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Subject: Stockholm/approxA$58 million/supply-A$49 millionmaintenance of A$9 million1/4/2003ASX 3/4/2003precedent being satisfiedcontract awarded against competitorsSchlumberger Sema and Cubic.ERG/already has/contracts-Varmland&Gothenburg-Gothenburg currently being upgraded smartcardtotalm valuenew projects Seattle Washington DC Sydney Stockholm A600 mill more than half is recurring operating or maintence revStockholm known as Resekortet (theTravel Card Project)(the RKF, specification)upgrade-smartcard/also install/central processing systemWork/expected/start/project.early April03/revs flowing April 1st

Author: fully operational 4th quarter/2005 new system important cornerstoneMalardalen Regioncovering 75% publictransportExport Finance and Insurance CorporationApril note capitilisation saving 9.375 mill

[ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: Thursday, April 03, 03:38:49am In reply to: 's message, "Contracts waiting for decision.Stockholm Washington DC/Virginia" on Wednesday, December 25, 07:43:52pm 1/4/2003ASX 3/4/2003precedent being satisfied. Stockholm/approxA$58 million/supply-A$49 millionmaintenance of A$9 million contract awarded against competitors StockholmSchlumberger/Semaand Cubic ERG/already has/contracts-Varmland&Gothenburg-Gothenburg currently being upgraded smartcard totalm value of new projects Seattle Washington DC Sydney Stockholm A600 mill more than half is recurring operating or maintence rev Stockholm known as Resekortet (theTravel Card Project)(the RKF, specification) Stockholm/upgrade-smartcard/also install/central processing system. Work/expected/commence/project(Stockholm)early April03/revs flowing from April 1st/fully operational 4th quarter/2005 new system important cornerstoneMalardalen Regioncovering 75% publictransport 1/4/2003 April note capitilisation saving 9.375 mill ASX 3/4/2003 Export Finance and Insurance Corporation The total value of the contracts is over A$200 million.--set against Washington, Seattle, Stockholm. 9 plus 3.3 plus 13.3 equals 25.6 million ----------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ]

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Subject	Author	Date
The contract, signed with Stockholm's public transport authority AB Storstockholms Lokaltrafik (SL), strengthened the smartcard company's position in Sweden where it had already won contracts in Varmland and Gothenburgupgrade of the current magnetic ticketing system to ERG's smartcard platform..	Work is expected to start early this month, with revenues flowing from April 1The new system is scheduled to be fully operational by the fourth quarter of 2005.	Friday, April 04, 10:53:21pm