Very positive announcement from Redflex this morning, showing an...

Very positive announcement from Redflex this morning, showing an increase of more than 40% in installations for the year, and acceleration in the second half.

Should have favourable impact on revenue and profit.

"Redflex Traffic Systems Inc, a Scottsdale Arizona based wholly owned subsidiary of Redflex Holdings Limited, is pleased to announce a record system installation result for the 2005/2006 financial year.
Over the past financial year, Redflex Traffic Systems Inc has grown its base of installed camera systems by 204 to reach a 30 June level of 667 across 16 States in the US. This achievement is the best financial year effort to date for the Redflex team. The total of 667 installed systems is an increase of 44% in the total embedded base over the 2005 year end mark of 463.
A second half surge in contract realisations drove the engineering, construction, and activation of over 120 systems. With trained construction and technical staff in 24 cities, and best-in-industry project management timelines, Redflex is well positioned to consistently deliver rapid installation going forward."