PRESS RELEASE ABOUT THE SIGNATURE OF A CONTRACT WITH ALSTOM/BOMBARDIER CONSORTIUM
PR Newswire/Les Echos/
Mersen selected by the Alstom/Bombardier consortium to provide equipment for
the new Montréal metro
Paris, January 16, 2013 - Mersen (Euronext FR0000039620 - MRN), a global expert in materials and solutions for extreme environments and for the safety and reliability of electrical equipment, is announcing the signature of a contract with the Alstom/Bombardier consortium to supply current collectors for the new Montréal metro. The contract is worth $5.5 million, with deliveries due to take place over a period of around 4 years.
It includes the supply of third-rail current collectors and shoes for the 52 9-car units that will run on the new metro.
Mersen is one of the world leaders in this market estimated to be worth around EUR50 million worldwide. The Group has already supplied similar systems for metros in Paris and Santiago (Chile).
"Mersen is delighted to have landed this contract with Alstom, one of its longstanding partners that has certified its products", stated Luc Themelin, Chairman of Mersen's Management Board. "The Group, which has leading-edge expertise in rail transportation, was also able to meet the specific challenges posed by this contract, i.e. compliance with the North American standards and manufacturing operations to be split between France and Quebec."
Mersen has a global sales and manufacturing base and its presence in France (St Bonnet de Mure) and in Quebec (Dorion) represented a crucial competitive advantage. In addition, Mersen is a longstanding partner of the Montréal metro system, providing its brushes and brushholders for auxiliary motors.
end About Mersen Global expert in materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries. With 7,000 employees in over 40 countries, Mersen achieved consolidated sales of EUR830 million in 2011. The Group is listed on NYSE Euronext Paris - Compartment B Visit our website www.mersen.com Analyst and Investor Contact Press Contact Véronique Boca Nicolas Jehly / Guillaume Granier VP Financial Communication FTI Consu lti ng Strateg ic Communications Mersen Tel: +33 (0)1 47 03 68 10 Tel: + 33 (0)1 46 91 54 40 Email: Nicolas.email@example.com / Email: firstname.lastname@example.org email@example.com
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-0- Jan/16/2013 17:25 GMT