Altigen Technologies Announces Major New Contract with Connecticut Department of Transportation

New Contract Builds upon Longstanding Business Relationship

MILPITAS, CA / ACCESSWIRE / February 20, 2024 / Altigen Technologies (OTCQB:ATGN), a leading provider of digital transformation solutions and services, today announced that it is has been awarded a new contract from Connecticut Department of Transportation (CT DOT) for their visionary COMPASS project management system. This new agreement both extends and expands upon the prior contract between the two organizations.

COMPASS is a cloud-based next generation digital transportation project management solution that manages the delivery of all of CT DOT's capital projects. This innovative solution spans the entire project lifecycle, from inception through construction. Today CT DOT relies on COMPASS to manage approximately 500 projects in the preconstruction phase along with another 180 projects in the construction phase.

After a stringent bid process, in which Altigen was selected as the vendor of choice to develop the COMPASS solution, a new contract has been mutually executed in the amount of $12M over the next five years. For the past seven years Altigen (including its ZAACT Consulting division) and CT DOT have worked closely together to deliver on CT DOT's goal of delivering a truly groundbreaking project management solution, COMPASS. The new contract enables Altigen to expand upon its previous development efforts to further streamline processes, improve operational efficiencies, and significantly reduce project management expenses.

"Our vision for COMPASS is to have a single platform to manage all of CT DOT's capital projects", said Bill Pratt, Principal Engineer at the Connecticut Department of Transportation. "We knew this was an ambitious project from the start, but also one which had the potential to generate a significant return on investment for the State of Connecticut. In addition to substantial cost savings, the COMPASS project has also resulted in better collaboration and communication, enhanced resource management, increased transparency and accountability and improved risk management, just to name a few. We look forward to our continued relationship with Altigen to introduce even more innovative features and applications to further advance COMPASS."