Wabtec (NYSE: WAB) announced today its entrance into the railcar telematics market using IMT technology; the solution will be offered exclusively by Wabtec in North America and certain additional countries. Wabtec’s new railcar telematics platform will deliver real-time information to railcar and tank container owners and operators, allowing them to turn rail cargo into smart, connected assets.
Wabtec railcar telematics will include sensors, gateways, wireless communications, and analytics. The technology will be offered for retrofit on existing fleets and also will make Wabtec’s current railcar components smarter by integrating solutions right from production.
The new offering will include a comprehensive suite of solutions that track real-time location and monitor key attributes such as handbrakes, hatches, doors, and loaded/unloaded status for a railcar, as well as cargo temperature and pressure for a tank container.
“The rail industry is on the verge of a new era where the use of real-time data about the status and condition of cargo will be transformative to the customer experience and supply chain efficiency,” said Nalin Jain, Group President of Digital Intelligence at Wabtec. “Telematics builds on Wabtec’s rich history serving the freight car markets with next-generation solutions. Our innovative solutions will improve shipment visibility, increase on-time performance, and expand asset utilization to make shipping freight by rail more competitive.”
“This collaboration marks a significant milestone for Intermodal Telematics, as we join forces with the industry powerhouse to deliver cutting-edge telematics solutions. By combining Wabtec’s extensive market expertise with our innovative technology, we will provide Wabtec’s customers with not just data, but with actionable intelligence in order to revolutionize the rail industry’s approach to monitoring, efficiency, and safety. This collaboration leads us into a future where predictive analytics and machine learning will redefine the dynamics of rail operations.“ said Dethmer Drenth, Managing Director and Founder of IMT.
Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide.Visit Wabtec’s website at: https://www.wabteccorp.com/
About Intermodal Telematics
Intermodal Telematics is a world leading telematics solution provider for the tank container andrailcar industry, offering smart sensor technology and a web application with which operators,container manufacturers, lessors and shippers can obtain the insights they need to improvetheir delivery performance, operational efficiency and safety. R&D, production, hardware andsoftware development are all in-house, delivering cost-effective product development via a dynamic team in the Netherlands and Spain, backed by an entrepreneurial management team with significant industry experience. IMT offers a complete range of monitoring sensors andtelematics systems including location, temperature, pressure, full/empty and heating sensors, all connected to its proprietary software platform.
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