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MarketScreener Homepage  >  Equities  >  Nyse  >  Motorola Solutions, Inc.    MSI

MOTOROLA SOLUTIONS, INC.

(MSI)
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Motorola : fast tracks communication upgrade for Taiwan's premier rail service; Taiwan High Speed Rail Corporation chooses state-of-the-art TETRA system for safety, reliability and customer service

10/07/2020 | 03:42am EST

TAIWAN - - Motorola Solutions (NYSE: MSI) will upgrade Taiwan's High Speed Rail Service with the latest mission-critical voice technology based on the TETRA (Terrestrial Trunked Radio) digital radio standard.

Travelling at speeds of up to 300km/h and providing more than 130 services every day, instant and reliable, team-based voice communication is essential to keeping staff and passengers safe and services running smoothly.

The rail service is vital to Taiwan's economy, reaching more than 90 per cent of the island's population and attracting more than 60 million passengers each year. A 350km rail journey running from the capital Taipei to the southern city of Kaohsiung takes as little as 1 hour and 45 minutes.

Motorola Solutions'Asia Pacific vice president and managing director, Steve Crutchfield, said the upgraded voice communication system will ensure the rail service continues to deliver the highest levels of safety, reliability and customer service on every journey.

"Having worked with Taiwan High Speed Rail Corporation for more than a decade we have developed a very clear understanding of their rail workers' daily workflows and the organisation's wider operational needs," Crutchfield said.

"Our highly skilled teams will deliver a comprehensive refresh of the communications system without disrupting essential daily rail services," he said.

The popularity of rail travel continues to grow in Taiwan and earlier this year the rail service carried its 600 millionth passenger. According to industry analyst firm, MarketsandMarkets, the global high speed rail market will grow at a CAGR of 5.54% over the next five years.

The project involves the integration of complex systems as well as ongoing operational, maintenance and support services to be delivered over the next two-and-a-half years.

As a technology leader in the rail transport sector, Motorola Solutions has supported more than 120 rail projects in the Asia Pacific region over the past 40 years.

Motorola Solutions has shipped more than four million TETRA radios to commercial and public safety customers globally.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical communications and analytics. Our technology platforms in mission-critical communications, command center software, video security & analytics, bolstered by managed & support services, make communities safer and help businesses stay productive and secure. At Motorola Solutions, we are ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

Media Contact:

Damien Batey

+61428036806

damien.batey@motorolasolutions.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
MOTOROLA SOLUTIONS, INC. 1.47% 171.87 Delayed Quote.5.11%
TAIWAN HIGH SPEED RAIL CORPORATION -0.16% 31.35 End-of-day quote.-18.36%
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Financials (USD)
Sales 2020 7 384 M - -
Net income 2020 939 M - -
Net Debt 2020 3 882 M - -
P/E ratio 2020 31,5x
Yield 2020 1,52%
Capitalization 28 714 M 28 714 M -
EV / Sales 2020 4,41x
EV / Sales 2021 4,04x
Nbr of Employees 17 000
Free-Float 99,0%
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 182,45 $
Last Close Price 169,38 $
Spread / Highest target 19,3%
Spread / Average Target 7,72%
Spread / Lowest Target -4,95%
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Managers
NameTitle
Gregory Q. Brown Chairman & Chief Executive Officer
Jason J. Winkler Chief Financial Officer & Executive Vice President
Paul D. Steinberg Senior Vice President-Technology
Mahesh Saptharishi Chief Technology Officer
Judy Carol Lewent Independent Non-Executive Director
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