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Old June 28th, 2019
flylow7f39 flylow7f39 is offline
Join Date: Nov 2010
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Default Redflex Describes Transition Away From Red Light Cameras To Tolling

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Red light camera firm Redflex tells Australian investors about plans to transition into tolling and parking market.

"Red light cameras and speed cameras continue to fall out of favor in the US market, and the industry is responding. Redflex Traffic Systems on Monday revealed to investors detailed plans for transitioning existing company assets into systems than can profit from traffic congestion.

Redflex, which has failed to turn a profit in the past five years, will lose an additional $12 million annually following the decision of Texas lawmakers to outlaw automated ticketing machines. The Australian camera operator told investors that it would shift from red light and speed cameras into "intelligent motorways and urban traffic management," entering the much larger $21 billion tolling market."
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