New contract signed
May 06 2010 - 2:00AM
RNS Non-Regulatory
TIDMRAM
RAM Investment Group PLC
06 May 2010
?
PRESS RELEASE
TrainFX secures major Contract
TrainFX, acting as a subcontractor, has been awarded a contract for the
provision of their real-time passenger information system for the Eversholt Rail
Group owned/Southern operated Class 313 (EMU) fleet.
The Derby-based Rail Technology Company will be responsible for system design
and supply of the TrainFX Passenger Information, Communication and Security
system (PICS) - Passenger Information (pi) module, for 19 x 3-car Class 313
EMU's.
The Product will be delivered as part of a major refurbishment project which is
being undertaken on behalf of Southern Rail.
TrainFX Managing Director Phil Campbell said: "This is another important
Contract success for TrainFX in the UK and one which allows us to further
demonstrate our new advanced passenger information system and to work with one
of the UK's leading train refurbishment Company's".
"Having made significant investment in the development of our portfolio of
technologies (over the past 5 years), we are delighted to see the rewards for
that investment, through another Contract award in the UK".
Tim Baldwin, Chairman of RAM, commented "This second major contract for a
passenger information system demonstrates the confidence that the rail industry
has in our leading edge technology. As previously reported, the scale of works
by contract value required to either upgrade or new supply passenger
information and security on trains is very large, particularly in the context
of our market value. There are few suppliers in this space and the company has a
substantive pipeline of tendered contracts. We expect further significant
contracts to be forthcoming in 2010 and onwards in both the UK and overseas and
as such we are very confident of the outlook for the company.
Ends
Contact:
For further information please call:
Tim Baldwin RAM investment Group Plc
0207 518 4303
Sandy Jamieson Libertas Capital Corporate Finance Limited
0207 569 9650
Thilo Hoffmann
Peter Greensmith Rivington Street Corporate Finance Limited
0207 565 3350
Jon Levinson
Media: for further information contact Phil Campbell, Managing Director -
TrainFX on 01332 366175.
Notes to Editors
About TrainFX
UK based TrainFX is a privately owned company which was formed in early 2005.
TrainFX is a specialist rail technology company focused on the design and
development of leading edge train-borne technology solutions incorporating
passenger information and entertainment, communications, security and
operational applications. (www.TrainFX.com)
PICS is a new generation in Train-borne systems providing the TrainFX
proprietary communications network which allows TrainFX to offer our clients the
benefits from connectivity while on the move.
PICS is a ruggedized network backbone offering location aware, real time and
near real time communications, providing unprecedented access to both the
delivery of information and to passengers and the gathering of data, all
available through our portfolio of PICS modules.
They PICS system has been engineered for both the new build and retrofit rail
markets and incorporates passenger information, communication, security, data
transfer modules
Copyright c TrainFX 2009. All rights reserved.
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END
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