EANS-Adhoc: Kapsch TrafficCom AG
Contract award in Texas for supply of first
total system in North America
30.07.2012 – 15:41
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- USA/Texas/Finance/Technology 30.07.2012 Contract value for implementation reaches USD 79 million (about EUR 64 million) Vienna/Dallas, July 30, 2012 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, informs that its subsidiary Kapsch TrafficCom IVHS has been selected to design, build, and integrate the Managed Lane System (MLS) for both the North Tarrant Express (NTE) and LBJ Express projects in Dallas and Tarrant Counties in North Texas. The project scope for Kapsch encompasses delivery of a Toll Collection System (TCS), Intelligent Transportation System (ITS), and Network Communication System (NCS), creating a fully integrated MLS. The agreement signed today extends more than thirty miles of "managed lanes" - specifically used, administrated and tolled lanes to arrange the traffic according to different requirements and demands - with 65 toll lanes and 33 toll zones. The total contract value for the implementation of the system reaches approximately USD 79 million (about EUR 64 million). The first phase of the system shall start operation in August 2013. Kapsch TrafficCom IVHS, has assembled a team of highly-qualified, experienced Civil, ITS and network infrastructure providers which includes a number of local Texas-based companies and organizations. This team complements the electronic tolling capabilities as well as for the first time in North America also the overall system and project management as it has been successfully provided by Kapsch for many years as part of its end-to-end solutions around the globe. The project will be managed out of the local project management office of Kapsch in the Dallas/Fort Worth area. According to Chris Murray, President of Kapsch TrafficCom IVHS, "We're delighted to have been selected as a supplier of a total system for the first time in the USA. This project will be one of North America's newest and premier transportation systems. Hence, Kapsch has established its position in the supply of systems and has achieved another milestone towards becoming an end-to-end solutions provider in the North American market." "Winning the NTE and LBJ projects represent a major accomplishment for Kapsch in North America and confirms the adopted strategic path to deliver superior end-to-end solutions in the highly competitive North American market", says Georg Kapsch, Chief Executive Officer of Kapsch TrafficCom Group. About the North Tarrant Express The North Tarrant Express is a USD 2.5 billion project dedicated to improving mobility along 13.5 miles of the IH820 and SH 121/183 (Airport Freeway) corridor in Northeast Tarrant County. The project, scheduled to open in 2015, will completely reconstruct and upgrade the existing highway and nearly double the road capacity along the corridor in order to relieve congestion, improve safety and accommodate anticipated future population growth. To find out more about the NTE project, please visit http://www.northtarrantexpress.com. About the LBJ Express Described by state transportation leaders as the most comprehensive and complex project of its type in the country, the LBJExpress project will feature dramatic improvements to approximately 17 miles of I-35E and I-635 in Dallas County. The project limits, which go from Luna Road to Greenville Ave along I-635 and Loop 12 to Valwood Parkway along I-35 are part of a new choice-based highway network. This innovative project will feature a multi-level highway system, including several miles of depressed lanes, allowing drivers the choice of continuing on the same number of free, general purpose lanes available today, or bypassing congestion on new high speed managed toll lanes. When complete in 2016, the LBJ Express will reduce travel delays, provide mobility choices, improve safety, and help reduce the carbon footprint associated with idling traffic. To learn more and to sign up for traffic alerts and updates, please visit http://www.lbjexpress.com. About Kapsch TrafficCom is a provider of high-performance intelligent transportation systems (ITS) in the application fields of toll collection, urban access management and traffic safety and security. Kapsch TrafficCom covers the entire value creation chain of its customers as a one-stop shop by providing products and components as well as subsystems as open market products, by integrating them into turnkey systems or by developing end-to-end solutions, including services for the technical and commercial operations of systems. Within its current core business of electronic toll collection (ETC), Kapsch TrafficCom designs, builds and operates ETC systems, in particular for multi-lane free-flow traffic. With 280 references in 41 countries on all 5 continents and with almost 70 million on-board units delivered and about 18,000 lanes equipped, Kapsch TrafficCom has positioned itself among the internationally recognized suppliers of electronic toll collection worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 30 countries. In North America the company operates offices in Ontario, California, Maryland, Pennsylvania, Virginia and Mexico. For additional information, please visit http://www.kapschtraffic.com. Follow us on Twitter: twitter.com/kapschnet Further inquiry note: Marcus Handl Investor Relations Officer Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria Phone +43 50 811 1120 Email ir.kapschtraffic@kapsch.net Katharina Riedl Spokesperson Kapsch AG Am Europlatz 2, 1120 Vienna, Austria Phone +43 50 811 1705 Email katharina.riedl@kapsch.net end of announcement euro adhoc -------------------------------------------------------------------------------- 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