RDF 0.00% 39.0¢ redflex holdings limited

new contract-2.3 million

  1. 8,034 Posts.
    REDFLEX HOLDINGS LIMITED 2003-03-31 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    The Directors are pleased to announce that Redflex Traffic Systems
    Pty Ltd, a subsidiary of Redflex Holdings Limited, has been awarded a
    contract for the supply of 27 red-light and speed combination photo
    enforcement systems installed within intersections for the Department
    of Justice in the State of Victoria.

    The award follows the competitive trial of best in class peer group
    systems during 2002 and is Redflex first sale of red-light photo
    enforcement equipment in this jurisdiction. Redflex will deliver
    systems which incorporate significant performance improvements and
    manufacturing cost reductions for the contract.

    Redflex has also executed a heads of agreement with Violation
    Enforcement Systems Pty Ltd (VES) based in South Africa for the
    supply of five red-light photo enforcement systems, software support
    and option for violation processing back office technologies within
    South Africa. The heads of agreement is subject to obtaining the
    required in-country certification and approval by the board of VES.
    The agreement provides for the supply of additional systems and
    services, which can be exercised at the option of VES.

    The Heads of Agreement provides market access with an existing wet
    film photo enforcement provider. Redflex Traffic Systems market
    presence will increase to five countries across 27 Cities world wide
    for photo enforcement systems and services.

    The Redflex Group is based in South Melbourne, Victoria, where it
    operates systems engineering and manufacturing operations, as well as
    complex system integration and research and development programs. The
    Redflex Group employs about 130 people in Australia and the USA with
    offices and representatives located on all continents.

    For further information:

    Graham Davie
    CHIEF EXECUTIVE OFFICER
    Redflex Holdings Limited
    Tel: +61 3 9674 1712
    email: [email protected]

    Bruce Higgins
    PRESIDENT & CEO
    Redflex Traffic Systems Inc
    Tel:+1-480-9987478
    email: [email protected]
 
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