Altigen Technologies Announces Major New Contract with Connecticut Department of Transportation [Yahoo! Finance]
ALTIGEN COMMUNS INC (ATGN)
US:NASDAQ Investor Relations:
altigen.com/about-us/investor-relations
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Source: Yahoo! Finance
leading provider of digital transformation solutions and services, today announced that it is has been awarded a new contract from Connecticut Department of Transportation (CT DOT) for their visionary COMPASS project management system. This new agreement both extends and expands upon the prior contract between the two organizations. COMPASS is a cloud-based next generation digital transportation project management solution that manages the delivery of all of CT DOT's capital projects. This innovative solution spans the entire project lifecycle, from inception through construction. Today CT DOT relies on COMPASS to manage approximately 500 projects in the preconstruction phase along with another 180 projects in the construction phase. After a stringent bid process, in which Altigen was selected as the vendor of choice to develop the COMPASS solution, a new contract has been mutually executed in the amount of $12M over the next five years. For the past seven years Altigen (including
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