Traffic Technology Today.com
Subscribe to Traffic Technology
Subscribe to Traffic Technology
   Sort by: relevance most recent
  

NEWS >>

SmartTrans sells stake to Chinese partner

Right: SmartTrans believes the sale of shares to China Alarm will improve its access to the  Chinese ITS market

China Alarm Holdings, has invested US$2.9 million (Au$3.1 million) to acquire an 83 million share stake in Australian intelligent transport systems company SmartTrans.

“The funds will fast-track the customization of SmartTrans' intelligent transport systems for the Chinese market and finance expansion into the Chinese, Australian and international markets," says a spokesman for SmartTrans.

The two companies are already working together to offer logistics services to the Beijing organizing committee for the Olympic and Paralympics Games in 2008.

SmartTrans' technology can be applied to planning, controlling, monitoring and reporting of real-time transport activities including route and consignment optimization, vehicle tracking and proof of delivery for prospective customers in China.

Bryan Carr, chief operating officer of SmartTrans says, “Whilst the funding is significant, it is the strategic relationship that is of key importance, further strengthening our ties with a company with long established and strong customer relationships in China."

China Alarm is one of the largest providers of security monitoring systems and services in China, with a security network connecting major cities across the country. The company provides services to government, financial institutions, commercial entities, and residential districts.

November 20, 2007

Email


RECEIVE THE
LATEST NEWS


Your email address:



Monthly Poll >>

What percentage of people cross the road within 30 seconds of arriving at a pedestrian crossing? 

MAGAZINE >>

Read latest issueNEW DIGITAL EDITION:

The October/November 2018 issue of Traffic Technology International is now online.

Click here to read digital version
Click here to subscribe

Read now >>

INTERTRAFFIC WORLD >>

Read latest issueNEW DIGITAL EDITION:

Intertraffic World 2019 showcase is now online.


Click here to read digital version
Click here to subscribe

Read now >>

TOLLTRANS >>

Read latest issueNEW DIGITAL EDITION:

Tolltrans 2018 is now online.



Click here to read digital version
Click here to subscribe

Read now >>