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DTI Group awarded QLD contracts

Perth based DTI Group Ltd has reinforced its position as a market leader in mass transit video surveillance systems by winning new contracts in Australia and Europe.

DTI has been awarded three new contracts in the past month and has been named preferred tenderer for a fourth.

The biggest contract was for the multi-million dollar installation of its video surveillance system in 2,700 buses in Brisbane. This will add to the 8,500 cameras already installed in buses and trains in states across Australia and 12,000 cameras globally.

A smaller but potentially significant contract was to supply its advanced video surveillance systems for 77 trams in Rotterdam.

The new contracts will continue the expansion of the unlisted company, which in February raised $900,000 via the exercise of options and conversion of convertible notes to support its growth.

Chairman Peter Harley said the capital raising was well supported, with 85 per cent of the company's options and convertible notes exercised.

Mr Harley, who joined the DTI board in July 2004, brings extensive experience to the company, having previously served on the boards of technology companies iiNet, ERG, HarvestRoad and Nautronix.

Chief executive Richard Johnson says innovation has played a critical role in the company.

"Innovation is very, very important. When GE did a global search four years ago for companies to partner with to build their next technology, they picked DTI as we had an excellent technology base which was proven," he said.

While DTI's core business is the supply of video surveillance cameras for buses and trains, the company is building on this base.

In February it was awarded a three-year equipment and software maintenance agreement for the communications, passenger information and video surveillance systems on passenger rail cars in WA.

This builds on the $4 million system supply contract signed with the Public Transport Authority in 2005.

"This project further extends DTI's business into the outsourced service business and effectively builds on the service bureau already established for our core customers," Mr Johnson said.

Technology development takes place at the company's Perth office and is complemented through a strategic research partnership with Curtin University of Technology.

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DTI Group (DTI)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
121stSwift Networks118%-7%
394thMustera Property Group9%0%
625thGruden Group-29%-12%
755thOrbital Corporation-53%8%
795thDTI Group-67%0%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/03/17
$14k Bought
27/02/17
$101k Bought
20/12/16
$29k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

75th↓Orbital Corporation$17.7m
76th↑Mustera Property Group$17.5m
77th↓DTI Group$17.1m
78th↑Swift Networks$17.0m
79th↑Gruden Group$16.4m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from DTI Group

1008thJeremy King$40k
1443rdGlyn Denison$35k
1444thNeil Goodey$35k
Ranked by total remuneration from all listed WA companies

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