Join our daily newsletter At The Bell to receive exclusive market insights
- Traffic Technologies (TTI) has been awarded a $10 million contract with Procurement Australia across five years
- The contract will be used to supply directional and instructional signs and safety traffic products to local councils across Victoria
- The company says Procurement Australia is a leader in negotiating and facilitating contracts for members and clients across both the public and private sectors
- TTI’s Managing Director added the contract facilitates access for the company’s products to local councils in Victoria
- Traffic Technologies shares are up 3.3 per cent to trade at 3.1 cents
Traffic Technologies (TTI) has been awarded a contract with Procurement Australia worth around $10 million.
The five-year contract will be used to supply directional and instructional signs and safety traffic products to local councils across Victoria.
Procurement Australia is one of Australia’s leading procurement services companies, working with buyers and suppliers to find innovative and sustainable solutions to procurement challenges.
TTI said Procurement was a leader in negotiating and facilitating contracts for members and clients across both the public and private sectors.
Traffic Technologies Managing Director Con Liosatos added that the contract facilitates access for the company’s products to local councils in Victoria.
“The contract with Procurement Australia is important in that it further secures the company’s initiative in securing recurring revenue streams, embeds our Signage and Safety products business for up to the next five years until 2026,” Mr Liosatos said.
Traffic Technologies shares were up 3.3 per cent to trade at 3.1 cents at 11:20 AEDT.
