EANS-Adhoc: Kapsch TrafficCom AG Awarded Contract to Provide New Toll System for Port Authority of New York and New Jersey

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Government Contracts
25.07.2016

Subtitle: At up to 134 million Euro, largest system delivery contract
in the corporate history in the U.S.

Vienna/McLean, July 25, 2016 - Kapsch TrafficCom AG (ISIN
AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime
market segment, announces that its subsidiary Kapsch TrafficCom North
America has been awarded a contract to replace the toll collection
system at all bridges and tunnels managed by the Port Authority of
New York and New Jersey (PANYNJ). In addition, Kapsch will perform
ongoing system maintenance upon completion of the new toll system
installation for a six-year period, with options to extend for up to
three two- year periods. The potential total value of the entire
two-part project to Kapsch is approximately 134 million Euro (147
million USD).

The initial contract is for the design and implementation of the
replacement toll collection system - roadside equipment and express
toll lanes - at PANYNJ's six bridge and tunnel facilities, including
the Bayonne, Goethals, Outerbridge Crossing, and George Washington
bridges, as well as the Holland and Lincoln tunnels. The initial work
will commence in August 2016, with all equipment to be replaced by
the end of 2020.

Kapsch has a strong local presence in New York and New Jersey and has
provided products and services to the E-ZPass Group since 1994, an
association of 38 toll agencies in 16 US-states that operates the
E-ZPass electronic toll collection program. "As the first
collaborative project between Kapsch TrafficCom and its
recently-acquired Schneider Electric transportation business
division, it represents the power of these newly-joined businesses to
create original and unique value for our customers," said Georg
Kapsch, CEO of Kapsch TrafficCom AG. The acquisition was completed in
April 2016 and included an industry-leading portfolio of integrated
Advanced Traffic Mangement Software (ATMS) solutions - for urban,
highway, and tunnel applications; electronic toll collection; and
transit solutions.

In recent years, Kapsch has succeeded in establishing itself as a
complete provider of end-to-end tolling solutions in the important
US-market. Just recently, at the end of July, the RiverLink tolling
system implemented by Kapsch officially entered into operation.
RiverLink is the new electronic tolling system for the three bridges
also known as the Louisville-Southern Indiana Ohio River Bridges.
Kapsch was awarded the installation, integration, operation and
maintenance of an electronic toll system for multi-lane, free-flow
traffic as well as the operation of a back office system and a
customer service center in January 2014, with a total project value
of approximately 36.7 million Euro (41 million USD). These projects
as well as a number of references will open up new potential for
Kapsch on the U.S. market.

Further inquiry note:
Press Contact:
Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
E-mail: ingrid.lawicka@kapsch.net

Investor Contact:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120
E-mail: ir.kapschtraffic@kapsch.net

end of announcement euro adhoc
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issuer: 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