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Total News: 110
18 April 2008
ERG Announces Restructure and Half Year Results
ERG Limited today announced a restructure of its operations to facilitate a major recapitalisation following the loss of its major contract for the supply of an automated ticketing system in Sydney.
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4 April 2008
Company Update
ERG would like to provide an update on its progress on a number of issues since its announcement on 11 February 2008.
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29 February 2008
Company Secretary Appointment/Resignation
ERG announced today the appointment of Mr Glen Smith as Company Secretary of the Company. Mr Smith replaces Mr Stephen Gethin with effect from 1 March 2008.
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22 February 2008
Tcard Counterclaim
ERG advises that the New South Wales Government has filed a claim in the NSW Supreme Court against Integrated Transit Solutions Ltd, a subsidiary of the Company in relation to the terminated Tcard project.
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11 February 2008
ERG Announces Additional Funding to Support Ongoing Business
ERG today announced that that its major shareholder group, the Ingot Entities, has agreed to provide ERG with a new funding facility of up to $15 million as required by the Company. These funds will be used to strengthen ERG’s ongoing businesses.
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30 January 2008
ERG considers $250 million claim on TCARD
ERG today identified its losses so far to be approximately $250 million on what it describes as the NSW Government’s unlawful termination of the Tcard contract, and is considering legal action.
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24 January 2008
ERG Response to Tcard Termination
ERG’s Board of Directors today described the NSW Government’s decision to terminate the Tcard project as unreasonable, short term, and politically driven. The Government’s action is bitterly disappointing given that the project, despite its difficulties, was so close to being available for the commuters of New South Wales.
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23 January 2008
Sydney Project Termination
ERG has received a notice terminating the Sydney Integrated Ticketing System Project agreement from its customer, the Public Transport Ticketing Corporation, with immediate effect. ERG is considering its position in relation to the notice, and will keep the market fully informed of its effect on the Company.
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5 December 2007
TransLink Customer Feedback
A video illustrating some of the feedback received from the TransLink project in the US. Courtesy of MTC.
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3 December 2007
Sydney Project Update
Sydney’s smart card public transport ticketing system is scheduled to be ready for joint public trial on trains and buses by mid next year with full system operation available in 2009
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