EANS-Adhoc: Kapsch TrafficCom AG Awarded Contract to Provide New Toll System for
Port Authority of New York and New Jersey
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) 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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Government Contracts
25.07.2016
Subtitle: At up to 134 million Euro, largest system delivery contract in the
corporate history in the U.S.
Vienna/McLean, July 25, 2016 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed
on the Vienna Stock Exchange in the prime market segment, announces that its
subsidiary Kapsch TrafficCom North America has been awarded a contract to
replace the toll collection system at all bridges and tunnels managed by the
Port Authority of New York and New Jersey (PANYNJ). In addition, Kapsch will
perform ongoing system maintenance upon completion of the new toll system
installation for a six-year period, with options to extend for up to three two-
year periods. The potential total value of the entire two-part project to Kapsch
is approximately 134 million Euro (147 million USD).
The initial contract is for the design and implementation of the replacement
toll collection system - roadside equipment and express toll lanes - at PANYNJ's
six bridge and tunnel facilities, including the Bayonne, Goethals, Outerbridge
Crossing, and George Washington bridges, as well as the Holland and Lincoln
tunnels. The initial work will commence in August 2016, with all equipment to be
replaced by the end of 2020.
Kapsch has a strong local presence in New York and New Jersey and has provided
products and services to the E-ZPass Group since 1994, an association of 38 toll
agencies in 16 US-states that operates the E-ZPass electronic toll collection
program. "As the first collaborative project between Kapsch TrafficCom and its
recently-acquired Schneider Electric transportation business division, it
represents the power of these newly-joined businesses to create original and
unique value for our customers," said Georg Kapsch, CEO of Kapsch TrafficCom AG.
The acquisition was completed in April 2016 and included an industry-leading
portfolio of integrated Advanced Traffic Mangement Software (ATMS) solutions -
for urban, highway, and tunnel applications; electronic toll collection; and
transit solutions.
In recent years, Kapsch has succeeded in establishing itself as a complete
provider of end-to-end tolling solutions in the important US-market. Just
recently, at the end of July, the RiverLink tolling system implemented by Kapsch
officially entered into operation. RiverLink is the new electronic tolling
system for the three bridges also known as the Louisville-Southern Indiana Ohio
River Bridges. Kapsch was awarded the installation, integration, operation and
maintenance of an electronic toll system for multi-lane, free-flow traffic as
well as the operation of a back office system and a customer service center in
January 2014, with a total project value of approximately 36.7 million Euro (41
million USD). These projects as well as a number of references will open up new
potential for Kapsch on the U.S. market.
Further inquiry note:
Press Contact:
Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
E-mail: ingrid.lawicka@kapsch.net
Investor Contact:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120
E-mail: ir.kapschtraffic@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