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Press release

7/21/2014 - Investor News, Customers & References

Kapsch Receives Notice to Proceed with All Electronic Tolling System for New York State Thruway

Vienna/McLean, July 21, 2014 – Kapsch TrafficCom has received notice to proceed from the New York State Thruway Authority (Thruway) to develop, install and provide technical support for an All Electronic Tolling (AET) system. This new system eliminates the need for Thruway patrons to stop or slow down at tolling points. By enabling toll transactions to be completed at highway speeds, the AET system facilitates free-flowing traffic across multiple lanes to minimize congestion; the resulting reduction in vehicle emissions will have a direct, beneficial environmental impact. The project will be managed from the KTC office in Kingston, New York. Total value of this project to KTC North America is USD 18.6 million (approximately EUR 13.7 million), with an estimated service date in the 3rd Quarter of calendar year 2015.

The initial project scope includes toll zones at the temporary and permanent New NY Bridge locations, the Harriman Route 17 exits and the Yonkers mainline toll facility. The project also includes options for future provision of AET at additional Thruway toll facilities. With this project the Thruway Authority is implementing a vision to facilitate more seamless traffic flow along a vital commercial and commuter link for New York’s largest cities and the entire Northeast. The current Tappan Zee crossing being replaced by the new bridge accounts for the highest traffic volume (over 25 million trips in 2013) across the Thruway’s entire 570-mile expanse.

“We are pleased to be the partner selected by the Thruway Authority to deliver their first AET system,” said Chris Murray, President & CEO, Kapsch TrafficCom North America. “Kapsch TrafficCom has installed electronic toll collection systems in 44 countries, including five nationwide systems, and we are excited to leverage this experience to support the Thruway Authority and to deliver a safer, more reliable commute for the users of the New York Thruway.”

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 design to the installation and operation of systems. The solutions of Kapsch TrafficCom help to finance infrastructure, 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 44 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 3,300 employees revenues of EUR 487.0 million in fiscal year 2013/14.

 

Tags
toll system, USA, order

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 50811 1120
E-mail ir.kapschtraffic@kapsch.net

 

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