Friday, June 29, 2012

Wabtec lands Denver component contract

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Wabtec Corp. Friday said it has signed contracts worth about $25 million to provide components, including on-board Positive Train Control (PTC) equipment, for 50 new transit cars being built by Hyundai-Rotem for Denver's Regional Transit District (RTD).

The regional rail cars, to be used rail lines being built by Denver Transit Partners, are scheduled to be delivered in 2014.

Several Wabtec units will provide the equipment for the cars: Wabtec Passenger Transit (brakes and couplers), Wabtec Railway Electronics (PTC equipment), Bach-Simpson (event recorders) and Vapor Stone (doors).

"We're pleased to be working with Denver Transit Partners and Hyundai-Rotem on this important project," said Wabtec President and CEO Albert J. Neupaver. "This demonstrates the diversity of our capabilities and the integrated role that we are positioned to play."

Wabtec earlier announced a separate, $63 million contract with Denver Transit Partners to provide the dispatching and operations control systems, wayside signaling and communications systems, and related integration and project management services for the new lines.

The Denver train control system will meet the requirements of the U.S. Rail Safety Improvement Act of 2008, and uses PTC products that Wabtec is providing to Class I railroads and other commuter rail systems. As such, the Denver system will be fully compatible with other PTC installations in the U.S., Wabtec said.