Bombardier Receives 55 Million Euro Order for the Newest Generation
of Double-Deck Coaches
Bombardier Shows Continued Commitment to Polish Market
BERLIN--(Marketwire - July 24, 2007) - Bombardier Transportation has received an order to supply 37 new generation double-deck coaches for the suburban rail network operated by Koleje Mazowieckie in the Mazovia region of Poland. The contract is valued at approximately 55 million euros ($76 million US). The funding for this new order is shared by the customer, the Mazovia Region and the EIB (European Investment Bank). Delivery of the coaches is scheduled to be completed in 2008.
Commenting on this contract, Stephane Rambaud-Measson, President Mainline & Metros, Bombardier Transportation said: "We have always been committed to the Polish market and are delighted to offer our best products, incorporating the latest technology and environmental advantages to one of the most dynamic operators in Central Europe, Koleje Mazowieckie. We see a very strong future for our spacious, high capacity double-deck coaches in Poland and are confident they will create the same positive impact that they have in other European countries."
Janusz Kucmin, Chief Country Representative of Bombardier Transportation in Poland added: "Through our strong local presence, Bombardier Transportation has been a major supporter of Poland's rail infrastructure modernization and a strong player in the mass transportation market. We are committed to increasing our participation in supporting the country's development and we are very proud to play an important role in the future development of the Polish rail industry".
The new generation of double-deck coaches to be delivered to Poland is also enjoying increasing popularity among passengers in other countries, including Germany, Luxembourg, Denmark and Israel. Around 2000 double-deck coaches were running over the last 13 years. In Germany alone, over 1600 Bombardier double-deck coaches are successfully transporting passengers on a daily basis. During the 2006 InnoTrans global trade fair in Berlin, Bombardier Transportation was awarded Deutsche Bahn's special award for the outstanding quality and reliability of its double-deck coaches.
The coaches include full climate control and smooth and quiet ride characteristics to optimize passenger comfort. Spacious multi- purpose compartments wide entrances and convenient low floor height in the intermediate coaches facilitate access for people with special needs. In addition, electronic passenger information systems ensure a pleasant and contemporary travel experience, encouraging people to travel by rail.
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Useful company background facts and contact details follow.
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Background facts and figures
About Bombardier Transportation in Poland
Bombardier Transportation's commitment to the Polish market manifests itself through long-term investments in four production sites. Today, the company employs more than 1300 people at Wroclaw, Lodz, Katowice and Warszawa. The wide scope of activities covers manufacturing of steel bodies, bogie frames and electrical equipment for rolling stock in Wroclaw, design and manufacture of rail traffic control systems in Warszawa and Katowice as well as electrical device servicing in Lodz.
Bombardier Transportation Polska (formerly Pafawag) has played a major role in equipping the Polish railways with rolling stock ever since the foundation of the company in 1838. For example, since 1945, fully 70 % of all electrical locomotives and all Electric Multiple Units currently in operation have been delivered by the Wroclaw factory.
About Bombardier Transportation
Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
This press release includes forward-looking statements. Forward- looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. By their nature, forward-looking statements require Bombardier Inc. (the "Corporation") to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the Corporation's actual results in future periods to differ materially from forecasted results. While the Corporation considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, please refer to the respective sections of the Corporation's aerospace segment ("Aerospace") and the Corporation's transportation segment ("Transportation") in the Management's Discussion and Analysis of the 2006-2007 Annual Report on the Corporation's Web site at www.bombardier.com.
Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with the Corporation's business environment (such as the financial condition of the airline industry, government policies and priorities, and competition from other businesses), operational risks (such as regulatory risks and dependence on key personnel, risks associated with doing business with partners, risks involved with developing new products and services, warranty and casualty claim losses, legal risks from legal proceedings, risks relating to the Corporation's dependence on certain key customers and key suppliers, risks resulting from fixed term commitments, human resource risks and environmental risks), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants and market risks, including currency, interest rate and commodity pricing risks). For more details, please see the Risks and uncertainties section in the Management's Discussion and Analysis of the 2006-2007 Annual Report on the Corporation's Web site at www.bombardier.com. Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect the Corporation's expectations as at this date and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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