Corporate release

10/18/2018

As a consequence of the Polish Government's efforts to have the nation-wide toll system operated by a government agency, Kapsch TrafficCom's current contract to operate the toll system is going to expire on November 2, 2018. Kapsch will support the further operation of the system throughout a transition phase of 27 months (starting as of November 3, 2018) with the option for the customer of an early termination six months before the scheduled end date, i.e. after 21 months. For its support, Kapsch TrafficCom will receive a monthly remuneration of about EUR 2.4 million.

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 5,200 employees, and generated revenue of approximately EUR 693.3 million in fiscal year 2017/18.

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Kapsch TrafficCom AG published this content on 18 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 09:07:11 UTC