September 19, 2018 - DTI to supply Passenger Information Systems to Alstom Ubunye (Pty) Ltd for 576 trains in South Africa
DTI Group Ltd (ASX: DTI) (DTI) is pleased to announce it has finalised contract negotiations with Alstom Ubunye (Pty) Ltd (Ubunye) for the supply of Passenger Information systems for 576 trains to be manufactured by Ubunye for delivery to the Passenger Rail Agency of South Africa (PRASA).
Each PRASA train will incorporate lateral, front and internal displays on each carriage. Using DTI technology, these products will be manufactured in South Africa, providing DTI with an additional manufacturing location and the opportunity to manufacture a range of products for the South African and global markets.
This contract, valued at A$19.1 million, was previously announced to ASX as a Letter of Intent (LoI) on 12 June 2017 and has been reported in DTI’s contracted Order Book since that date. Deliveries for the systems are expected to commence in December 2018 and will be supplied over a period of ten years until 2028. After an initial ramp-up, DTI is expecting to deliver approximately 60 trainsets annually.
This contract is directly linked to the recent research and development investment made by DTI in new and innovative products for the rail industry. It is a strong endorsement of both DTI’s product development capabilities and its ability to deploy products and solutions to a global market. This order continues to reinforce DTI’s growing position in the global rail sector.
The contract was formally signed at the Innotrans International Trade Fair in Berlin with representatives from DTI, Alstom, Austrade and the Australasian Railway Association in attendance.
For further information please contact Peter Tazewell, Chief Executive Officer on +61 8 9373 2905 or email email@example.com
About DTI Group
DTI provides sophisticated surveillance systems, solutions and services to the mobile security industry worldwide. DTI’s clients are transit agencies, transit operators, freight operators, law enforcement authorities and taxi organisations which utilise a range of professional products and services that encompass on-board recording equipment, fleet management systems, back-end mass storage and retrieval facilities and end-to-end managed services. Sales and project delivery is undertaken both by DTI directly and through its global partners’ network.
DTI is a recognised supplier to the mass transit surveillance market. Core technology development and system design activities are undertaken from the Company’s headquarters in Perth Australia.
Ubunye is a South African corporation 51 per cent controlled by Alstom Transport SA, a global train manufacturer based in France. Ubunye was established for the purpose of manufacturing trains in South Africa, for delivery to PRASA.
PRASA is a South African state owned enterprise responsible for providing passenger rail services in the country. It provides urban, regional and inter-city rail services.