RDF redflex holdings limited

first strike in the lone star state

  1. 369 Posts.
    Can only be good for holders. RDF has been a bit sideways of late. Maybe not the traders stock it was, but I see it as a great long term hold - a blue chip in the making.

    Regards,

    Keith.
    10 October 2005: The Directors are pleased to announce that Redflex Traffic Systems Inc, a company of
    the Redflex Group, has been awarded a new USA build-own-operate-maintain contract to improve public
    safety with a photo enforcement program with the City of Plano in the State of Texas. Plano has a
    population of 222,000 and is located in Collins County in the greater Dallas Fort Worth area which has a
    population of 5,600,000.
    Under a three year contract with three additional one year renewal options, Redflex will deliver fixed redlight
    enforcement systems for up to 20 intersections for a fixed fee per approach.
    Redflex has also executed a new contract with our existing customer, the City of Fremont in California to
    continue the photo enforcement program. Redflex initial contract with the City of Fremont was signed in
    September 1999, six years ago. The new contract is for the provision of services and systems for the buildown-
    operate photo enforcement program for a new term of five years with two, one year renewal options.
 
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