Wabtec Signs $9 Million Contract To Provide PTC Equipment/Services For San Diego Rail Line PR Newswire WILMERDING, Pa., July 22, 2013 WILMERDING, Pa., July 22, 2013 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) has signed a $9 million contract with Herzog Technologies Inc., to provide Positive Train Control (PTC) equipment and services for Oceanside, Calif.'s North County Transit District (NCTD). The contract includes an option worth an additional $5 million. Under the initial contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment and installation for seven locomotives and 10 passenger transit cab cars on NCTD's COASTER train. Wabtec will also provide back office engineering and systems integration support. Herzog Technologies was previously awarded a contract to implement PTC for NCTD, a regional transportation network that provides more than 12 million passenger trips annually and has about 60 miles of track. The NCTD system will be fully interoperable with PTC systems being implemented by Class I railroads. PTC was mandated by the Rail Safety Improvement Act of 2008 and requires fully functional PTC systems to be in place on trains, such as NCTD's COASTER, by Dec. 31, 2015. "We're pleased to be working with Herzog, NCTD and other industry suppliers on this important project," said Albert J. Neupaver, Wabtec's chairman and chief executive officer. "This demonstrates the role we can play, as PTC technology continues to be deployed by other transit agencies around the U.S. over the next several years." Wabtec Corporation is a global provider of technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world. The North County Transit District is a public transportation agency providing 12 million passenger trips annually throughout North San Diego County and into downtown San Diego. NCTD's system includes BREEZE buses, COASTER commuter trains, SPRINTER light rail trains, and LIFT paratransit service. NCTD's mission is to deliver safe, convenient, reliable and user-friendly public transportation services. Website: www.wabtec.com SOURCE Wabtec Corporation Website: http://www.wabtec.com Contact: Tim Wesley, Phone: 412.825.1543, E-mail: email@example.com
Wabtec Signs $9 Million Contract To Provide PTC Equipment/Services For San Diego Rail Line
Press spacebar to pause and continue. Press esc to stop.