Development of New Rail System Efficiency Application Announced
Alstom, a global leader in rail transportation and The CoSMo Company, a global technology company specialised in decision management, announce a strategic partnership to develop a new application to improve the global efficiency of a rail system.
This application is expected to set the global standard for energy efficiency, and operations optimisation. It will allow operators to consider the entirety of their rail operations which has never been done before, as every part of a system is usually assessed separately. It will allow Alstom to design more efficient transport networks and to meet higher performance and service quality standards.
Hugues de Bantel, Co-founder and CEO of The CoSMo Company, said:
“When large companies like Alstom work with innovative startups like CoSMo the results are incredibly positive for both parties. By combining our competencies in complementary domains Alstom and CoSMo are better positioned to transform rail systems worldwide”
The application will be based on CoSMo’s software platform. The combination of Alstom’s expertise in rail operations and technologies and CoSMo’s experience in asset investment optimisation and decision management will enable the application to deliver significant value for rail system owners and infrastructure managers worldwide.
Eric Marie, VP Systems at Alstom, said:
“Thanks to its large number of urban integrated systems projects under execution worldwide, Alstom has a strong experience in optimising transport solutions. The development to be carried out in partnership with CoSMo will allow us to reinforce our simulation competencies and optimise the lifecycle of our systems for the benefit of our customers”
Michel Morvan, Co-founder and Executive Chairman of The CoSMo Company and CEO of CoSMo US, added:
“CoSMo is the global leader in decision management for complex systems. I am excited to see our companies combine their knowledge to develop a world leading application for rail system operators that will allow operators to optimise their asset management, be more energy efficient, and meet their KPIs for performance and service quality”