World's biggest car builder chooses Cardo's brake systems for new commuter-train concept - first order worth SEK 75 mill

World's biggest car builder chooses Cardo's brake systems for new commuter-train concept - first order worth SEK 75 million Cardo's business area Rail and Bombardier Transportation Europe have signed a frame agreement that means that Rail will supply the complete brake systems for Bombardier's new generation of electric commuter trains of the Talent type for the next six years. Under the agreement, which covers equipment for 1,200 cars in all, Rail has received a first order worth SEK 75 million for 193 cars. "This is the biggest frame agreement we have signed so far. The fact that Bombardier, the world's biggest car builder, is choosing Rail as a partner in this project confirms that we enjoy a strong position when it comes to modern brake technology," says Cardo's president and CEO Kjell Svensson. "Thanks to this agreement, Rail is also strengthening its position as a system supplier in Europe in the electrically driven commuter trains segment, which is the fastest growing segment in the rail market." The first order under the agreement has now been signed. It relates to complete brake systems for 51 trains with a total of 193 cars, which will be delivered to the Austrian national railway company ÖBB. The order is worth SEK 75 million. The equipment will be manufactured at Rail's plants in Sweden, Germany and Italy, and delivery will occur over a two-year period starting in the spring of 2002. ÖBB has an option on a further 400 cars of the same type. "This order also signifies a breakthrough for us in Austria, since it will be our first delivery of complete brake systems for trains in this market," says Kjell Svensson. Cardo Rail is a business area in the Cardo group and one of the world's largest manufacturers of brake systems for rail vehicles. Rail's turnover amounts to approximately SEK 2.5 billion. Marketing is conducted under the SAB WABCO trademark. Malmö, Sweden, October 25 2001 Cardo AB (publ) For further information, please contact: Kjell Svensson, President and CEO, phone +46 40 35 04 53, +46 40 35 04 00 Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, +46 40 35 04 00 Cardo is an international engineering group with a turnover of approximately SEK 10 billion. Cardo holds a strong position in the markets for doors, pumps and rail-vehicle brake systems. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe, and roughly 8,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/25/20011025BIT00350/bit0002.doc http://www.waymaker.net/bitonline/2001/10/25/20011025BIT00350/bit0002.pdf