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New York City Transit contract

15th Jul 2016 07:00

RNS Number : 2662E
Sepura PLC
15 July 2016
 

RNS Reach

15 July 2016

 

Sepura plc

 

New York City Transit contract

 

Sepura plc (LSE: SEPU, 'the Group', or 'Sepura'), a leading global provider of critical communications solutions, has now been formally contracted to supply a TETRA network for New York City Transit. The Group stated on 4 April 2016 that it had received a "Notice to Proceed" pending the signing of the full contract by its partner.

 

The contract, valued at c. $34 million, covers system design, project management and the supply of 40 base stations together with a Teltronic CeCoCo Command and Control solution and approximately 7,500 terminals.

 

Gordon Watling, Chief Executive Officer, commented

 

"This contract endorses both our acquisition of Teltronic and our strategy to focus on both the global transport sector and developing our business in North America - the two fastest growing segments for TETRA."

 

Further information

 

Sepura

+44 1223 876000

Gordon Watling, Chief Executive Officer

Richard Smith, Chief Financial Officer

Peter Connor, Investor Relations

Instinctif Partners

+44 20 7457 2020

Adrian Duffield / Kay Larsen/ Chantal Woolcock

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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