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Share Price Information for Costain (COST)

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Share Price: 83.80
Bid: 83.00
Ask: 84.00
Change: 4.00 (5.01%)
Spread: 1.00 (1.205%)
Open: 79.80
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Costain awarded technology contract

8 May 2018 07:00

RNS Number : 2646N
Costain Group PLC
08 May 2018
 

Costain Group PLC

 

Costain awarded technology contract by Highways England

 

Costain, the smart infrastructure solutions company, has been awarded a contract by Highways England to supply Motorway Incident Detection and Automated Signalling (MIDAS) technology systems to help improve road user safety.

 

Under the contract, Costain will supply 1500 MIDAS outstation units over a two-year period. MIDAS is the Highways England system which uses road sensors to detect congestion and display messages on signs to alert motorists.

 

Darren James, managing director, Infrastructure said, "Costain has a strong track record of supplying this technology to our client, having previously supplied MIDAS units for installation on the M1, M5 and M6. Technology is playing an important role in improving the driving experience for motorists on the UK highways network and our technology teams are playing an integral role in this."

 

The systems will be supplied from Costain's technology centre in Yatton, Somerset.

 

ENDS

 

8 May 2018

 

Enquiries:

 

Costain Group PLC

Tel: 01628 842444

Andrew Wyllie CBE, Chief Executive Officer

Tony Bickerstaff, Chief Financial Officer

Catherine Warbrick, Investor Relations Director

Sara Lipscombe, Group Communications Director

Instinctif Partners

Tel: 020 7457 2020

Mark Garraway

James Gray

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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