further information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
E-mail: investors@sensysgatso.com

Sensys Gatso Group AB is a global leader in traffic management solutions for nations, cities and fleet owners. Sensys Gatso Group has subsidiaries in Australia, Costa Rica, Germany, the Netherlands, Sweden and the USA, and a branch office in the United Arab Emirates and has 263 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm. 

For further information, visit www.sensysgatso.com

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