Bombardier Transportation Signs Cooperation Agreement
With Mitsubishi Heavy Industries Ltd., of Japan
SEPTEMBER 15, 1999
SAINT-BRUNO, QUEBEC--Bombardier Transportation announced today,
through its Kingston, Ontario-based Transit Systems, the signing
of a cooperation agreement with Mitsubishi Heavy Industries, Ltd.
(MHI) of Tokyo, Japan. Under the terms of the agreement,
Bombardier and Mitsubishi will work together in exclusivity to
explore and develop market opportunities for MHI's Airport People
Mover (APM) technology throughout North America and Europe.
The agreement assigns to Transit Systems the primary
responsibility for marketing and sales and the overall systems
integration responsibility of Mitsubishi's APM technology. As
project leader, Bombardier's scope of work will typically include
the design and supply of power supply, communications and
information systems; automatic fare collection; installation work;
systems engineering and integration; testing and commissioning of
Bombardier-supplied equipment; as well as operations and
maintenance services of the completed people mover systems.
Mitsubishi's anticipated work would involve the supply of the
people mover vehicles and vehicle spare parts; as well as
integration, supervision, testing and commissioning of
MHI-supplied subsystems and equipment, including the automatic
train control system.
The Mitsubishi technology uses rubber-tired vehicles and is
successfully operating in Japan and at the Chek Lap Kok Airport in
Hong Kong. Bombardier Transportation President and Chief
Operating Officer, Jean-Yves Leblanc, commented that "Bombardier
foresees an excellent opportunity for supplying people mover
systems to North American and European airport properties. This
long-term agreement takes full advantage of our combined strengths
to expand in the airport market sector, which is estimated at
approximately US $2 billion over the next ten years in the agreed territory."
Mitsubishi Heavy Industries, Ltd. is one of the largest
manufacturers in Japan. From its start as a shipbuilder, MHI's
business operations now encompass steel structures, power systems,
plants, air-conditioners, machinery for general and industrial
use, aerospace and transportation systems. MHI operates 14
enterprises in Japan and has developed business activities around
the world through a host of overseas offices and subsidiaries.
MHI's revenues for its fiscal year ended March 31, 1999, totalled
US $24.1 billion (2,908 billion yen).
Bombardier Transportation, a world leader in the manufacturing of
passenger rail cars, offers a full range of urban, suburban and
intercity vehicles as well as complete rail transit systems
world-wide. It also manufactures freight cars and provides
operations and maintenance services. Bombardier Aerospace in Japan
Bombardier's business interests in Japan are well demonstrated by
the long-established partnership between Bombardier Aerospace and
Mitsubishi Heavy Industries and other local suppliers. MHI is
responsible for designing and manufacturing large airframe
components for Bombardier's ultra long-range Global Express, the
super midsize Bombardier Continental Business Jet aircraft,
including the 70-passenger Q400 Dash 8 turboprop and the CRJ 700
Series regional airliner.
Bombardier aircraft are solidly positioned in the Japanese market
and interest is strong in its new business jets and regional
airliners. The Q Series Dash 8 turboprop aircraft have been
ordered by the Ryukyu Air Commuter and Amakusa Airlines with more
than 30 Challenger and Learjet business aircraft sold to Japanese investors.
Bombardier Inc. is a Canadian corporation, active in the fields of
aerospace, rail transportation equipment, recreational products,
financial services and services related to its products and core
businesses. It operates plants in 12 countries in North America,
Europe and Asia and more than 90 percent of its revenues are
generated outside Canada. Bombardier's revenues for its fiscal
year ended January 31, 1999, totalled $11.5 billion. |
