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DTI GROUP LTD — Capital/Financing Update 2024
Sep 8, 2024
64790_rns_2024-09-08_8541b930-4a30-4806-9018-d70daba49263.pdf
Capital/Financing Update
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ASX announcement
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9 September 2024
Contract Award
DTI Group Ltd (ASX: DTI) (DTI) is pleased to announce the successful contract award by Adelaide Metro Operations Pty Ltd for the design, manufacture and supply of a Public Address, Closed circuit television and Information System (PACIS) for the upgrade of the Citadis and Flexity Torrens Connect trams in Adelaide.
The contract covers the equipment, software and project support associated with the replacement of the CCTV and passenger information system on the Adelaide tram fleet, providing passengers with updated displays, audio announcements and emergency help points.
The contract value is in excess of AUD$4 million commencing in September 2024 with all works scheduled to be completed by February 2027.
Matt Strack, DTI CEO said:
“The award of this contract is testament to DTI’s capabilities to support the upgrading of aged vehicles to provide enhanced CCTV and passenger information systems. DTI is excited to be supporting Torrens Connect to deliver an improved customer experience to passengers and enhancement of their safety systems.”
-ENDS-
For further information please contact Matthew Strack, Chief Executive Officer: [email protected]
This ASX announcement has been approved for release by Greg Purdy – Chairman.
About DTI Group
DTI develops and provides world-leading surveillance, video analytics, and passenger information systems technology and services to the mobile transit industry worldwide.
DTI’s clients include transit agencies, vehicle operators, vehicle manufacturers, and law enforcement agencies which utilise our range of professional products and services that encompass on-board recording equipment, passenger information equipment, fleet management systems, back-end mass storage and retrieval facilities and end-to-end managed services.
DTI is a recognised supplier to the mass transit surveillance market. Core technology development and system design activities are undertaken from the Company’s headquarters in Perth, Australia.
About Adelaide Metro Operations
Adelaide Metro Operations operating as Torrens Connect is a consortium comprising of John Holland and UGL.
Torrens Connect operates and maintains, 24 trams on the Adelaide Tram network, “Connecting communities through journeys that matter”.
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