Stock Report

SC Soft signs multiple deals under California Integrated Travel Project

Posted On : 2022-06-23 10:23:10( TIMEZONE : IST )

SC Soft signs multiple deals under California Integrated Travel Project

SC Soft Pte Ltd (SC Soft), an Aurionpro subsidiary, recently had announced empanelment under the California Integrated Travel Project (Cal-ITP), an alliance of transit agencies in the state of California, USA. This is a multi-year, multi-million-dollar opportunity as it has opened for us the market consisting more than 300 transit agencies in the city and counties in the state of California. SC Soft has now announced first wins under Cal-ITP with orders from the below transit agencies providing multiple modes of transport services:

a) Humboldt Transit Authority (HTA), a Joint Power Agency that provides public transit services in Humboldt County, California

b) Lake Transit Authority (LTA), an operator of a public bus system that serves Lake County, California

c) Mendocino Transit Authority (MTA), a public transit service for Mendocino County

d) Redwood Coast Transit Authority, (RCTA), which provides fixed route service throughout the Crescent City area (in and beyond city limits) along with ADA paratransit in the developed area in and around Crescent City.

These orders cover Supply of Validators and Software as service for five years. These four transit operators will showcase the SaaS software model which will feature our GTFS enabled Automatic Vehicle Location System to help them track their fleet in real time.

Mr. Sanjay Bali, CEO SC Soft, said that "we are delighted to announce these wins which will establish us under the Cal-ITP which has opened a large market for us. This is the beginning and we are confident to scale up substantially in coming quarters by expanding the current engagements as well as winning more projects from many other transit agencies in this market."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 244.60 as compared to the previous close of Rs. 248.80. The total number of shares traded during the day was 1660 in over 165 trades.

The stock hit an intraday high of Rs. 263.50 and intraday low of 243.00. The net turnover during the day was Rs. 423498.00.

Source : Equity Bulls


AurionproSolutions INE132H01018 SCSoft CalITP California OrderWin