TagMaster receives an extension order for the larger Paris train system area
Press Release, Stockholm, Sweden 12 April 2019
TagMaster, a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has through its subsidiary Balogh SA, received an extension order for SNCF Transilien that is the train system supporting the larger Paris area.
Balogh is one of the pioneers in the RFID technology and was founded in 1958. Balogh has since 2009 provided SNCF Transilien with detection systems. The Balogh equipment is used to detect elevated station platforms for wheel chair access, developed as part of the European RMU program “Reduced Mobility User”. This system automatically bridges the gap between the train and the elevated platform using Balogh RFID equipment for precise train positioning, thus providing safe wheelchair access.
The extension order, dedicated to the SNCF fifth and sixth train batches T05 and T06 comprises the well proved product range of MOL 81 1315 that have been in the market for many years. The products will be delivered from 2020 through early 2022 and the total order value is approximately € 700 000. Baloghs customer is one of the major global actors within train systems.
”TagMaster has earlier expressed its enthusiasm for the Balogh acquisition and this order 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, jonas.svensson@tagmaster.com
This information is information that TagMaster AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 CET on April 12, 2019.
About TagMaster
TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio and vision technology (RFID, Radar and ANPR) for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys and Hikob 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 Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.se