doubles installed base/new contract

RDF announcement just out - lots of good news. Notes they have doubled their installed base over the past 12 months in the US (172 to 355).

Also flags a new contract with the city of Gardena for up to 10 red light camera systems.

Interesting too that the announcement notes their installation rate was 54 for the quarter (an average of 16 per month).

Still plenty of contracted systems still to install - RDF looks like being a very healthy cash cow for many years to come from just red light cameras alone. When speed cameras really start to get added into the equation, just watch their monthly revenues soar!

One for the long term in my view.