PRESS RELEASE : Vossloh Aktiengesellschaft: Vossloh wins order for data-based condition monitoring of turnouts in Sweden

 
 DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders 
Vossloh Aktiengesellschaft: Vossloh wins order for data-based condition 
monitoring of turnouts in Sweden 
 
2020-11-30 / 10:05 
The issuer is solely responsible for the content of this announcement. 
 
· The multi-year order covers sensor equipment and monitoring of 1,000 
turnouts of the customer Trafikverket 
 
· A precise understanding of the technical condition of turnouts is an 
important step on the way to more efficient maintenance and higher track 
availability 
 
*Werdohl, November 30, 2020.* Vossloh has won a strategically important 
order for data-based condition monitoring of turnouts in Sweden. The order 
was awarded by Trafikverket, the Swedish Central Office for Transport, to 
the Swedish subsidiary Vossloh Nordic Switch Systems AB. The project will be 
carried out jointly with DB Systemtechnik GmbH, a subsidiary of Deutsche 
Bahn AG. 
 
The multi-year order covers condition monitoring for a total of 1,000 
turnouts in the Swedish network. By means of sensor technology, data on 
selected parameters is continuously recorded in the track and automatically 
transmitted to a Vossloh-owned cloud-based platform. In this platform the 
data is processed and converted into corresponding recommendations for 
action for the customer by using algorithms based on artificial 
intelligence. 
 
Oliver Schuster, CEO of Vossloh AG: "The permanent sensor-based monitoring 
of the rail track forms the basis for condition-based and in perspective 
predictive maintenance of rail infrastructure. The resulting higher 
availability of tracks is a central requirement for shifting more traffic to 
the railway in the future. Only in this way it will be possible to achieve 
ambitious climate targets in the medium term. This order will allow Vossloh 
to leverage its uniquely broad understanding of the physics of rail track to 
maximize customer value." He also adds: "We are pleased about the trust and 
the further strengthening of our successful cooperation with Trafikverket. 
This forward-looking order underscores our outstanding position as a 
supplier of products and solutions in the field of rail infrastructure." 
 
The turnout is one of the most technically complex and hence also one of the 
most maintenance-intensive elements of the entire rail track. In the context 
of the intended and, in view of climate change, indispensable turnaround in 
mobility, it is therefore of particular importance. 
 
*Contact information for the media:* 
Gundolf Moritz (Mirnock Consulting) 
Phone: [phone] 
Email: [e-mail] 
 
*Contact information for investors:* 
Dr. Daniel Gavranovic 
Phone: [phone] 
Email: [e-mail] 
 
Vossloh is active in rail technology markets worldwide. The Company's core 
business is rail infrastructure. The Group activities are organized into the 
three divisions of Core Components, Customized Modules and Lifecycle 
Solutions. In the 2019 fiscal year, Vossloh achieved sales of &euro916.4 
million with an average of 3,786 employees. 
 
Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 
239 252-0 * Fax [phone] * www.vossloh.com 
Company headquarters: Werdohl, Germany * Commercial register: Local court of 
Iserlohn HRB 5292 
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube 
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall 
 
2020-11-30 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Vossloh Aktiengesellschaft 
             Vosslohstr. 4 
             58791 Werdohl 
             Germany 
Phone:       [phone] - 359 
Fax:         [phone] - 219 
E-mail:      [e-mail] 
Internet:    www.vossloh.com 
ISIN:        DE0007667107 
WKN:         766710 
Indices:     SDAX 
Listed:      Regulated Market in Dusseldorf, Frankfurt (Prime Standard); 
             Regulated Unofficial Market in Berlin, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1151045 
 
End of News DGAP News Service 
 
1151045 2020-11-30 
 
 

(END) Dow Jones Newswires

November 30, 2020 04:06 ET (09:06 GMT)