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DTI GROUP LTD — Capital/Financing Update 2015
Oct 13, 2015
64790_rns_2015-10-13_f4630843-d33b-4977-8cd3-4aa416b7864e.pdf
Capital/Financing Update
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DTI Receives Order for 22 New Trains being Built by Alstom
13 October 2015 – DTI Group Ltd (ASX: DTI) ("DTI”) is pleased to advise that it has received an order by Alstom Transport India Limited (“Alstom”) for the supply of passenger information and CCTV systems for trains being delivered to the Sydney Metro Northwest project.
The order for the procurement contract includes the provision of systems on 22 new trains valued at approximately $5.3 million with deliveries expected to commence in late FY2015-16. These will be delivered over a 2 year period. The order arises from the Letter of Intent entered into with Alstom, details of which were released to ASX on 31 August 2015.
The Company looks forward to providing its suite of transit surveillance and passenger information products in order to deliver an enhanced experience for the managers and users of the Sydney Metro Northwest asset, as well as further strengthening its relationship with Alstom.
About DTI Group
DTI provides sophisticated surveillance software, systems and services to the mobile security industry worldwide. DTI’s clients are vehicle manufacturers, transit agencies, transit operators, freight operators, law enforcement and taxi organisations which are offered a range of professional solutions and services that encompass on-board recording equipment, fleet management software, back-end mass storage and retrieval facilities and end-to-end managed services. Core technology development and system design activities are undertaken from the Company’s Perth office.
About Alstom
Alstom Transport is one of the world's largest manufacturers of high-speed trains, tramways and metros, electrical and diesel trains, and operates in 60 countries and employs 28,000 people. The company also operates in the rail infrastructure market, designing, producing and installing infrastructure for rail networks.
About the Sydney Metro Northwest Project
Sydney Metro Northwest, formerly the North West Rail Link, is the first stage of Sydney Metro. Sydney Metro is Australia’s largest public transport infrastructure project and is a new stand-alone railway network that is being built to meet the challenges of a growing population.
Enquiries Richard Johnson Chief Executive Officer DTI Group Phone: (08) 9479 1195 www.dti.com.au
31 Affleck Rd | Perth Airport WA 6105 T +61 8 9479 1195 | F +61 8 9479 1190 DTI Group Ltd | ABN 15 069 791 091