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- Queensland Rail has granted XTD a two year extension to its exclusive contract
- Under the contract, XTD will cross-track digital screens across five Brisbane rail stations until June 2022
- The contracts are expected to be finalised in December
- On market close, XTD remains steady and is trading at 2.2¢ a share
Queensland Rail has granted XTD a two year extension to its exclusive contract.
Under the contract, XTD will cross-track digital screens across five Brisbane rail stations until June 2022.
Queensland Rail has also advised it will be taking all contracts to tender subject to its board approval in 2021. The extended terms are still to be discussed between XTD and Queensland rail.
The two businesses are expecting to have these contracts finalised in December.
XTD Chief Executive Adam Cadwallader is pleased with the contract extension.
“We are delighted to be continuing our long held and successful relationship with Queensland Rail,” Adam said.
“We look forward to continuing to work with the team to deliver unique, cross track experiences, great content and continuous improvement of our technology,” he added.
XTD operates large format, digital LED displays with sound across Queensland Rail’s premium stations of Fortitude Valley, Toowong, Southbank and South Brisbane.
The LED screens display a combination of advertising, content and public information from Queensland Rail direct to commuters of Brisbane.
XTD builds, installs and maintains the world’s first multi-screen digital media systems that will function in nearly all metro-rail system worldwide.
Queensland rail was found in 1865 and aims to be Australia’s best performing railway, delivering safe, on time, customer focused and efficient rail services.
It has more than 222 stations across Queensland, with an asset over $6.9 billion.
On market close, XTD remains steady and is trading at 2.2¢ apiece.
