This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Eurotech: $60M Contract From SAIC To Power Positive Train Location System

COLUMBIA, Md., Sept. 12, 2012 /PRNewswire/ --  Eurotech, a leading supplier of embedded technologies, products and systems, today announces they have received a contract from Science Applications International Corporation (SAIC) for a total estimated value of $60M USD over a 3-year period to supply the Eurotech system as the embedded platform for a Positive Train Location (PTL) system. The first few units will be delivered during the second half of 2012, and deliveries will ramp up to full operational pace in 2013.

The Federal Railroad Administration and the North American railroad industry have been developing various elements for a Positive Train Control (PTC) system. The industry is now focusing on train length data accuracy and positive determination of train location through PTL projects.

The first phase of the project uses the ISIS ICE, a rugged sub-system based on the low power, high performance ISIS single board computer, which was certified last year as one of two hardware reference designs for PTC applications.  The ISIS ICE offers fanless diskless operation, combined with wireless communications, GPS options and flexible PC/104 I/O and communications expansion. The ongoing deliveries for this SAIC contract consist of the Eurotech computer on module, Catalyst TC, with custom board set and enclosure.

"We sought out an extremely rugged and reliable hardware platform for our PTL system that will be deployed on trains," said Judith Decker, Vice President, Intelligence, Surveillance and Reconnaissance Group, SAIC.  "The Eurotech ISIS is certified and meets our stringent requirements for operations in harsh environments.  The next phase of this project will greatly improve the safety of U.S. railroads, and we look forward to serving our customers with an innovative PTL system."

"Eurotech's ISIS ICE is very well suited to asset monitoring and control applications, as well as in-vehicle control, and this alignment helped us meet the challenging specifications for this exciting PTL project," said Greg Nicoloso, Chief Executive Officer for Eurotech in North America.  "Contributing to the U.S. railroad industry's initiative on train safety is quite gratifying, and we look forward to a long lasting relationship with SAIC."

About Eurotech

Eurotech is a listed global company (ETH.MI) that integrates hardware, software, services and expertise to deliver embedded computing platforms and sub-systems to leading OEMs, system integrators and enterprise customers for successful and efficient deployment of their products and services. Drawing on concepts of minimalist computing, Eurotech lowers power draw, minimizes physical size and reduces coding complexity to bring sensors, embedded platforms, sub-systems, ready-to-use devices and high performance computers to market, specializing in defense, transportation, industrial and medical segments. By combining domain expertise in wireless connectivity as well as communications protocols, Eurotech architects platforms that simplify data capture, processing and transfer over unified communications networks. Our customers rely on us to simplify their access to state-of-art embedded technologies so they can focus on their core competencies. Learn more about Eurotech at www.eurotech.com.

SOURCE Eurotech

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,081.81 -81.18 -0.45%
S&P 500 2,115.83 -7.65 -0.36%
NASDAQ 5,091.4890 -15.1040 -0.30%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs