MHI and Toshiba Receive Order from Taiwan High Speed Rail Corporation For Trackwork and E&M Systems for Nangang Extension

  MHI and Toshiba Receive Order from Taiwan High Speed Rail Corporation For
 Trackwork and E&M Systems for Nangang Extension Project to Extend High Speed
                        Railway from Taipei to Nangang

PR Newswire

TOKYO, June 24, 2013

TOKYO, June 24, 2013 /PRNewswire/ -- Mitsubishi Heavy Industries, Ltd. (MHI)
and Toshiba Corporation have received a turnkey order from Taiwan High Speed
Rail Corporation (THSRC) for its Nangang Extension Project in Taipei. The
order calls for the two companies to provide trackwork and E&M (electrical and
mechanical) systems for approximately 5 kilometers (km) of the 9.2km extension
line to connect Taipei Station and the city's new Nangang Station, which will
replace Taipei Station as the north terminus of the Taiwan High Speed Rail
(THSR) system. The extension line is scheduled to go into operation in March
2016. The order, received with the cooperation from Mitsui & Co., Ltd.
(Mitsui), is worth about 20 billion yen.

(Photo: http://photos.prnewswire.com/prnh/20130624/PH37488 )

THSRC's Nangang Extension Project covers the provision of new facilities and
equipment, to extend the THSR line from Taipei Station to Nangang Station,
which is currently under construction in the northern sector of Taipei. MHI
and Toshiba will install the trackwork and overhead electric power lines for
the trains, and also design, supply and install E&M systems for signaling,
communications, power supplies, operation management, etc.

MHI will be responsible for overall project management, provision of
trackwork, signaling, overhead power line equipment, and systems for data
transmission, telephone and operation monitoring cameras. Toshiba will be
responsible for the provision of the train traffic control system – the THSR's
command system – as well as the maintenance management information system, the
system to supply power to trains and wayside equipment, the train radio system
and passenger information systems.

THSR's trains currently travel the 345km between Taipei and Kaohsiung,
Taiwan's two most important cities, in as short a time as 90 minutes. Since
its launch in January 2007, over six and a half years of safe operation, the
line has seen a steady increase in passengers and become an essential
component of Taiwan's transportation network. With completion of the extension
project, the THSR system is expected to play an even greater role in
vitalizing Taiwan's economy.

The original order for the THSR project was placed in 2000, with a consortium
consisting of seven Japanese companies, including MHI, Toshiba and Mitsui. MHI
and Toshiba believe the team's track record in the project contributed to the
award of the extension project. Going forward the two companies, applying
their respective accumulated advanced technologies, knowhow and sophisticated
system integration capability, will proactively conduct marketing activities
to win high-speed railway projects planned in various countries and regions.

About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one
of the world's leading heavy machinery manufacturers, with consolidated sales
of 2,817.8 billion yen in fiscal 2012, the year ended March 31, 2013. MHI's
diverse lineup of products and services includes shipbuilding, power plants,
chemical plants, environmental equipment, steel structures, industrial and
general machinery, aircraft, space systems and air-conditioning systems.

For more information, please visit the MHI website
(http://www.mhi.co.jp/en/index.html).

About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions provider and
marketer of advanced electronic and electrical products and systems. Toshiba
Group brings innovation and imagination to a wide range of businesses: digital
products, including LCD TVs, notebook PCs, retail solutions and MFPs;
electronic devices, including semiconductors, storage products and materials;
industrial and social infrastructure systems, including power generation
systems, smart community solutions, medical systems and escalators &
elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than
550 consolidated companies, with 202,000 employees worldwide and annual sales
surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba's web site at
www.toshiba.co.jp/index.htm

SOURCE Mitsubishi Heavy Industries, Ltd.

Website: http://www.mhi.co.jp/en/index.html
Contact: For Mitsubishi Heavy Industries: Mitsubishi Heavy Industries America,
Inc. (MHIA), Transportation Systems Division, Darin Friedmann:
darin_friedmann@mhiahq.com, Tel: +1-212-397-6144, or Michael Ang :
michael_ang@mhiahq.com, Tel: +1-212-397-6145; or For Toshiba: Atsushi Ido:
atsushi.ido@toshiba.co.jp, or Toru Ohara: tooru.oohara@toshiba.co.jp, Tel:
+813-3457-2105, Fax: +813-5444-9202