Verra Mobility to expand red-light and speed enforcement in Hawaii with 10-year contract
Verra Mobility (NASDAQ: VRRM) won a 10-year, approximately $160 million contract with Hawaii DOT to expand statewide red-light and speed enforcement.
Rhea-AI Summary
Verra Mobility (NASDAQ: VRRM) won a 10-year, approximately $160 million contract with Hawaii DOT to expand statewide red-light and speed enforcement. The program will grow from 17 to 187 dual-enforcement cameras, making it the first statewide automated enforcement program in the U.S.
Early program data show a 62% decline in daily red-light violations, a 76% reduction in major crash rate, 90% of violators avoided a second citation, and >510,000 speed violations captured in six months; 30 additional cameras are planned in 2026.
Positive
- $160 million contract value over 10 years
- Program expands from 17 to 187 dual-enforcement cameras statewide
- Red-light violations down 62% at camera sites
- Major crash rate reduced by 76%
- Over 510,000 speed violations captured in six months
Negative
- None.
Details
News Market Reaction – VRRM
In the Feb 20 session, VRRM gained 2.71%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Contract value
- $160 million
- Total for 10-year Hawaii statewide enforcement contract
- Contract term
- 10 years
- Duration of Hawaii Department of Transportation agreement
- Camera expansion
- 17 to 187 sites/cameras
- Program growth from 17 sites to 187 dual-enforcement cameras
- Additional cameras 2026
- 30 cameras
- Expected new cameras installed and running in 2026
- Violation decline
- 62%
- Decline in daily red-light violations at Oahu camera locations
- Major crash reduction
- 76%
- Reduction in major crash rate at automated enforcement sites
- No repeat citation rate
- 90%
- Share of violators not receiving a second citation after first
- Speed violations captured
- 510,000+
- Violations recorded in first six months of speed enforcement
Historical Context
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Five-year $998M NYC DOT enforcement contract with 34% value increase.
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Announcement of Q4 2025 earnings release and conference call timing.
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Named to 2026 GovTech 100 list for government-focused technology solutions.
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Locauto partnership to expand electronic toll payment solution across Italy.
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Survey showing strong parental support for school-bus and school-zone enforcement.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
automated enforcement technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Data shows
MESA, Ariz., Feb. 19, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, is expanding its red-light and speed enforcement program with Hawaii Department of Transportation (HDOT) across the entire state, making it the first statewide automated enforcement program in
In the first year of the program, red-light data from
- A
62% decline in daily red-light running violations issued at camera locations - A
76% reduction in the major crash rate 90% of violators did not receive a second citation after being issued a first
The speed enforcement part of the program was turned on earlier this year with clear evidence of its need. In the first six months of launching speed enforcement, more than 510,000 violations were captured – with some vehicle speeds exceeding 100 mph.
"We're honored to be a part of something that is creating major safety improvements for the state and the lives of its residents," said Edward Tiedje, vice president, Government Solutions, Verra Mobility. "
Verra Mobility is already working to start construction on the next phase of cameras. In 2026, 30 additional cameras are expected to be installed and running, with each major island receiving cameras in the following years.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in
Forward Looking Statements
We describe many of the trends and other factors that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K, and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.
We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings, and public conference calls and webcasts.
Media Relations: | Investor Relations: |
Valerie Schneider | Mark Zindler |
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SOURCE Verra Mobility
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