Redflex wins UAE contract

Redflex wins UAE contract

Traffic photo enforcement company Redflex Holdings (ASX:RDF) has won a $35 million deal to supply products to the UAE's Abu Dhabi Police.

Redflex has agreed to supply, install and maintain fixed speed-radar, point-to-point camera systems and a supporting back office system.

The $5 million first order is for 40 radar camera systems, 10 of which will be solar powered, and 20 speed enforcement stations.

The $30 million main contract, which Redflex has won but is now finalising the details, will see the company supply a further 435 speed camera systems and 40 more enforcement stations.

Redflex Traffic Systems general manager Ricardo Fiusco said the contract win is “a key milestone for our success in the Middle East.”

The deals were awarded through Alrowad IT Solutions, a subsidiary of the UAE Ministry of the Interior.

Redflex is currently negotiating with companies including Macquarie Group (ASX:MQG) over a takeover, and has revealed it should be ready to advise shareholders whether it has reached acceptable terms early this year.

RDF shares fell 5.13% on Thursday to close at $2.220.

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Tags redflexbusiness dealsASX:RDFRicardo FiuscoUAE

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