RNS Number : 3974L
  Kenetics Group Limited
  09 January 2009
   
    Kenetics Group Limited
    09 January 2009

    Contract Award from Singapore Land Transport Authority
        

    For Immediate Release                           


    Kenetics Group Limited

    Kenetics wins Award for On-Board Bus Equipment


    Kenetics Group Limited ("Kenetics" or "the Company" or "the Group"), the Radio Frequency Identification (RFID) company focused on
Security and RFID systems and products, announces today that it has been awarded a contract to supply On-Board Bus Equipment (OBE) with
Wireless Local Area Network (WLAN) by Singapore's Land Transport Authority. 

    This contract covers the design, manufacture, supply, deliver, install, test and commission of a new OBE and new WLAN. The scope covers
also trials on buses of the new equipment, which shall include features and components in a fare collection system. The total value of this
contract amounts to about �1.22 million. The contract is expected to complete with 15 months from the award of the tender. Upon successful
development and trials, roll-out of the new equipment is expected for the public buses in Singapore

    Since early 2007, Kenetics has been investing in the development of equipment and RFID readers used in Automated Fare Collection Systems
for Public Mass Transport such as bus and rail systems. As earlier announced on 18 September 2008, this development of products has led to
Kenetics winning a contract for the supply of Contactless Smart Card (CSC) Readers for the Singapore Land Transport Authority. 

    The implementation of both CSC Readers and OBE is expected to enhance Kenetics capabilities and growth in the Automated Fare Collection
Systems market.


    For more information, please contact:

    Ken Wong
    Kenetics Group Limited
    Tel: +65 6749 0083
    www.kenetics-group.com


    Graeme Thom / Mira Shukanayeva 
    Nominated Advisor
    Zimmerman Adam International Ltd
    Tel: +44 (0) 20 7060 1760
    www.zimmint.com





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