Regulatory Filings • Feb 6, 2012
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Corporate | 6 February 2012 10:00
Funkwerk AG wins landmark contract for Alister interlocking system
Funkwerk AG / Key word(s): Contract
06.02.2012 / 10:00
Funkwerk AG wins landmark contract for Alister interlocking system
– Breakthrough for use in public transport
– Contract valued in mid-single digit millions
– Market for electronic interlocking systems has great growth potential
Kölleda, February 06, 2012 – After substantial restructuring measures over the last few months, Funkwerk AG has now taken a decisive step in setting the future course of its operations. In a landmark contract for one of the company's primary core products, the efficient Alister interlocking system, Deutsche Bahn AG has commissioned Funkwerk under the existing module agreement to modernise the signalling equipment on the Bremen – Bremerhaven section. The interlocking systems are scheduled for operation in October 2013. The order volume ranges in the mid-single digit millions.
The development of the Alister platform for electronic interlocking systems has repositioned Funkwerk AG in the signalling equipment market. Contrary to previous solutions, the system produced by the company's Traffic & Control Communication (TCC) segment is based on standard industrial components, can be individually adapted and has a discretionary safety standard. This trendsetting concept minimises the costs for the user. Alister has already proven successful for many years in the cargo sector. The latest rail contract has given Funkwerk a breakthrough in the important public transport sector (ESTW-R) and opened up a market that holds significant growth potential – the European railway infrastructure is largely outdated and in dire need of modernisation. In Germany alone, some 31,000 units have now reached their age limit.
For further information contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Jörg Reichenbach
Investor Relations
Phone: 0 36 35/6 00 -3 46
Fax: 0 36 35/6 00 -5 07
End of Corporate News
06.02.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Funkwerk AG |
| Im Funkwerk 5 | |
| 99625 Kölleda | |
| Germany | |
| Phone: | +49 (0)3635 600 0 |
| Fax: | +49 (0)3635 600 507 |
| E-mail: | [email protected] |
| Internet: | www.funkwerk.com |
| ISIN: | DE0005753149 |
| WKN: | 575314 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 155179 06.02.2012 |
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