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ETH Eurotech SpA

0.793
-0.017 (-2.10%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eurotech SpA BIT:ETH Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.017 -2.10% 0.793 0.781 0.822 0.821 0.785 0.821 145,694 16:40:00

Eurotech: $60M Contract from SAIC to Power Positive Train Location System

12/09/2012 12:00pm

PR Newswire (US)


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COLUMBIA, Md., Sept. 12, 2012 /PRNewswire/ -- Eurotech, a leading supplier of embedded technologies, products and systems, today announces they have received a contract from Science Applications International Corporation (SAIC) for a total estimated value of $60M USD over a 3-year period to supply the Eurotech system as the embedded platform for a Positive Train Location (PTL) system. The first few units will be delivered during the second half of 2012, and deliveries will ramp up to full operational pace in 2013.

The Federal Railroad Administration and the North American railroad industry have been developing various elements for a Positive Train Control (PTC) system. The industry is now focusing on train length data accuracy and positive determination of train location through PTL projects.

The first phase of the project uses the ISIS ICE, a rugged sub-system based on the low power, high performance ISIS single board computer, which was certified last year as one of two hardware reference designs for PTC applications.  The ISIS ICE offers fanless diskless operation, combined with wireless communications, GPS options and flexible PC/104 I/O and communications expansion. The ongoing deliveries for this SAIC contract consist of the Eurotech computer on module, Catalyst TC, with custom board set and enclosure.

"We sought out an extremely rugged and reliable hardware platform for our PTL system that will be deployed on trains," said Judith Decker, Vice President, Intelligence, Surveillance and Reconnaissance Group, SAIC.  "The Eurotech ISIS is certified and meets our stringent requirements for operations in harsh environments.  The next phase of this project will greatly improve the safety of U.S. railroads, and we look forward to serving our customers with an innovative PTL system."

"Eurotech's ISIS ICE is very well suited to asset monitoring and control applications, as well as in-vehicle control, and this alignment helped us meet the challenging specifications for this exciting PTL project," said Greg Nicoloso, Chief Executive Officer for Eurotech in North America.  "Contributing to the U.S. railroad industry's initiative on train safety is quite gratifying, and we look forward to a long lasting relationship with SAIC."

About Eurotech

Eurotech is a listed global company (ETH.MI) that integrates hardware, software, services and expertise to deliver embedded computing platforms and sub-systems to leading OEMs, system integrators and enterprise customers for successful and efficient deployment of their products and services. Drawing on concepts of minimalist computing, Eurotech lowers power draw, minimizes physical size and reduces coding complexity to bring sensors, embedded platforms, sub-systems, ready-to-use devices and high performance computers to market, specializing in defense, transportation, industrial and medical segments. By combining domain expertise in wireless connectivity as well as communications protocols, Eurotech architects platforms that simplify data capture, processing and transfer over unified communications networks. Our customers rely on us to simplify their access to state-of-art embedded technologies so they can focus on their core competencies. Learn more about Eurotech at www.eurotech.com.

SOURCE Eurotech

Copyright 2012 PR Newswire

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