Aurionpro Solutions' subsidiary wins order in Latin America; Stock skyrockets 11%

13 Jul 2022 , 03:20 PM

SC SOFT PTE LTD (SC Soft), an Aurionpro subsidiary in Singapore has expanded its footprints in Latin American markets with the announcement of an order win in Ecuador.

The order is under the project for upgradation of the Metro de Quito, also known as Quito Metro, underground rail mass transit system in Quito, the capital of Ecuador.

Further, the present order covers first metro line in Quito, the capital of Ecuador is a 22.5km line from Quitumbe to El Labrador has 15 stations, including five intermodal interchanges.

SC Soft will provide payment devices with its Validator (SCV 500) under this project. The gates will be with pole-mounted validators (646) and passenger enquiry terminal (46) to allow passengers to utilise contactless cards and QR tickets on paper and mobile. EMV system is envisaged to also be included in the next phase of the metro.

Sanjay Bali, CEO – SC Soft said that “We thank Quito Metro for choosing us. With this win, we are excited to add one more Latin American country, Ecuador, after Mexico and Costa Rica, to provide our world class Automated Fare Collection Solution.

SC Soft, with this win, will get a strong foothold to become automated fare collection and ticketing payments solution provider, for buses and metro rail modes, in the region “

At around 3:15 PM, Aurionpro Solutions was trading at Rs280.10 per share up by Rs28.95 or 11.53% from its previous closing of Rs251.15 per share on the BSE.