TESMEC GROWS ON THE INTERNATIONAL RAILWAY MARKET: NEW ORDERS ACQUIRED FOR A TOTAL VALUE OF AROUND EURO 15 MILLION
Awarded contract in the Czech Republic by ELZEL Elektrizace železnic Praha a.s. with a value of approximately Euro 13 million. Acquired contract in Israel by Linom Ltd. with a total value of approximately Euro 2 million. The two contracts are of strategic importance for the Group because they confirm the international growth in the railway sector, especially in the catenary stringing field, in Countries that give priority to quality and innovative technologies
Tesmec S.p.A. (MTA, STAR: TES) (“Tesmec” or the “Company”), at the head of a group leader in the market of technologies for infrastructures (overhead, underground and railway networks) related to the transport of energy, data and materials (oil and derivatives, gas and water), and of technologies in surface mining, announces the award, via Tesmec Rail, of two international contracts in the railway sector, in the Czech Republic and in Israel.
In particular, the contract in the Czech Republic has a total value of approximately Euro 13 million and was awarded by ELZEL Elektrizace železnic Praha a.s., a leading company in the design, production, assembly and construction of electrical catenaries in the Czech Republic and in Slovakia. The scope of supply includes 4 multifunction vehicles for the maintenance and diagnostics of the railway catenary equipped with ETCS on- board system for Interoperability in Europe and 2 units for the automated stringing of the railway power line which, thanks to the high technological level, will be able to build an innovative overhead line for train traffic at speeds of over 200 km/h. These are latest generation vehicles, equipped with digital on-board systems and interconnected to the network to allow the collection and smart management of the data. The line will be installed with an innovative methodology, able to meet the operating conditions also for the new high- speed lines, not only in the Czech Republic, but also throughout Europe. Delivery of the vehicles and units is expected in the fourth quarter of 2022.
The other contract is an order made by Linom Ltd., a leading company in the field of civil engineering in Israel, for a total value of approximately Euro 2 million for the supply of 1 multifunction vehicle for the maintenance of overhead railway line with the opportunity to install diagnostic systems.
Linom Ltd. awarded a framework contract with Israel Railways for 5 years for the construction of new lines, maintenance and electrification of existing ones.
Thanks to this contract Tesmec enters the railway business in Israel, a market with interesting growth opportunities considering that the National Railways of Israel are aiming to use the most advanced solutions in the market to guarantee the highest standards of safety and technology. The delivery of the vehicle is expected in the first quarter of 2022.
The two new contracts have a strategic relevance for Tesmec Group, because they confirm the expected growth in the railway sector, consolidating Tesmec market position also at the international level in the business core of the catenary railway line electrification thanks to the design and production of technological railway vehicles and equipment which stand out on innovation, safety, efficiency, quality also by sustainability and energy saving.