Traffic Technologies Ltd. The outlook for the 2016 financial...

Traffic Technologies Ltd.

The outlook for the 2016 financial year and beyond is positive and a number of exciting growth initiatives have been developed by the Group which should benefit earnings in the years ahead. Of most significance is the opportunity in the LED road lighting market in Australia. There are approximately 2.25 million road lights in Australia. We have developed a range of LED road lights and see this as a very large opportunity for the Group. The roll-out of LED roadlights across Australia is expected to result in significant long term cost savings for State and local governments interms of power savings and maintenance costs. The Group has already won its first orders and is well placed to win a significant share of this market with its expertise in LED technology and experience in dealing with State road authorities and local councils.