RDF redflex holdings limited

Let us hope that the sp moves a bit sometime soon. The TVR...

  1. 369 Posts.
    Let us hope that the sp moves a bit sometime soon. The TVR Griffith is a very fast car and it would be nice to see RDF get of the start line and do a few high speed laps.

    This release doesn't say wheather the contract is fixed fee or by revenue share. If they only get the 2 years out of it, the profit would be limited on a revenue sharing basis.

    ***************
    New Contract– Griffin, Georgia

    09 December 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 red light photo enforcement program with the City of Griffin in the State of Georgia. Griffin
    has a population of 23,000 and is located in the south east Atlanta metro area.

    The contract is for an initial term of two years with up to nine successive two-year renewal options. Redflex
    will deliver fixed red-light enforcement systems for up to 10 intersections. The actual quantity of approaches
    delivered will be based on mutual agreement between Redflex and the City as warranted by community
    safety and traffic needs.

    Redflex Traffic Systems Inc, based in Scottsdale Arizona, has contracts with 93 cities in 11 countries. In the
    USA, Redflex is the largest provider of digital red light photo enforcement services with contracts in 77
    cities and towns across 15 states and has led the market in installed systems, installation rate, and market
    share over the past 12 months.
 
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