Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Traffic Technologies has announced its subsidiary, Quick Turn Circuits, or QTC, has secured an export order from Hong Kong valued at $900,000
  • The company will supply traffic controllers and associated software in the developing area of the Kai Tak Airport and surrounding precincts
  • For over 20 years, QTC has been a global supplier of traffic technologies however it has been looking to expand its presence in Hong Kong
  • Company shares are up 5.88 per cent and shares are trading for 1.8 cents each

Quick Turn Circuits (QTC), has secured a $900,000 export order from Hong Kong.

Under the export order, the company will supply traffic controllers and associated software in the developing area of the Kai Tak Airport and surrounding precincts.

Traffic Technologies has a wide range of products and services including emergency digital phones, various signage such as speed limits and regulatory signs, roadway lighting solutions, signals, controllers and more.

Since 1995, QTC has been a reliable provider for traffic and transport related systems.

Its products and services have been supplied to Australia, Asia, South America, Southeast Asia, New Zealand and Europe.

While its portfolio is impressive, Traffic Technologies, via QTC, has been working to diversify its markets and expand its presence in Hong Kong.

“Our export initiatives are in line with the Company’s strategy of diversification and increasing its presence in key markets across a broader framework of hardware, software and Smart City deliverables,” Managing Director Con Liosatos said.

Con considers this contract to be a major step in positioning it as a significant provider of traffic signal controllers and software systems in the region.

All orders are expected to be supplied in the 2019 calendar year.

Company shares are up 5.88 per cent and shares are trading for 1.8 cents each at 2:05 pm AEDT.

TTI by the numbers
More From The Market Herald
Carsales (ASX:CAR) - Managing Director and CEO, Cameron McIntyre

" Carsales.com (ASX:CAR) raises $842m for Trader Interactive acquisition

Carsales.com (ASX:CAR) has raised $842 million from its institutional entitlement offer to help fund its acquisition…
The Market Herald Video

" Jetstar CEO to step down while Qantas (ASX:QAN) cuts flights

Qantas (ASX:QAN) has broken the news that Jetstar CEO Gareth Evans will be stepping away from…
The Market Herald Video

" EROAD (ASX:ERD) appoints Mark Heine as new CEO

Transportation services technology company EROAD (ASX:ERD) has appointed Mark Heine as Chief Executive Officer (CEO).