SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Instagram Outage Disrupts Thousands of U.S. Users 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
 - EconoTimes)
WILMERDING, Pa., Feb. 12, 2018 -- Wabtec Corporation (NYSE:WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 24 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration. Installation is expected to be completed by the end of 2018.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “The scope of our work on this project demonstrates the wide-ranging roles that Wabtec can play in the implementation of PTC for our customers. We are continuing to invest worldwide in this important segment of our business.”
Nicola Liquori, chief executive officer of SunRail, said: “Safety is the number one priority for SunRail and the Florida Department of Transportation. Positive Train Control will allow us to increase safety for our customers, crews and the traveling public in general.”
SunRail operates more than 60 miles of track through central Florida between Deland and Poinciana. CFRC’s PTC system will be fully interoperable with the system being implemented by all Class 1 railroads.
Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.
Contact:
Richard J. Stimel
Phone: + 1 412 825 1423
Email: [email protected]
Charlotte Rougeron
Phone: + 33 1 48 13 65 11
Email: [email protected]
Wabtec Corporation
1001 Air Brake Avenue
Wilmerding, PA 15148
Website: www.wabtec.com
