Omnitech secures smartcard contracts in Brazil & China
Australian electronics concern Omnitech Holdings announced it had secured multi-million dollar contracts in Brazil and China.
Omnitech's subsidiary VFJ Technology has been awarded contracts to install contactless smart card systems into some 2400 buses in the northern Brazilian cities of Natal and Forteleza.
VFJ's managing director David Samways said it would receive significant revenues from the contracts worth a combined $17 million.
"We have been working on securing these contracts in Brazil for more than twelve months with a view to using them as a basis for expansion into other South American countries," Samways said in a statement.
Samways said the company had put in a proposal to transport authorities in the nation's capital, Brasilia, to provide the same technology for its 2,300-strong bus fleet.
In China VFJ has extended its market share of tollway applications to some 500 payment stations. Its contactless smart card parking meter system has been installed in dual bay meters for trialling in Hong Kong.
A proposal is to be submitted next month to Macau authorities to provide 1000 dual bay meters. VFJ said four cities in Taiwan are currently seeking similar proposals from them.
Item provided courtesy of Industry Search
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