Regulatory Filings • Sep 16, 2010
Regulatory Filings
Open in ViewerOpens in native device viewer
News Details
Corporate | 16 September 2010 11:00
Funkwerk AG: Funkwerk wins first major contract in Australia
Funkwerk AG / Key word(s): Agreement
Funkwerk wins first major contract in Australia
Kölleda/Sydney, September 16, 2010. The world's most successful mobile
device for rail traffic control has arrived on the fifth continent. Already
successful in 30 countries, Funkwerk's 'cab radios' have now attracted the
attention of Australia's Rail Corporation New South Wales (RailCorp NSW) in
Sydney. By the end of 2012, 685 of these GSM-R train radio systems will be
delivered with Funkwerk's digital technology. Worth several millions of
euros, it is the first major contract from Australia for the specialist in
communication technology from Kölleda in Thuringia.
Over the next 10 years, the Australian government plans to invest more than
50 billion Australian dollars (around 35 billion euros) to modernise its
rail infrastructure. As part of this 'Metropolitan Transport Plan',
RailCorp NSW - the largest regional rail transport operator 'down under'
with over 300 million passengers a year - has committed to modernising its
vehicle fleet and communication systems.
Australian government invests billions in developing rail infrastructure
Under the control of infrastructure provider United Group Infrastructure
Ltd. based in Sydney, Funkwerk will be responsible for equipping the trains
with GSM-R terminals. 'This is our first major break as a supplier in this
country. The new reference will open up the chance for us to win further
contracts advertised as part of the Metropolitan Transport Plan,' says Uwe
Lehmann, Managing Director of Communication Systems.
Aimed at modernising the regional rail transport in Australia's most
populated state with its capital, Sydney - the host of the Olympic Games in
2000 - the project has already commenced and is scheduled to be completed
by 2012. The contract awarded to Funkwerk also involves the option of
delivering a further 230 train radio systems.
Further options for global market leader Funkwerk 'down under'
Today, Funkwerk leads the market for cab radios by a wide margin, having
recently supplied the 20,000th mobile radio terminal for communication
between trains and operating centre. Rail operators in 30 countries
currently use cab radios from Funkwerk. As a result, the digital
communication systems from Funkwerk now control the data and voice radio
communication of all major public and private carriers world-wide.
As a basic requirement for secure, schedule-effective and reliable railway
operations, train radio systems factor increasingly in technical rail
services. As a result, the worldwide in demand for intelligent rail
communication technology as provided by Funkwerk is predicted to continue
to rise.
Further information:
Based in Kölleda near Erfurt, Funkwerk AG (ISIN DE0005753149) develops,
produces and markets solution-oriented communication and information
systems used in vehicles, transport and other companies and institutions.
With its four segments Traffic & Control Communication (communication,
management and information systems for transport and industry), Automotive
Communication (communication equipment for vehicles), Enterprise
Communication (telecommunication solutions, networks and data integrity for
companies), and Security Communication (personal security, video
monitoring, property protection), Funkwerk occupies a strategically
excellent position in future markets. Further information on Funkwerk AG is
available at www.funkwerk.com.
For further information contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Jörg Reichenbach
Investor Relations
Telephone: 0 36 35/6 00 -3 46
Fax: 0 36 35/6 00 -5 07
[email protected]
Sebastian Brunner
communications+consulting
Tel: 0175/5604673
[email protected]
16.09.2010 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Funkwerk AG
Im Funkwerk 5
99625 Kölleda
Deutschland
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 Hamburg, München, Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.