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Traffic Technologies set to Light Tasmania

October 2, 2019

October 2, 2019

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Traffic Technologies set to Light Tasmania

Exciting news has come out of Tasmania, with Traffic Technologies (ASX: TTI) announcing that it’s been awarded contracts to supply LED street lights to six councils in Tasmania, worth approximately $1.2 million.

This new contract will see TTI light up Brighton, Central Coast, Clarence, Kingborough, Sorell, and Tasman Councils with its enhanced energy-saving capable LED lights. This new Contract will enable road authorities, councils, and power companies to fully utilize and maintain critical assets in real time, as the lights comefully compatible with Traffic Technologies’ proprietary “Traffic SmartCity Technology”platform.

Managing Director of Traffic Technologies, Con Liosatos, said: “We are pleased to announce the award of these contracts which follow on from the securing of a contract with TasNetworks last year to supply LED street lights over a three-year period. The Company has developed a strong presence in Tasmania with the changeover to “Smart City” LED street lights well on its way including the recent changeover of the “Tasman Bridge” the gateway to Hobart to LED.”

In the Australian street light market, there are around 2.3m street lights of which approximately 18% have to date been switched to LED technology. It’s a growing area in the market, and according to the Government’s energy rating body, IPWEA, street lighting is the single largest source of carbon emissions from local government. They typically account for 30-60% of the Government’s total emissions.

When compared to halogen and fluorescent lighting solutions, LED lights use less power per wattage output – translating to less energy consumption, and thereby, reducing harmful CO2 emissions. It’s exciting to see Traffic Technologies take yet another step forward towards supplying an environmentally friendly and energy-saving service to the world