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23.04.2018 – 14:00

Kapsch TrafficCom AG

EANS-News: Kapsch TrafficCom AG Awarded Contract to Upgrade Toll Collection Equipment on Maryland Roads

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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New system will replace all roadside tolling equipment with latest RFID toll
readers and automated license plate recognition technology 

Government Contracts/Contracts

Vienna/McLean (US) - The Maryland Transportation Authority (MDTA) has awarded
Kapsch TrafficCom (Kapsch) a contract to replace and maintain all roadside
tolling equipment in the mixed-mode, cash, and express toll lanes under MDTA
management. The contract commenced in February 2018 and includes the replacement
of all toll equipment, expected to be converted to the Kapsch system by 2020,
and six years of subsequent operations and maintenance as well as the option to
extend the contract for additional four years. The project volume of the base
contract exceeds EUR 55 million and will be managed locally from the Kapsch
office in Rockville, Maryland.

The new roadside equipment will include RFID toll readers, automated license
plate recognition (ALPR) cameras, and scanners in the mixed-mode lanes. In
addition, Kapsch will install its stereoscopic Vehicle Detection and
Classification sensor (nVDC) in the all-electronic toll (AET) lanes. The nVDC is
a 3D video-based sensor that can track and classify vehicles throughout the
entire toll zone while triggering ALPR cameras. Trip-building will be a feature
of the new toll system, a proven Kapsch solution in which individual vehicle
transactions at toll points are grouped into sets of continuous trips, and that
correlate with transponder reads and license plate numbers to produce a single
billable trip for a vehicle's entire journey. As part of the system replacement,
Kapsch will also provide license plate image-review services and fully-formed
transactions to the MDTA back office, enhancing accuracy and auditability of the
tolling system.

MDTA Deputy Executive Director Deb Sharpless stated: "Reliability, collaboration
and flexibility will drive this transformation and will allow us to meet the
evolving needs of our customers, adapt to changing technologies, and positively
impact Maryland's economy."

"Kapsch roadside equipment and innovative trip-building features are designed to
offer customers an increased level of service with enhanced functionality and a
proven solution," said Georg Kapsch, CEO of Kapsch TrafficCom. "With this
project we bring the MDTA toll system to a leading standard in all-electronic
tolling and are strengthening our core business in North America."

Kapsch TrafficCom is a provider of intelligent transportation systems in the
fields of tolling, traffic management, smart urban mobility, traffic safety and
security, and connected vehicles. As a one-stop solutions provider, Kapsch
TrafficCom offers end-to-end solutions covering the entire value creation chain
of its customers, from components and design to the implementation and operation
of systems. The mobility solutions supplied by Kapsch TrafficCom help make road
traffic safer and more reliable, efficient, and comfortable in urban areas and
on highways alike while helping to reduce pollution.

Kapsch TrafficCom is an internationally renowned provider of intelligent
transportation systems thanks to the many projects it has brought to successful
fruition in more than 50 countries around the globe. As part of the Kapsch
Group, Kapsch TrafficCom has subsidiaries and branches in more than 30
countries. It has been listed in the Prime Market of the Vienna Stock Exchange
since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than
4,800 employees, and generated revenue of approximately EUR 648 million in
fiscal year 2016/17.




Further inquiry note:
Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1728
alexandra.vieh@kapsch.net

Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1122
ir.kapschtraffic@kapsch.net

end of announcement                         euro adhoc
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issuer:       Kapsch TrafficCom AG
              Am Europlatz  2
              A-1120 Wien
phone:        +43 1 50811 1122
FAX:          +43 1 50811 99 1122
mail:      ir.kapschtraffic@kapsch.net
WWW:       www.kapschtraffic.com
ISIN:         AT000KAPSCH9
indexes:      
stockmarkets: Wien
language:     English
 

Original content of: Kapsch TrafficCom AG, transmitted by news aktuell

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