EANS-News: Kapsch TrafficCom AG: Recent development of share value is
incomprehensible
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Company Information/Contracts
Wien (euro adhoc) - Vienna, July 26, 2013 - The recent developments regarding
the share price of Kapsch TrafficCom are "incomprehensible" explains Georg
Kapsch, CEO Kapsch TrafficCom. The Vienna stock market reacted poorly to the
disclosure that the commercial start of the Electronic Toll Collection System in
Gauteng, a South African province, will not be effected mid July as previously
considered. Kapsch was awarded the contract to implement the toll system in
September 2009. The installation of the system was carried out quickly and
efficiently however, various intended start-dates over the last few months have
been postponed due to a variety of protests, interventions and objections. "The
situation regarding the project has not changed over the last month, therefore
there is no rationale for the sudden market reaction", stresses Kapsch. "Our
system is ready to go and we are calmly waiting for a definite date to start
with the commercial operation."
The recent reports on the financial situation of the South African National Road
Agency (SANRAL) clearly show that an urgent decision and an immediate start are
desirable. The South African Government decided in 2009 that the maintenance and
development of the road system in Gauteng will be funded by electronic tolling.
"The delays jeopardize jobs and endanger the country's infrastructure",
underlines Kapsch. "We are confident that governmental authorities in South
Africa will act promptly and that all necessary steps will be taken soon."
Zwtl.: 18,000 installed toll lanes, 80 million On-Board Units sold
"Our company is involved in many successful projects around the world, and we
are acting as a global provider", explains Kapsch. Kapsch TrafficCom has already
installed 18,000 toll lanes around the globe. Kapsch has sold 80 million On-
Board Units worldwide and has references from 43 countries on all continents.
These include among others the successful tolling projects in Austria, Czech
Republic and Poland as well as the ten year technology and service contract with
the United States' E-ZPass Group, the world's largest interoperable toll
collection system.
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in
the application fields of road user charging, urban access and parking, road
safety enforcement, commercial vehicle operations, electronic vehicle
registration, traffic management and V2X cooperative systems. Kapsch TrafficCom
covers with end-to-end solutions the entire value creation chain of its
customers as a one-stop shop, from components and subsystems to their
integration and operation. The solutions of Kapsch TrafficCom help to provide
funding for infrastructure projects, to increase traffic safety, to optimize
traffic flow, and to reduce environmental pollution from traffic. The core
business is to design, build and operate electronic toll collection systems for
multi-lane free-flow traffic. References in 43 countries on all continents make
Kapsch TrafficCom a recognized supplier of electronic toll collection worldwide.
As part of the Kapsch Group, a family-owned Austrian technology group founded in
1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has subsidiaries and
representative offices in 33 countries, has been listed on the Vienna Stock
Exchange (KTCG) since 2007, and generated with more than 3,000 employees
revenues of EUR 488.9 million in fiscal year 2012/13.
For additional information: www.kapsch.net and www.kapschtraffic.com
Follow us on Twitter: twitter.com/kapschnet.
Further inquiry note:
Press Contact:
Mag. Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2
1120 Vienna, Österreich
phone: +43 50.811 1705
E-Mail: {katharina.riedl@kapsch.net}
[HYPERLINK: mailto:katharina.riedl@kapsch.net]
Investor Contact:
Mag. Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Österreich
phone: +43 50.811 1120
E-Mail: {ir.kapschtraffic@kapsch.net}
[HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]
end of announcement euro adhoc
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company: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English