KTP has signed 2 LOIs for strategic contracts for the Business Unit Controls in a potential value of up to 350 Mio. PLN

Both contracts are milestones in the development of our business unit Controls and we are entering into two of the biggest railway markets in the world.

KTP will start immediately to develop and supply electrical cabinets for the SBB (Schweizer Bundesbahn) together with the company Power Converter Solutions GmbH in Berlin (part of the Knorr-Bremse Group). The customer is Bombardier Transportation with its factories in Germany and Switzerland. The contract including all options will last until 2029 and has a value of up to 300 Mio. PLN. In sum we will supply for 1.108 train cars.
The first call of is until 2019 and consists of 384 trains cars and has value of about 105 Mio. PLN.

The second contract is for Bombardier Russia. Our customer is First Locomotive Company in Russia, which is a joint venture of Bombardier with a local partner.
KTP will develop and supply electrical cabinets and electric harnesses for 100 locomotives and the value of the contract is about 45 Mio. PLN and starts immediately and will last up to 2017.

KTP expects to continue to grow in these markets in the coming years.

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