Siemens Receives $83 Million Light Rail Vehicle Order From Houston METRO


Wednesday, April 6, 2011 8:08 am EDT



Public Company Information:

"Light rail is a zero-emission transportation option, and it takes cars off the crowded roadways."

Houston METRO awarded Siemens Industry, Inc. (NYSE: SI) a contract worth $83 million to build and deliver nineteen S70 light rail vehicles including spare parts, training and manuals, marking Siemens' second order from Houston METRO, which will bring the total number of Siemens vehicles in Houston to 37. The vehicles will be manufactured from start to finish at Siemens' rail vehicle manufacturing plant in Sacramento, Calif., an operation powered mostly by two megawatts of solar energy.

Siemens was the turnkey provider for Houston METRO's 7.5 mile starter line, which opened in January 2004, just in time to transport 64,005 fans to and from Super Bowl XXXVIII. Siemens provided the rolling stock, rail automation, rail electrification and overall project management to achieve this starter line. Houston METRO currently has 16 stations and eighteen S70 light rail vehicles in operation, with an average daily ridership of 34,600.

"Siemens is proud to provide these light rail vehicles, built right here in the United States and using sustainable manufacturing practices," said Oliver Hauck, president, Mobility Division, Siemens Industry, Inc. "Light rail is a zero-emission transportation option, and it takes cars off the crowded roadways."

The new rail cars will be delivered beginning in October 2012. The S70 has a maximum operational speed of 66 miles per hour. Its low floor design enables passengers to board the train at street level, providing quicker and easier access for people of all abilities.

About Siemens

A division of Siemens Industry, Inc., Siemens Mobility Division is North America's leading provider of transportation and logistics solutions. Using its "Complete Mobility" approach, the division focuses on networking various modes of transportation to maximize the most efficient transport of people and goods. "Complete mobility" includes operations control systems for railways, roadway traffic control systems, airport logistics solutions, postal automation, traction power supplies, rolling stock for mass transit, regional and mainline services, turnkey systems as well as forward-looking service concepts. With around 24,000 employees worldwide, the Mobility Division posted worldwide revenues of $8.8 billion in fiscal year 2010.

Siemens Industry, Inc. is the U.S. affiliate of Siemens' global Industry Sector business—the world's leading supplier of production, transportation and building technology solutions. The company's integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram Sylvania. With nearly 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010.