Sensys Gatso's Q3 figures were strong across the board. The order intake e.g. grew 190 % (incl. procurement awards). In this research update we especially include some interesting data and thoughts around uninsured vehicles, suggesting that there is a large TAM for this application. However, the company has a cautious approach and prefers to await the results from Oklahoma before discussing the potential. We maintain our uninsured vehicle estimates and our fair value range, for now.