Croatian locomotive and rolling stock manufacturer TŽV Gredelj has invited potential investors or strategic partners to express interest in supporting a recapitalisation to ensure the continuation of its business activities. The closing date is December 15.
Titagarh Wagons Ltd and MerMec have entered into a memorandum of understanding for the formation of an equally owned joint venture which would develop and manufacture cost-effective diagnostic technology for Indian Railways’ signalling and safety systems.
Aerospace, marine and motorsport composite manufacturer Cecence has secured £500 000 of investment from Finance Birmingham’s national Rail Supply Growth Fund, which will supports plans to enter the rail sector, expand its factory in Hampshire and recruit up to 10 more staff. The company said its hot compression process reduces manufacturing times from 2 h to 17 min, and could be used in rail applications including flooring, station ramps and train seats.
Start-up companies are being given the chance to implement and test smart city, transport and logistics technology with one of more industry partners through the Beyond1435 partnership, which brings together ALBA Group, Bombardier Transportation, Deutsche Bahn, Siemens, Swiss Federal Railways and TUI Group. Beyond1435 offers the startups professional mentoring and access to a global network, models and data to support the launch of pilot projects.
Penteon Corp and hiSky have announced a partnership to jointly supply satellite-based connectivity for remote sensing and asset tracking applications. ‘Penteon and hiSky are ideally positioned globally to deploy a purpose-built, private satellite network for all transport and rail operators’, according to Shahar Kravitz, CEO of hiSky. ‘By leveraging Penteon's private enterprise LTE A/5G and LPWAN networks and augmenting it with unique custom-built transport sensing platforms based on hiSky's mobile satellite terminals, it is now possible to offer custom-engineered wireless network services to railway and transport operators on a global scale, at cost effective prices.’
Israeli company Rail Vision is to examine the possibility of listing shares on NASDAQ. Founded in January 2015, Rail Vision is developing an image processing system designed to rapidly alert train drivers to obstacles on the track up to 1 500 m ahead, in any weather and lighting conditions.
Following a tender, Swiss Federal Railways has awarded APG|SGA a new concession to continue to manage its advertising spaces for 10 years from January 1.