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DTI Group’s shares surge on winning rail surveillance contract

Each light rail vehicle to be equipped with 13 high-definition cameras.
Dallas Area Rapid Transit train
DTI’s shares were last trading 24% higher intra-day, at $0.155.

DTI Group Ltd (ASX:DTI) has been awarded contract options for the further supply of advanced CCTV surveillance systems on light rail vehicles (LRVs) operated by the Dallas Area Rapid Transit (DART).

DART is a transit agency in Texas which operates within 13 cities situated in the 4th largest metro area of the U.S.

DTI Group is a provider of surveillance systems and services to clients including transit operators, freight operators, law enforcement authorities and taxi organisations.

Significantly, the new options involve the supply and installation of surveillance systems valued at circa US$7.2 million ($9.5 million) on 115 existing LRVs.

DTI’s shares were last trading 24% higher intra-day, at $0.155.

Deliveries to commence in the first quarter of calendar 2018

Each LRV will be equipped with a digital surveillance system, 13 high-definition cameras and other network equipment.

Deliveries are expected to commence in the first quarter of calendar 2018 and will be delivered over an 18 month period.

Importantly, the award of these options is a strong endorsement of DTI’s integration capability as well as its ability to deliver into global projects.

In addition, DTI will exceed the Disadvantaged, Minority and Woman-Owned Business Participation target of 28% for the project.

It is worth noting that the DART project is the largest rail project awarded to DTI in the U.S.

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DTI Group Timeline

Newswire
November 15 2016

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