SecurityWorldMarket

25/12/2018

Tagmaster wins 1 million Euro contract for Asia

Stockholm, Sweden

Tagmaster, a leading supplier of advanced sensor systems for Smart Cities within traffic and rail solutions has received orders for four CBTC (communications-based train control) projects in Asia and South East Asia.

The orders are made up of products used for train control i.e. the exact position of a train is known more accurately than with the traditional signaling systems. Using CBTC results in a more efficient and safe way to manage the metro traffic. The customer is an existing client, a big global player in signaling systems, and two of the projects are for the Chinese market.

These products are part of the standard assortment within the Tagmaster portfolio, but as they often are, have to be adapted (NRE) for different projects and different customers. The total order value is around €1 million and deliveries will take place during 2019 and 2020.

“Tagmaster has previously expressed the ambition to become a stronger supplier within rail solutions. With our wider product offering, together with Balogh, we feel confident of becoming one of the leading players in train signaling and we will be able to take on more and bigger projects” says Jonas Svensson, CEO, Tagmaster.



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