Wabtec Signs $9 Million Contract To Provide PTC Equipment/Services For San
Diego Rail Line
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
SOURCE Wabtec Corporation
Contact: Tim Wesley, Phone: 412.825.1543, E-mail: email@example.com
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