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NJ TRANSIT to Install Conduent 3D Fare Gates to Modernize Stations

1. Conduent Transportation wins contract to install 3D fare gates for NJ TRANSIT. 2. The modernization project enhances fare collection reliability in New Jersey.

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FAQ

Why Bullish?

The contract with NJ TRANSIT signifies growth and stable revenue, akin to previous successful deployments by Conduent.

How important is it?

The contract could positively influence CNDT’s earnings and investor sentiment in the near term.

Why Short Term?

This contract may generate immediate revenue and enhance CNDT’s reputation in the smart mobility sector.

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FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced a contract with NJ TRANSIT to install state-of-the-art 3D fare gates across two of its stations in New Jersey. NJ TRANSIT will leverage Conduent's advanced 3D Fare Gate Solution to modernize its infrastructure and enhance the reliability of fare collections. The nearly 8-foot-tall gates will be installed.

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