Bombardier Transportation
TSX : BBD.A
TSX : BBD.B

Bombardier Transportation

October 15, 2007 08:02 ET

Bombardier Awarded Breakthrough Contract for Mass Transit Signalling System in Delhi, India

First Implementation of Bombardier's Leading-Edge Mass Transit Signalling and Safety Technology in India

BERLIN, GERMANY--(Marketwire - Oct. 15, 2007) - Bombardier Transportation announced today it has received a groundbreaking contract for rail signalling equipment in India from the Delhi Metro Rail Corporation Ltd (DMRC). The contract, valued at 30 million euros ($43 million US), involves the design, manufacture, supply, installation, testing and commissioning of BOMBARDIER(i) CITYFLO(i) 350 train control and signalling systems for two new sections of lines, totalling 37 kilometres and representing more than half of the Delhi Metro phase II expansion.

For Delhi Metro the new system will enable a predictable and cost-effective operation due to reduced wear and tear on the vehicles. Passengers will benefit from superior safety, short and constant headways and smooth rides.

BOMBARDIER CITYFLO 350 includes an automatic train operation feature that automatically drives the train from station to station, with the driver only supervising the passenger flow, the opening and closing of the doors and giving the departure permission.

The new signalling system from Bombardier will be installed on lines 5 and 6 of Delhi Metro. Line 5, is fully elevated and includes 16 stations connecting Inderlok with the terminal station of Mundka. Work on this line is expected to be concluded by December 2009. Line 6 is a partly elevated, partly underground section with 14 stations that connects Central Secretariat with the terminal station of Badarapur. The installation works on the Line 6 are expected to be concluded by May 2010. The system will be delivered by Bombardier Transportation Rail Control Solutions sites in Sweden, Thailand and India.

In total, the phase II expansion extends the existing network to cover all major destinations in the East-West and North-South corridors of this remarkable city where almost 16 million people presently live and will transport an impressive 4 million passengers every day, reducing their journey time and alleviating the heavy traffic congestion and pollution caused by more than 1 million cars that commute in New Delhi every day. In terms of rolling stock, the phase II expansion will also be served by Bombardier: 340 new BOMBARDIER MOVIA(i) metro cars will transport the people of Delhi, vehicles that integrate the world's most advanced technologies in metro vehicle manufacture.

Anders Lindberg, President, Bombardier Transportation Rail Control Solutions, said: "We are poised to support local Transit Authorities in the task of placing rail transportation in India amongst the world's greatest. Bombardier is focusing on the Indian market and this new contract, which is another demonstration of trust in Bombardier, encourages us to firmly pursue other projects in the country".

Rajeev Jyoti, Managing Director, Bombardier Transportation India, said: "Through its participation in a number of challenging railway projects in India over the last 35 years, including the remarkable traffic management system in Mumbai Western Railway, Bombardier has earned an excellent reputation and is now boosting up its presence in the country with new manufacturing plants and engineering sites, gaining a great understanding of the specific needs of the railway market in India."

"This contract will allow Bombardier Transportation to showcase for the first time in India some of its leading edge signalling technologies, like the Automatic Train Protection, the Automatic Train Operation, Solid State Interlocking and Traffic Management Systems for Metro application", Mr. Jyoti underlined.

Bombardier Transportation's Rail Control Solutions portfolio covers the whole range of BOMBARDIER CITYFLO mass transit solutions, from manual to fully automatic systems as well as communication-based systems. It also provides BOMBARDIER INTERFLO(i) mainline solutions, from conventional systems to ERTMS level 2 systems. Bombardier solutions encompass a complete palette of wayside and onboard products.

Note to editors:

Useful company background facts and contact details follow.

BACKGROUND FACTS AND FIGURES

About BOMBARDIER CITYFLO 350 signalling technology

CITYFLO 350 is a system with onboard automatic train protection (ATP) and automatic driving throughout with automatic train operation (ATO), with both ATP information and ATO status displayed in the driver's cab. The track to train communication is achieved via audio frequency track circuits and the system is designed primarily for metro applications where only limited action is required from the train driver, such as opening and closing doors. The system is used for trains running on segregated tracks.

CITYFLO 350 systems are already in operation throughout the world in such countries as Spain, Iran, Turkey and Korea. The CITYFLO range of systems of signalling for mass transit operations is successfully installed in the UK, USA, Germany, Italy, Spain, Portugal, Sweden and Singapore, with new systems being installed for the Neihu line in Taiwan and the Yong In project in South Korea. Through the operation of these installations, Bombardier Transportation is one of the leading global providers of automated metro signalling systems, with a 33% world market share.

Bombardier Transportation in India

Bombardier Transportation has been present in India for over 35 years. It has supplied Indian Railways with technologically advanced rail products, such as the WAP5 and WAG9 electric locomotives for passenger and freight applications and the Mumbai Traffic Management System. This system controls the 60-km rail stretch around Mumbai - one of the world's heaviest rail commuter traffics - on which the Western Railways run on time and with safety an impressive number of 1,000 trains everyday.

Bombardier Transportation is steadily ramping up its presence in India. Vadodara, Gujarat is home to its propulsion systems manufacturing facility and software development center for signalling and traction applications in India and for other Bombardier Transportation projects around the globe. The site is ISO 9001, ISO 14001 and OHSAS 18001 certified. In Hyderabad, Andhra Pradesh, Infotech Enterprises operates one of the most important engineering centers already sourcing key global projects for Bombardier Transportation.

Potential manufacturing and project associations in India

Bombardier is open to an association with Indian Railways under a Public Private Partnership approach to create a manufacturing facility to produce Bombardier locomotives in India, related to Indian Railways rail freight corridors project.

In the Mass Transit sector Bombardier is developing associations with companies in India.

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (TSX:BBD). News and information are available at www.bombardier.com.

BOMBARDIER, INTERFLO, CITYFLO and MOVIA are trademarks of Bombardier Inc. or its subsidiaries.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. By their nature, forward-looking statements require Bombardier Inc. (the "Corporation") to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the Corporation's actual results in future periods to differ materially from forecasted results. While the Corporation considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, please refer to the respective sections of the Corporation's aerospace segment ("Aerospace") and the Corporation's transportation segment ("Transportation") in the Management's Discussion and Analysis of the 2006-2007 Annual Report on the Corporation's Web site at www.bombardier.com.

Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with the Corporation's business environment (such as the financial condition of the airline industry, government policies and priorities, and competition from other businesses), operational risks (such as regulatory risks and dependence on key personnel, risks associated with doing business with partners, risks involved with developing new products and services, warranty and casualty claim losses, legal risks from legal proceedings, risks relating to the Corporation's dependence on certain key customers and key suppliers, risks resulting from fixed term commitments, human resource risks and environmental risks), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants and market risks, including currency, interest rate and commodity pricing risks). For more details, please see the Risks and uncertainties section in the Management's Discussion and Analysis of the 2006-2007 Annual Report on the Corporation's Web site at www.bombardier.com. Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect the Corporation's expectations as at this date and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

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