Traffic Technologies Ltd (TTI) is pleased to announce that it has signed a supply agreement with Rexel Group Australia, under which TTI’s subsidiary Aldridge Traffic Systems will manufacture and supply a range of Road Lighting products for distribution and sale through Rexel’s branch network across Australia. TTI’s entry into the Road Lighting market represents a significant opportunity for the Group. It provides access to Australia’s Road Lighting market which is estimated to be worth up to $110m per year. It forms part of TTI’s strategy of expanding its activities in the growing Intelligent Transport Systems (“ITS”) sector, which involves the use of information and communication technology to manage traffic flows.
TTI’s Road Lighting business will be based at Aldridge’s offices in Rhodes NSW and will make use of TTI’s existing expertise in the development of technology for use in traffic management and will leverage off TTI’s existing customer base of State Road Authorities and contracting companies.
TTI operates through two divisions. The Company’s Traffic Products Division specialises in the design, manufacture and installation of traffic signals, emergency telephones and portable roadside technology along with a range of directional and regulatory traffic signs and traffic control products to road traffic authorities, municipal councils and construction companies. The Traffic Services Division provides equipment hire services to road traffic authorities and construction companies. Rexel Group Australia is a major player in the distribution of electrical parts and installation equipment. Rexel operates in all the States of Australia with 189 branches nationwide, 3 warehouses, a project office in each State and resources dedicated to supply a diversified range of products across Australia.
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