SC Soft signs multiple deals under California Integrated Travel Project (Cal-ITP); Stock zooms 4%

23 Jun 2022 , 12:59 PM

SC Soft Pte Ltd (SC Soft), an Aurionpro Solutions-led subsidiary, recently had announced empanelment under the California Integrated Travel Project (Cal-ITP), an alliance of transit agencies in the state of Calfornia, 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 announced first wins under Cal-ITP with orders from the below transit agencies providing multiple modes of transport services:

• Humboldt Transit Authority (HTA), a Joint Power Agency that provides public transit services in Humboldt County, California
• Lake Transit Authority (LTA), an operator of a public bus system that serves Lake County, California
• Mendocino Transit Authority (MTA), a public transit service for Mendocino County
• Redwood Coast Transit Authorit, (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.

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.”

At around 12:57 PM, Aurionpro Solutions was trading at Rs254.25 per share up by Rs9.65 or 3.95% from its previous closing of Rs244.60 per share on the BSE.