Source: Traffic Technologies
Market Herald logo

Subscribe

Be the first with the news that moves the market

  • Traffic Technologies (TTI) receives a large order for advanced smart streetlights from the Ausgrid and Southern Sydney Regional Organisation of Councils and up to 33 local councils
  • The order with a value of $1.3 million is part of an upgrade of 92,000 streetlights over the next three years
  • Traffic Technologies previously announced a contract with Ausgrid Operator Partnership in New South Wales which operates the electrical networks of 1.7 million customers in the Sydney, Central Coast and Hunter regions
  • Traffic Technologies’ shares have been steady at 2.7 cents

Traffic Technologies (TTI), a hardware and software provider for end-to-end traffic management, has received a large order for advanced smart streetlights.

The order with a value of $1.3 million is part of an upgrade announced by Ausgrid and Southern Sydney Regional Organisation of Councils (SSROC) and up to 33 local councils.

Previously, Traffic Technologies announced a contract with Ausgrid Operator Partnership in New South Wales. Ausgrid is an electricity distribution company which operates the electrical networks of 1.7 million customers in the Sydney, Central Coast and Hunter regions.

More than 92,000 streetlights are to be upgraded with energy efficient LEDs and smart controls over the next three years on main roads and residential streets.

Ausgrid said not only will this provide major energy savings, the addition of smart controls will help detect faults, optimise maintenance, measure energy use and facilitate off-peak dimming. The lights would also be able to accommodate future smart city sensors.

Councils could expect operating savings of up to 56 per cent, according to Ausgrid.

Con Liosatos, Managing Director of Traffic Technologies, said: “We are pleased to be the supplier of smart LED streetlights to Ausgrid in its partnership with SSROC. The most advanced Smart City enabled streetlights will generate significant savings to councils across the Sydney area as well as substantial reductions in greenhouse gas emissions.”

Traffic Technologies’ shares were steady at 2.7 cents at 9:15 am AEDT.

TTI by the numbers
More From The Market Herald

" Bubs Australia (ASX:BUB) halts trade ahead of $63m equity raising

Bubs Australia (ASX:BUB) halts trade ahead of its underwritten $63 million capital raise to support the…
Cavalier Resources (ASX:CVR) - Executive Chairman, Ranko Matic

" Cavalier Resources (ASX:CVR) begins PFS at Crawford

Cavalier Resources (ASX:CVR) has begun a pre-feasibility study (PFS) at the Crawford Gold Project within the…
The Market Herald Video

" Emerald Resources (ASX:EMR) reports “exceptional” drill results from Neptune, WA

Emerald Resources (ASX:EMR) has reported “exceptional” drill results from the Neptune gold prospect in Western Australia.