RMS extends Redflex Holdings contract

Company News

by Jessica Amir

Redflex Holdings Limited (ASX:RDF) announced the Roads & Maritime Services (RMS) has granted it a one year contract extension.

As part of the one year contract extension, the traffic system innovation company will continue to supply RMS with mobile roadside speed photo enforcement throughout New South Wales.

Redflex Holdings’ has been provided such services to RMS since 2010.

Redflex Holdings Limited (ASX:RDF) says the extension will generate $13 million for the company over a 12-month period.

At the end of the contract, the innovation company will re-tender for the services.

Shares in Redflex Holdings Limited (ASX:RDF) last traded 9% lower on Wednesday 29 March 2017 to $0.60.
 

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