EANS-Adhoc: Kapsch TrafficCom AG Contract award in Texas for supply of first
total system in North America
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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
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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