The Group continues to target overseas markets as a natural source of organic growth.
In addition to the revenue generated in Australia from the Sky High (Traffic Services) part of the Group, the business also delivered a major implementation for our COMPASS software in Scandinavia with a new client which followed on from successes in previous years and increased our footprint further in this territory.
Tracsis continues to explore opportunities in the North American market and has now signed an exclusive distribution agreement with a US rail technology partner for its Remote Condition Monitoring technology. Since signing this agreement we are pleased to announce an additional two US Class 1 pilots for the adoption of our RCM technology (hardware and software) and hope to announce further progress in due course.
