Motorola Solutions, Inc. MSI recently announced that it has inked a long-term service support agreement with Singapore’s leading public transport operator SBS Transit. The contract, valued at S$14 million, will cover support and maintenance of SBS Transit’s radio communication infrastructure at Downtown Line, Sengkang, and Punggol Light Rapid Transit system for 15 years.
SBS Transit has relied on Motorola’s TETRA radio system in its daily operations for the past decade. The recent venture signifies the continuation of that long-standing business relationship. SBS Transit recorded 428 million passenger trips in 2023, an uptick of around 18%. As demand for rail services rapidly rises, Singapore’s leading public transport operator is aiming to enhance its infrastructure to offer a reliable, accessible, and sustainable transit option to travelers.
MSI’s TETRA radio communication technology delivers consistent and efficient communication tailored to match the needs of different markets. Its rugged and reliable TETRA devices establish a secure communication link between command centers and frontline workers to bolster situational awareness, collaboration, and safety across the entire operations. It also offers a comprehensive range of support services that streamline system maintenance, training, and network security management to maximize the system uptime.
Per the contract, MSI will boost the capabilities of SBS Transit’s existing TETRA Radio system. It will deploy on-site and remote network monitoring, technical support from locally-based teams, cyber resilience services, and system updates. This will ensure the long-term durability and resiliency of SBS Transit’s vast TETRA platform, which includes around 8,700 radios. Motorola’s managed service model will enable SBS Transit to smoothly run their daily operations while also planning for the expansion of rail services.
The market for mission-critical radio communications products is expected to grow at a substantial rate in upcoming years. Growing investments in smart city projects, efficient transport infrastructure and focus on public safety are driving up demand for Terrestrial Trunked Radio systems. Motorola with its robust portfolio of TETRA solutions is well-positioned to capitalize on this market trend.
The stock has gained 62.6% over the past year compared with the industry’s growth of 59.2%.
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Motorola currently carries a Zacks Rank #3 (Hold).
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