(Alliance News) - Tesmec Spa has announced the start of work on the industrial and organizational upgrading of its Monopoli hub "to respond to a growing market," as the company explained.

With an increasingly global outlook but with strong roots in a territory as rich in resources and expertise as Puglia, Tesmec organized an event during which it shared its development prospects with local institutions and all employees.

The group, which has been present in Puglia since 2011 with the Monopoli and Bitetto plants and research centers of its subsidiary Tesmec Rail, active in the design, prototyping and manufacturing of rail vehicles and advanced systems for railway infrastructure diagnostics, thus wanted to emphasize the strong link with the Apulian territory and in particular with the Monopoli induced, presenting its strategy oriented to sustainable and digital technological innovation.

Tesmec Rail's research and development activities focus on the design of hybrid, bimodal and electric vehicles and works vehicles that minimize environmental impact and on the development of advanced diagnostics systems and integrated solutions for the management of strategic Big Data to increase infrastructure safety. In fact, market interest is increasingly focused on solutions with high performance and low consumption, as well as on products that guarantee the highest safety standards.

Tesmec president and CEO Ambrogio Caccia Dominioni commented, "We are proud to once again celebrate a very important milestone that lays the foundation for a new phase of growth. Our goal is not only to strengthen a pole of excellence in an area with great engineering capabilities and high expertise for the development of high-tech projects in the railway sector, but also to actively contribute to the development of a fast-growing area such as Monopoli."

"Tesmec Group is constantly engaged in a process of continuous innovation, and our mission is to continue the activity of developing technological solutions that anticipate market demands. I sincerely thank the Puglia Region, Puglia Sviluppo and the Municipality of Monopoli for sharing this opportunity with all Tesmec staff. I am convinced that 'making a system' is a winning choice to better face the challenges of the future."

Tesmec's stock is down 1.1 percent at EUR0.1590 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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