TheNewspaper.com: Driving Politics
Home >Camera Enforcement > Revenue from Cameras > Poltech Drops Red Light Camera Business 
Print It Email It Tweet It

1/17/2005
Poltech Drops Red Light Camera Business
Failed red light camera maker Poltech drops cameras, renames itself and enters the energy business.

Northern Energy Corporation Ltd.
Failed red light camera contractor Poltech has emerged from bankruptcy and now is known as Northern Energy Company Ltd. A government audit has shown that Poltech was insolvent when it accepted a $1.8 million contract with the Victoria, Australia government for speed cameras that were proven to be faulty. Victoria is currently refunding motorists $26 million as a result.

The new company has sold its red light camera business and now focuses on coal exploration.

Article Excerpt:
Northern Energy is the new name for Poltech International, and, as many will remember, it hit the headlines last year as the business at the centre of the defective fixed speed camera fiasco that cost the Victorian Government $26 million in payouts to drivers.
Source: Float Note (Sydney Herald Sun (Australia), 1/17/2005)

Regional News:
Other news about Australia



Permanent Link for this item
Return to Front Page


Related News
Ex-Redflex VP Seeks $2 Million Bounty From Corruption Settlement

Redflex Reports $26.2 Million Loss

Redflex Slows Its Financial Losses

Credit Agencies Order Cities To Stop Reporting Unpaid Tickets

Illinois: Six-Figure Fines Levied In Redflex Corruption Trial




View Main Topics:

Get Email Updates
Subscribe with Google
Subscribe via RSS or E-Mail

Back To Front Page


Front Page | Get Updates | Site Map | News Archive | Search | RSS Feed
TheNewspaper.com: Driving politics
TheNewspaper.com