ERG 0.00% 2.6¢ eneco refresh ltd

Wins New Contract

  1. 54 Posts.

    HOMEX - Perth

    ERG Group today announced it has been awarded the contract to install
    a smart card based fare collection system for the Las Vegas Monorail
    Project. The contract has been awarded by Bombardier Transportation,
    a unit of Bombardier Inc, a Canadian based diversified manufacturing
    and service company.

    The Las Vegas monorail system is scheduled to be opened to the public
    in early 2004 and is expected to carry 19 million passengers in its
    first year of operation. The monorail will service 60,000 hotel rooms
    and the world's largest convention centre. There will be seven new
    stations built in the first phase of the project and a further five
    stations will be included in an extension to be built in the near

    The system will cater for contactless smart cards as well as magnetic
    tickets for single journeys. In conjunction with the ticketing
    system, ERG has been contracted to install its central computer
    processing system. The total system will be capable of expansion into
    multiple applications for smart cards including electronic purse for
    casinos, security access and loyalty schemes. The monorail smart card
    scheme will also be able to be integrated with other transport modes
    such as the city's bus network at a future date.

    The Las Vegas project is the fifth city in North America that has
    chosen the ERG smart card technology for public transport after San
    Francisco, Ventura County (outside Los Angeles), Seattle and Toronto.

    Mr Mike Nash, President of ERG's North American Operations said:
    "This contract is further evidence of ERG's strong presence in the
    North American market. Las Vegas will join our projects in San
    Francisco, Toronto and Ventura County in Los Angeles as live
    demonstrations of the value of our technology."



    The ERG Group is a world leader in the development and supply of
    integrated fare management and software systems for the transit
    industry, and for its smart card systems and services. The Group
    includes Belgian-based Proton World, specialising in high security,
    payment and identity smart card systems. ERG has 17 offices across 13
    countries and employs approximately 880 people. ERG's customer list
    includes automated fare collection projects in more than 200 cities
    and in excess of 50 banks through Proton's licence agreements.
    Throughout the world, the Group has more than 50 million smart cards
    in circulation. ERG is an Australian-based company, listed on the
    Australian Stock Exchange.

watchlist Created with Sketch. Add ERG (ASX) to my watchlist
(20min delay)
Mkt cap ! $7.081M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 111222 2.7¢

Sellers (Offers)

Price($) Vol. No.
4.5¢ 6000 1
View Market Depth
Last trade - 10.02am 20/05/2022 (20 minute delay) ?
ERG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.