Brief: Lacroix Group To Equip Oslo’S Smart Public Lighting Infrastructure

Lacroix SA

29/11/2022 16:50

Nov 29 (Reuters) - Lacroix Group SA  LACR.PA :
    * LACROIX TO HELP UPGRADE OSLO’S SMART PUBLIC LIGHTING
INFRASTRUCTURE
    * OSLO HAS SELECTED LACROIX THROUGH ITS CITY ACTIVITY TO
EQUIP NEW
LED LAMPPOSTS WITH  RADIO-BASED COMMUNICATION ABILITIES.
    * CONTRACT HAS AN INITIAL DURATION OF 2 YEARS WHICH MAY BE
PROLONGED BY A YEAR TWICE, FOR A MAXIMUM DURATION OF 4 YEARS,
OVER WHICH A MINIMUM REVENUE OF EUR 1.5M MAY BE RECORDED
    * WITH THE AWARD TAKING PLACE IN JUNE, AND INAUGURAL ORDER
IN
JULY, FIRST  DELIVERIES HAVE BEEN MADE AND INSTALLATIONS ARE
UNDERWAY
    * EXPECTS TO RECORD THE FIRST  FINANCIAL IMPACTS OF THIS NEW
COMMERCIAL WIN OVER THE COURSE OF THE 2ND HALF OF THE YEAR.

Source text for Eikon:  ID:nGNE9wvZR3 
Further company coverage:  LACR.PA 
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