DGAP-News: Funkwerk AG steps up successful internationalisation
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Funkwerk AG steps up successful internationalisation
23.05.2012 / 10:00
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Funkwerk AG steps up successful internationalisation
New contracts for passenger information systems
- Innovative system for Russian railway
- NewÖBB framework contract for LCD displays
Kölleda, 23 May 2012 - Funkwerk AG further consolidates its market position
in Traffic&Control Communication (TCC) securing two important new
contracts for passenger information systems on the international front.
Focused currently on strategic reorientation, the company has primarily
intensified its business in foreign markets making notable progress with
these latest orders from Russia and Austria. The new passenger information
systems feature innovative, energy-saving displays to ensure low life cycle
costs. This was a key factor enabling Funkwerk to prevail against tough
competition.
Russia's national railway company has appointed Funkwerk to supply and
commission its passenger information system at Vladivostok station. The
relevant system involves innovative technology, yet remains exceptionally
cost-efficient. It adds to a notably higher level of automated passenger
information, which will in future be provided using high-end LCD and TFT
displays. The new passenger information system will be delivered before the
end of summer. Funkwerk has already installed a comparable system at the
Russian railway station in Kursky, which proved a decisive factor in
winning the recent contract.
In similar ways, Funkwerk was able to strengthen its market position in
Austria, where it received a framework contract from Austria's national
railway company,ÖBB, for the supply of new platform indicators with LCD
technology. The contract involves around 160 train destination displays forÖBB stations to be supplied by 2015. The new platform indicators with
high-definition LCD panels provide information on train arrivals and
departures, but can also be used where necessary for free text such as the
notification of platform changes, construction work, delays, etc. The
indicators are controlled using Funkwerk's management system AURIS, which
has already been used in many other projects.
Funkwerk has focused its TCC segment on high-end system solutions for rail
and transport operators. In Germany, the company now holds a share of
around 50 per cent in the market for station display and announcement
systems. As the market in Western Europe is also characterised by a high
level of equipment, the further internationalisation of operations has
become a key strategic priority for Funkwerk. The value of these latest
contracts, which confirm the success of recent corporate measures, is said
to be in the mid single-digit range.
For further information please contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Jörg Reichenbach
Investor Relations
Phone: 0 36 35/6 00 -3 46
Fax: 0 36 35/6 00 -5 07
reichenbach(at)funkwerk.com
End of Corporate News
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Language: English
Company: Funkwerk AG
Im Funkwerk 5
99625 Kölleda
Germany
Phone: +49 (0)3635 600 0
Fax: +49 (0)3635 600 507
E-mail: info(at)funkwerk.com
Internet: www.funkwerk.com
ISIN: DE0005753149
WKN: 575314
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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171079 23.05.2012
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