- Traffic Technologies has been awarded contracts to supply LED street lights to six Tasmanian councils
- The contracts are worth $1.2 million and the lights are expected to be delivered in 2019
- Traffic’s “Smart City” LED street fittings provide enhanced energy saving capabilities
Traffic Technologies has been awarded contracts to supply LED street lights to six councils in Tasmania.
The contracts are worth roughly $1.2 million and the lights are expected to be delivered in 2019.
“We are pleased to announce the award of these contracts which follow on from the securing of a contract with TasNetworks last year to supply LED street lights over a three-year period,” Traffic Technologies Managing Director Con Liosatos said.
“The company has developed a strong presence in Tasmania with the changeover to Smart City LED street lights well on its way including the recent changeover of the Tasman Bridge the gateway to Hobart to LED,” he said.
Traffic Technologies will supply its next generation “Smart City” LED street lights to Brighton, Sorell, Clarence, Central Coast, Kingborough, and Tasman Councils in Tasmania.
When compared with traditional LED street lights, Traffic’s Smart City LED street fittings provide enhanced energy saving capabilities and are compatible with its proprietary Traffic SmartCity Technology platform.
This enables road authorities, councils, and power companies to fully utilise and maintain critical assets in real time.
Currently, there are around 2.3 million street lights in Australia of which approximately 18 per cent have switched to LED technology.
LED lights are up to 50 per cent more efficient than traditional bulbs and can last anywhere between 10,000 to 30,000 hours compared to 1000 hours of traditional bulbs.
According to the Government’s energy rating body, IPWEA, street lighting is the single largest source of carbon emissions from local governments accounting for between 30 to 60 per cent of its total emissions.
Compared to halogen and fluorescent lighting, LED lights use less power per wattage output. This transfers to less energy consumption which reduces harmful carbon dioxide emissions.
Traffic’s share price is steady today, trading for 1.8 cents apiece. Its market cap is valued at $8.68 million.