Redflex Reduces 2009 Outlook, Responds to Employee Shooting - GovernmentVideo.com

Redflex Reduces 2009 Outlook, Responds to Employee Shooting

The company said it’s aiming to increase its installed base of cameras by 25 percent each year for the next five years.
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Acknowledging some setbacks—including the April fatal shooting of an employee working in a mobile camera enforcement vehicle in Arizona—Australian traffic-cam provider Redflex said Friday it expected Fiscal Year 2009 profits will be about 10 percent lower than FY 2008. Previously, the company predicted a 40 percent growth in profits.

“Redflex’ financial performance in the Arizona state wide program has not met original expectation due to: the removal of mobile enforcement vehicles [after the shooting]; the hold on the anticipated rollout of 24 additional fixed camera system; and technical issues causing delays in receiving information from various courts in the state,” company Chairman Chris Cooper said in a letter to shareholders. He said the issues were being addressed by the company and Arizona authorities.

The company has begun reintroducing mobile enforcement vehicles after suspending their operation nationwide after the shooting.

The company said it’s aiming to increase its installed base of cameras by 25 percent each year for the next five years.

Redflex said over the last three months it has landed contracts in Middletown, Ohio; Huntington Beach and San Rafael, Calif.; Fairfax and Newport News, Va.; League City, Texas; Santa Fe, N.M.; Edison, N.J.; Highland Park, Ill.; and Sherwood, Ore.

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