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Subject: It bought out MOT--IT now owns 100% ITS.


Author:
By Reuters13 August 2001it was a joint venture it MOT
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Date Posted: 06:49:05 02/09/03 Sun
In reply to: Australian I.T.29/11/02 Sydney unlikely till Jan Feb 03 's message, "P Fogarty was reported to have stated at the ERG AGM 28/11" on 06:43:03 02/09/03 Sun

ERG wins Sydney transport smart card bid

By Reuters
13 August 2001









Smartcard developer ERG has confirmed that its joint venture with Motorola has been named as preferred tenderer for a project to design and build a smartcard ticketing system for public transport in Sydney.

ERG did not disclose the financial details of the deal, but the Australian newspaper reported the contract could be worth around A$100 million.

ERG said in a statement to the Australian Stock Exchange its Integrated Transport Solutions venture expected to sign a final contract by December 31, following negotiations with the New South Wales government.

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off subject of sydTrimphant Lch/ProtonUSA PWI control15/3/0206:56:51 02/09/03 Sun


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