WABTEC ANNOUNCES RAILCAR TELEMATICS PLATFORM

Wabtec announced its entrance into the railcar telematics market via an agreement with Intermodal Telematics B.V. (“IMT”), a Dutch company, under which Wabtec will create a railcar telematics platform using IMT technology.

Wabtec plans to begin offering this railcar telematics solution in the first quarter of 2024. The solution will be offered exclusively by Wabtec in North America and other heavy haul freight markets globally as set forth in the agreement.

Wabtec railcar telematics will include sensors, gateways, wireless communications, and analytics. The technology will be offered for retrofit on existing fleets and also will make Wabtec's current railcar components smarter by integrating solutions right from production. The new offering will include a comprehensive suite of solutions that track real-time location and monitor key attributes such as handbrakes, hatches, doors, and loaded/unloaded status for a railcar, as well as cargo temperature and pressure for a tank container.