TTI
Director Trades
| Date | Director | Value |
|---|---|---|
| 19/12/24 | C. Liosatos | $7,848 |
Company News
FOS Capital launches $3.7m share placement to fund Aldridge Traffic Systems acquisition
Lighting solutions specialist FOS Capital (ASX: FOS) has launched a $3.7 million share placement to institutional and sophisticated investors to fund its proposed acquisition of Aldridge Traffic Systems’ street lighting business assets. Total consideration for the purchase is $3.1m, which includes $900,000 in plant and equipment, $500,000 in inventory and $1.7m in intellectual property. Australian-based […]
Traffic Technologies lands $3m LED streetlights contract from City of Sydney council
Traffic Technologies (ASX: TTI) has been awarded a significant contract to supply “Smart City IoT”-ready LED (light-emitting diode) streetlights to the Sydney City Council, one of Australia’s largest. Signed for an initial period of five years, the contract may be extended for up to a maximum term of nine years and is estimated to be […]
Traffic Technologies uses capital raising to repay $6m in financier debt
Australian traffic hardware and software solutions provider Traffic Technologies (ASX: TTI) has confirmed it will use the proceeds of a recent $7.19 million capital raising to repay a $6 million debt to financier ADM Capital. The proceeds comprised $3.40 million raised through a rights issue, $1.62 million in a shortfall placement under the rights issue, […]
Traffic Technologies wins $10 million contract with Procurement Australia
Australian traffic hardware and software solutions provider Traffic Technologies (ASX: TTI) has been awarded a contract worth up to $10 million to supply traffic signs and safety products to local councils across Victoria. The contract was signed with leading procurement services company Procurement Australia and is for a five-year period, inclusive of extensions. The deal […]
Traffic Technologies secures further $3m purchase from TasNetworks
Traffic Technologies’ (ASX: TTI) position in the Tasmanian street light market has been extended beyond its initial contract term after TasNetworks submitted a forward order for about $3 million of its smart city-ready LED street lights. Earlier this year, Traffic Technologies revealed the contract term with Tasmanian Government-owned TasNetworks had been extended to October 2022, […]
Traffic Technologies cements dominant position in Queensland with $9m in government contracts
As it continues its growth trajectory, Traffic Technologies (ASX: TTI) has collared up to $9 million in contracts with the Queensland Government’s Department of Transport and Main Roads (TMR) – cementing its position in the state and shoring up substantial long-term recurring revenue. The department is responsible for planning, managing and delivering Queensland’s integrated transport […]
Traffic Technologies wins $5.7m intelligent traffic control equipment contract with Coates
Australian traffic hardware and software solutions provider Traffic Technologies (ASX: TTI) has won a $5.7 million contract to supply Coates with a range of intelligent traffic control equipment comprising electronic signs, radar equipment and associated software. The orders were awarded to the iTS (Intelligent Traffic Systems) business of Brisbane-based Artcraft Pty Ltd, which was acquired by the […]
Strong financials give Traffic Technologies the green light for bullish new year
A strong order book and growth in government infrastructure projects has underpinned improved full year results for Australian traffic hardware and software solutions provider Traffic Technologies (ASX: TTI). The group’s trading revenue improved by 18% to $52.3 million compared to the previous corresponding period and EBITDA (earnings before interest, taxation, depreciation and amortisation) improved by […]
Ausgrid awards five-year LED lighting contract to Traffic Technologies
Traffic Technologies (ASX: TTI) has secured a contract with Ausgrid that could help counteract the company’s expected net loss after tax of approximately $13.4 million for the past financial year. In a statement to the market this morning, Traffic said it has been awarded a three-year contract with a further two-year option to supply LED […]
Tasmania switches to LED street lighting in $15m contract with Traffic Technologies
Traffic software and solutions provider Traffic Technologies (ASX: TTI) has secured a $15 million contract with the Tasmanian government to switch the state’s 50,000 halogen and fluorescent street lights to LEDs over the next three years. The contract was awarded by government utility TasNetworks and the changeover is scheduled to commence before year end. It […]
