EANS-Adhoc: Kapsch TrafficCom selected by the E-ZPass Group in the United States
as Vendor for New 10 Year Technology and Services Contracts
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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22.07.2011
Vienna, July 22, 2011. Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the
Vienna Stock Exchange in the prime market segment, states that the E-ZPass
Group, a coalition of 24 toll agencies in 14 U.S. States, published the
following release in the afternoon of July 21, 2011 local time regarding its
U.S. subsidiary Kapsch TrafficCom IVHS:
E-ZPass Announces Selection of Technology Vendor for New Contract
Electronic toll system will provide devices, readers and equipment without
disruption to 21 million customers
Wilmington, DE - The E-ZPass Group, a coalition of 24 toll agencies in 14 states
that operates the largest interoperable toll collection system in the world,
announced today that it has selected a vendor to provide transponders, readers,
ancillary equipment and services to support the continued operations of the
E-ZPass electronic toll collection system in a new agreement. Following a
comprehensive competitive procurement process, Kapsch TrafficCom IVHS, Inc. has
been selected as the vendor for the new ten-year technology and services
contracts to be awarded by each of the E-ZPass Group member agencies, subject to
individual agency approval processes.
"E-ZPass is the world leader in toll interoperability. Our customers have come
to expect the enhanced travelling experience our interoperable system provides.
They will be well-served by the new contract, as the more than 21 million
transponders in use throughout the 14-state E-ZPass region will remain fully
compatible with the new equipment procured in the future," said PJ Wilkins,
Executive Director of the E-ZPass Group.
Wilkins added that E-ZPass users will not need to take any action as the E-ZPass
Group transitions to the new technology contract.
Kapsch TrafficCom IVHS, Inc. was selected for contract award after responding to
a request for proposal where they received the overall highest score and had the
lowest cost during the evaluation process. Evaluation elements included
technical and non-technical criteria, as well as estimates for operating and
transition costs.
E-ZPass Group Chairman Donald Bell said that the selection of Kapsch TrafficCom
IVHS, Inc. as the technology vendor assures continued high accuracy rates at the
industry´s most competitive prices.
end of ad-hoc-announcement
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Kapsch TrafficCom is an international supplier of superior Intelligent
Transportation Systems (ITS). Its principle business is the development and
supply of electronic toll collection systems, in particular for the multi-lane
free-flow of traffic, and the technical and commercial operation of such
systems. Kapsch TrafficCom also supplies traffic management systems, urban
traffic solutions and selected ITS and telematic applications. With 260
references in 41 countries in all 5 continents, and with almost 44 million
on-board units delivered and more than 18,000 lanes equipped, Kapsch TrafficCom
has positioned itself among the inter nationally recognized suppliers of
electronic toll collection systems. Kapsch TrafficCom is headquartered in
Vienna, Austria, and has subsidiaries and representative offices in 25
countries.
Disclaimer
The information contained in this announcement serves information purposes and
does not constitute an offer to sell nor a solicitation to buy or subscribe for
any securities of Kapsch TrafficCom AG.
This ad-hoc release and the information it contains are not for publication in
the United States of America (U.S.A.) and may not be distributed to U.S. persons
(as defined in Regulation S of the U.S. Securities Act (Securities Act) of
1933, as amended) or to publications with a general circulation in the United
States. This stock exchange announcement does not constitute an offer for the
sale of securities or solicitation of an offer to purchase securities in the
United States. The securities of Kapsch TrafficCom AG have not been registered
under the provisions of the Securities Act and may not be offered, sold or
delivered to U.S. persons without prior registration under or exemption from the
registration requirements.
This ad-hoc release is exclusively addressed to persons (i) outside the United
Kingdom, or (ii) who are investment professionals for the purposes of article
19(5) U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the Order), as amended, or (iii) who are included under article
49(2)(a)(d) of the Order (high net worth companies, unincorporated
associations, etc.). All such persons are hereinafter referred to as Relevant
Persons. No person who is not a Relevant Person may take action on the basis of
this press release or the information contained herein or rely thereon.
Investment or investment activities in connection with this press release are
only available to Relevant Persons, and investment business will only be
transacted with Relevant Persons.
Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.netwww.kapschtraffic.com
end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English