TrainFX press release
October 26 2010 - 4:03AM
RNS Non-Regulatory
TIDMRAM
RAM Investment Group PLC
26 October 2010
?
FOR IMMEDIATE RELEASE
26 October 2010
RAM INVESTMENT GROUP'S OPERATING SUBSIDIARY, TRAINFX LIMITED, ACHIEVES KEY
MILESTONE SUCCESS
("TrainFX" or the "Company")
THE FIRST TRAIN IS NOW IN SERVICE WITH THE ADVANCED PASSENGER INFORMATION SYSTEM
OF TRAINFX. ANOTHER 56 TO BE INSTALLED BY YEAR END.
The first Class 165 Unit has been fitted with the new TrainFX Advanced Passenger
Information System and is now fully operational and running in passenger
service.
The Client is First Great Western whose passengers will now enjoy a significant
improvement in on-board information due to the removal of the previous obsolete
system and the replacement with the TrainFX "state of the art" on-board
information system.
This system has been constructed in accordance with the new European standards.
It provides real time information both to and from the train, enabling First
Great Western the ability to communicate with passengers in real time, ensuring
they are fully aware of any journey disruptions on route and on connecting
routes.
The train is the first of 57 (Class 165 and 166 Turbo trains) that are to have
the new passenger information system fitted. The remaining 56 trains are planned
to be fitted and in service by December 2010, operating on the London and Thames
Valley routes.
TrainFX Managing Director Phil Campbell said: "I am delighted to see this first
unit go into service and look forward to the remaining units being completed by
the end of 2010."
"This is an excellent 'high profile' reference that allows our client, their
passengers and the rail sector in general, to see the benefits of our system in
service operation".
Executive Chairman of RAM Investment Group plc Tim Baldwin comments:
"This is a milestone event for TrainFX. Since acquisition the Company has moved
from a research and development business to a company delivering and installing
new products on trains. We are excited about the potential for this business, in
the markets it is addressing. The validation of its product in a real
environment should help secure a substantial pipeline of further contracts."
For further information please call:
Tim Baldwin RAM Investment Group plc
0207 518 4303
Phil Campbell TrainFX Limited
0133 236 6175
Sandy Jamieson Libertas Capital Corporate Finance Limited
0207 569 9650
Peter Greensmith Rivington Street Corporate Finance Limited
0207 565 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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