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Toshiba Receives Order from Taiwan High Speed Rail Corporation for E&M Systems for New Stations

  Toshiba Receives Order from Taiwan High Speed Rail Corporation for E&M
  Systems for New Stations

Business Wire

TOKYO -- February 20, 2014

Toshiba Corporation (TOKYO:6502) today announced that it has received a
turnkey order for electrical and mechanical systems (E&M) for three new
stations from Taiwan High Speed Rail Corporation (THSRC). The stations will be
constructed at Miaoli, Changhua and Yunlin on the Taiwan High Speed Rail line
(THSR) and open by the end of 2015. The E&M systems cover passenger
announcement systems, passenger information systems, signaling systems,
electrification and power systems, and the maintenance management information
system. Total order has a value of approximately 2.8 billion yen.

THSRC placed the original order for the THSR project in 2000 with a consortium
of seven Japanese companies, including Mitsubishi Heavy Industries, Ltd.
(MHI), Toshiba and Mitsui & Co., Ltd. At that time, Toshiba received orders
for train electrical equipment, the electrification and power supply system,
train traffic control system, communications system and maintenance management
information system. In May 2012, Toshiba and Kawasaki Heavy Industries, Ltd.
together received a further order for four 12-car train sets, and in July
2013, Toshiba and MHI received an order for E&M systems, including the railway
power supply system, for the Nangang extension project that will take the high
speed line from Taipei to Nangang.

Commenting on the award of the contract, Mr. Toshio Masaki, President and CEO
of Toshiba’s Social Infrastructure Systems Company, said: “We believe the
company’s record in the THSR system contributed to the award of the contract
for the new stations. Toshiba is committed to fully supporting the project and
bringing it in on schedule. We strongly hope that THSRC will continue to
advance its system, and that we can introduce THSR as a successful example of
the Shinkansen system to other countries planning to build high speed rail
lines.”

THSR services started in January 2007. Regularly scheduled trains currently
travel the 345km between Taiwan’s two major cities, Taipei and Kaohsiung, with
a travel time of approximately 90 minutes. By 2016, construction of the three
new stations and the Nangang extension project will be completed. With these
new stations, the THSR is expected to play an even more central role in
vitalizing Taiwan’s economy.

Going forward, Toshiba will bring its cumulative advanced technologies,
know-how, sophisticated system integration capabilities, and proactive
marketing activities that demonstrate how Toshiba can contribute to high-speed
rail projects, especially in developing economies.

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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 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
590 consolidated companies, with 206,000 employees worldwide and annual sales
surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at
www.toshiba.co.jp/index.htm

Contact:

TOSHIBA CORPORATION
MIDORI HARA, +81-3-3457-2100
Corporate Communications Div.
 
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