ComputerLand hoping for greater prizes after GZE passport contract

ComputerLand has signed a zl. 23 million contract with the Silesian Energy Company (GZE) to supply it with a complete passport IT package. The passport system will allow GZE to integrate its network resources, monitor the actual state of its network, locate malfunctioning elements and transmission losses, manage network parameters, which will all help the company to manage its network more efficiently. This will be the first major contract in the energy sector for ComputerLand. According to the company's own estimates the utilities sector contracts will give the company zl. 20 million to zl. 30 million in revenue this year, and over zl. 100 million in 2003. The agreement signed with GZE, which is owned by the Swedish Vattenfall concern, will run for 21 months. Despite fierce market competition ComputerLand hopes to secure similar contracts in public utilities and telecommunication companies. For the April-June period of 2001 Computerland reported an unconsolidated net profit of zl. 4.7 million. The company believes the market for such passport systems is worth at least zl. 450 million. (Prawo i Gospodarka, p. 6; Reuters) A.L.