Overseas Expansion

<p> The Group continues to target overseas markets as a natural source of organic growth. </p> <p> 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. </p> <p> 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. </p>