TagMaster owned Balogh receives order on their new SIL4 product platform
Press release Sweden, Stockholm, March 28, 2018
TagMaster, the leading supplier of advanced RFID, Infomobility and ANPR solutions for vehicle identification within Traffic and Rail Solutions has, through its subsdiary Balogh SA, received an order for an European metro project.
Balogh is one of the real pioneers in the RFID technology and was founded in 1958. Balogh today has offices for development and production in Paris, in Toulouse and in Normandie and works within the two RFID segments Rail and Access/Security (Traffic).
The order comprises the new product range of MOS200/OMS201 (SIL4) products that have been finalized since TagMaster acquire the company. SIL4 (Safety Integrity Level) is the highest level of risk reduction that can be obtained through a Safety Instrumented Function/System.
Prior to this order Balogh have also begin deliveries of this product range to the US market making this European order good from a geographical reference perspective. The customer is a one of the major global actors in signaling systems.
”TagMaster has earlier expressed its enthusiasm for the Balogh acquisition and this orders confirms that our ambition that, together with Balogh, become a stronger supplier within Rail Solutions is materializing. We together have a wider product offering and we will together become one of the leading actors in train signaling” says Jonas Svensson, CEO, TagMaster.
For further information please contact:
Jonas Svensson, CEO, +46 8-6321950, firstname.lastname@example.org
TagMaster is an application driven technology company that designs and markets advanced identification systems and solutions based on radio & vision technology (RFID, Radar & ANPR) for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic and Magsys with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has dedicated agencies in the US and in China and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and, systems integrators. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden. TagMasters certified advisor is Remium Holding AB. www.tagmaster.com