Middle East contract for speed cameras for Redflex Traffic Systems
From: The Daily Telegraph February 11, 2011
RED light and speed camera operator Redflex Traffic Systems has won a staggering $30 million contract to operate almost 500 cameras in the Middle East. Redflex, operating red light, safety cameras and mobile speed cameras across NSW, will supply, install and maintain fixed speed camera systems for police in the United Arab Emirates.
The company said it had won a contract worth more than $5 million, part of a deal which would generate about $30 million.
"The contract is a key milestone for our success in the Middle East and we look forward to a long and successful relationship with the Abu Dhabi police," said general manager Ricardo Fiusco.
Redflex has its main operations in the US with other contracts in Europe, Asia and the Middle East.
RDF Price at posting:
$2.25 Sentiment: None Disclosure: Held