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EQS-News: Kontron AG
/ Key word(s): Contract
Kontron and Thales GTS România S.R.L. signed new contracts in the lower double-digit million range on implementing a new GSM-R system in Romania. A milestone in the further development of railways in Romania has been set. With this project the rail communications will be expanded. The safety of the commercial traffic will increase on the rail lines “Lugoj – Timisiora East” and “Cluj Napoca–Oradea–Episcopia Bihor”. The implementation work has already started, and the planned duration is 3 years. Kontron provides its long-term GSM-R experience and reliability, enriched by more than 15 years of lifecycle management in supply and maintenance. “This milestone project will bring lot of benefits to railways and rail passengers in Romania. It shows that GSM-R is still the technology of choice once mission critical networks for railways are deployed these days. While Kontron and the entire industry are starting to look more closely at FRMCS, this is a good demonstration for our comprehensive GSM-R competency” says Bernd Eder, CEO at Kontron Transportation and EVP Transportation at Kontron Group. “We are happy to contribute to the development of the railways in Romania. With Kontron Transportation we have the right partner on board for the implementation of a state-of-the art railway communication system” says Claudiu-Vasile Seicean, CEO Thales GTS România and President of Romanian Railways Industry Association. Kontron Group is the market leader in Europe for IoT solutions for high-speed trains and sees enormous growth potential in such infrastructure projects. There is strong political will to increase the share of public transport. For example, the European Union intends to expand high speed rail tracks from 11,000 to 33,000 kilometers. As a result, the “Software + Solutions” segment – just under 20% of revenue today – is expected to grow to become Kontron’s largest segment by 2027. In addition to considerable technical expertise, Kontron’s solutions require long-term service contracts for the lifetime of the networks and ensure stable revenue over many years.
About Kontron Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, medical and energy solutions, the company delivers technologies that add value for its customers. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange and has around 4,500 employees with subsidiaries in more than 20 countries around the world.
Follow Kontron: Kontron on Twitter Kontron on LinkedIn News about Kontron can also be found on the official Kontron blog
Media Contact
Barbara Jeitler Kontron AG – Investor Relations Tel: +43 (1) 80191 1199
Alexandra Kentros Kontron AG – Communications Tel: +49 151 151 9388 149
Jan Lauer Profil Marketing OHG Tel: +49 (531) 387 33-18
All rights reserved. Kontron is a trademark or registered trademark of Kontron AG. All data is for information purposes only and not guaranteed for legal purposes. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.
13.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Kontron AG |
| Industriezeile 35 | |
| 4021 Linz | |
| Austria | |
| Phone: | +43 (732) 7664 - 0 |
| E-mail: | ir@kontron.com |
| Internet: | https://www.kontron.com |
| ISIN: | AT0000A0E9W5 |
| WKN: | A0X9EJ |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF) |
| EQS News ID: | 1725299 |
| End of News | EQS News Service |
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1725299 13.09.2023 CET/CEST
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