Sensys Gatso receives three-year TRaaS contract extension, valued at SEK 44 million for speed photo enforcement in Des Moines, Iowa

Sensys Gatso Group, a global leader in traffic safety solutions, through its American subsidiary Sensys Gatso USA, signed a three-year, Traffic-as-a-Service (TRaaS) contract extension with Des Moines, Iowa valued at approximately 4.7 million USD over the contract period, approximately SEK 44 million.

This extension demonstrates the close managed service partnership between the Iowa state capitol Des Moines and Sensys Gatso. The TRaaS partnership began in 2011 and has grown to cover red light camera systems with “speed-on-green” functionality, highway speed enforcement systems and in-vehicle mobile speed enforcement units throughout the City. 

Underpinning the leading speed and red light camera technology are Sensys Gatso`s market leading PULS and Xilium software platforms. Through seamless integration of all elements of an automatic traffic enforcement solution from image capture to customer services and payment collection, Sensys Gatso provides the city with a full end to end and turn-key traffic enforcement solution. 

“We are proud to continue our relationship with Des Moines and are encouraged that our TRaaS solution continues to support traffic and community safety in a seamless and efficient manner for the City” said Ivo Monnink, CEO of Sensys Gatso Group.

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 13.45 on April 12, 2022.

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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