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Kenetics Group Ltd (KEN)

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Friday 09 January, 2009

Kenetics Group Ltd

Singapore Land Transport Auth

RNS Number : 3974L
Kenetics Group Limited
09 January 2009
 

Kenetics Group Limited

09 January 2009


Contract Award from Singapore Land Transport Authority

    


For Immediate Release                           



Kenetics Group Limited


Kenetics wins Award for On-Board Bus Equipment



Kenetics Group Limited ('Kenetics' or 'the Company' or 'the Group'), the Radio Frequency Identification (RFID) company focused on Security and RFID systems and products, announces today that it has been awarded a contract to supply On-Board Bus Equipment (OBE) with Wireless Local Area Network (WLAN) by Singapore's Land Transport Authority. 


This contract covers the design, manufacture, supply, deliver, install, test and commission of a new OBE and new WLAN. The scope covers also trials on buses of the new equipment, which shall include features and components in a fare collection system. The total value of this contract amounts to about £1.22 million. The contract is expected to complete with 15 months from the award of the tender. Upon successful development and trials, roll-out of the new equipment is expected for the public buses in Singapore


Since early 2007, Kenetics has been investing in the development of equipment and RFID readers used in Automated Fare Collection Systems for Public Mass Transport such as bus and rail systems. As earlier announced on 18 September 2008, this development of products has led to Kenetics winning a contract for the supply of Contactless Smart Card (CSC) Readers for the Singapore Land Transport Authority. 


The implementation of both CSC Readers and OBE is expected to enhance Kenetics capabilities and growth in the Automated Fare Collection Systems market.



For more information, please contact:


Ken Wong

Kenetics Group Limited

Tel: +65 6749 0083

www.kenetics-group.com



Graeme Thom / Mira Shukanayeva 

Nominated Advisor

Zimmerman Adam International Ltd

Tel: +44 (0) 20 7060 1760

www.zimmint.com






This information is provided by RNS
The company news service from the London Stock Exchange
 
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