Siemens Transportation Systems Completes 16-Vehicle Light Rail Delivery to Charlotte

Final Siemens S70 LRV Is Shipped

Category:

Wednesday, March 14, 2007 8:08 am EDT

Dateline:

SACRAMENTO, Calif.

Public Company Information:

NYSE:
SI
"We all want economic development and growth. The arrival of the final S70 vehicle will assist Charlotte in realizing its plans for faster, more efficient transit alternatives for its citizens that, in turn, lead to economic prosperity"

Siemens Transportation Systems Inc. (STS) announced today the final shipment of a 16-vehicle light rail order for the Charlotte Area Transit System (CATS) LYNX Blue line rapid transit services. Siemens' S70 light rail vehicles will operate on the Southeastern region's first light rail line, an approximately ten mile stretch that extends from central Charlotte to the Interstate 485 expressway and is parallel to South Boulevard. CATS officials believe that the light rail line will move twice as many people as one accident-free lane on I-77.

"We all want economic development and growth. The arrival of the final S70 vehicle will assist Charlotte in realizing its plans for faster, more efficient transit alternatives for its citizens that, in turn, lead to economic prosperity," stated Oliver Hauck, president and CEO of Siemens Transportation Systems, Inc.

The S70, Siemens' highly successful 70% low-floor light rail vehicle, is capable of speeds up to 65 miles per hour and boasts enhanced safety and comfort. Featuring room for 236 passengers (AW3) with wheelchair accommodations, the S70 also allows for easy accessibility for all passengers, including those with special mobility needs. The car shells are constructed of low-alloy, high-tensile (LAHT) steel with a composite fiberglass covering. This modern construction method produces a higher structural efficiency and reduces energy consumption during operation. Siemens' newly expanded manufacturing facility in Sacramento, California constructed the car shell and completed the final vehicle assembly. The S70 LRV is currently in use in Houston, Texas, and San Diego, California.

About Siemens Transportation Systems, Inc. (U.S.)

Siemens Transportation Systems (STS) is the number one supplier of light rail vehicles in North America with more than 850 light-rail vehicles ordered in the U.S. and Canada. STS' product portfolio includes traction electrification, rail automation, rolling stock and integrated services for the North American public transportation and rail industry. With the only permanent U.S. light rail manufacturing facility on U.S. soil, STS provides innovative, safe and reliable transportation solutions. Offices are located in Sacramento, CA (HQ), Lake Oswego, OR, New York, NY and Minneapolis, MN.

About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $107.4 billion in fiscal 2006. Founded 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $21.4 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 480,000 people in 190 countries.

Contact:

Siemens Transportation Systems
Xanthi Pinkerton, 916-525-2855
Public Relations Manager
xanthi.pinkerton@siemens.com