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Wabtec Signs Contract Worth $21 Million To Provide PTC Equipment/Services For TRRA

WILMERDING, Pa., May 23, 2016 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) has signed a contract worth about $21 million to design, install, test and commission Positive Train Control (PTC) for the Terminal Railroad Association of St. Louis (TRRA).

Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 17 locomotives; wayside and communications design, construction and training; and system integration. The contract is expected to be completed in 2018. Several Wabtec divisions are involved in the project: Wabtec Integrated Systems, Xorail, Wabtec Railway Electronics, Railroad Controls and Wabtec Global Services.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “The scope of our work on this project demonstrates the wide-ranging and increasing roles that Wabtec can play in the implementation of PTC for our customers. We plan to continue to invest in this important segment of our business, in the U.S. and internationally.”

TRRA owns and operates about 155 miles of track, with about 45 miles of mainline track encompassed in four subdivisions: Merchants, Illinois Transfer, MacArthur Bridge, and Eads. The remaining 110 miles consists of various industrial leads and yard tracks. TRRA’s PTC system will be fully interoperable with the PTC system being implemented by its Class 1 partners and Amtrak.

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.

Contact: Tim Wesley Phone: 412.825.1543 E-mail: twesley@wabtec.com Website: www.wabtec.com Wabtec Corporation 1001 Air Brake Avenue Wilmerding, PA 15148

Source:Wabtec Corporation