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Aurionpro announces a major order win in Transit space, secures an order in the City of Merida, Mexico

Posted On: 2023-09-14 15:07:47 (Time Zone: IST)

Aurionpro Transit Pte. Ltd., an Aurionpro subsidiary in transit business, announces an order win for the supply of validators and hardware for the rapid transit bus project in the city of Merida, Mexico. The project, which has been awarded by the Government of the State of Yucatán, Mexico, will be delivered through MRP Technology Solutions, our partner in the region.

The Government of the State of Yucatán envisions to develop a metropolitan friendly and sustainable mobility system, locally called VayVen, which will allow the population to make faster and more efficient transfers, to save time and money, in addition to offering smart transportation solutions. This vision includes modernization of the fare collection system towards an open and interoperable system (acceptance of contactless cards, QRs, bank cards) and modernization of the equipment of existing validator equipment in buses. Aurionpro Transit is proud to partner in this initiative and in this first phase, valued at US$1.2 million, to be delivered over next six months, we will supply SCV500+ onboard validators and GV7 Gate validators in this project, through our partner.

Sanjay Bali, CEO - Aurionpro Transit said "I wish to congratulate our team for yet another win in this large market. Merida is the largest city in south-eastern Mexico and this win will give us a strong foothold and will open up a large rapidly growing market for us. As the project progresses, we anticipate receiving further orders. We are thankful to MRP Technology for partnering with us in this project."

He further commented, "Our strategy of expanding into multiple markets through partnerships is bearing fruits, and we foresee many more wins on the horizon."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 1192.70 as compared to the previous close of Rs. 1190.00. The total number of shares traded during the day was 1192 in over 41 trades.

The stock hit an intraday high of Rs. 1249.50 and intraday low of 1150.00. The net turnover during the day was Rs. 1444049.00.

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