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October 26, 2020

Knorr-Bremse expands its stake in Rail Vision: Capital increase in start-up for obstacle detection and classification

  • Knorr-Bremse acquires an additional 19.8% of Israeli start-up Rail Vision, giving it a 36.8% stake in the company's share capital
  • Strategic follow-on investment forms basis for continued partnership in the development and integration of electro-optic sensor systems including object detection and classification for rail vehicles

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has subscribed a capital increase in the Israeli company Rail Vision. Knorr-Bremse has acquired an additional 19.8% of the shares for USD 10 million.

As a result, Knorr-Bremse now holds a 36.8% stake in the start-up, which specializes in sensor technology and obstacle detection based on artificial intelligence and deep learning.

October 22, 2020

Electric power replaces diesel: Solingen public transport company invests in buses with IMC technology from Kiepe Electric

  • Stadtwerke Solingen (SWS) places first order for 16 emission-free 12-meter trolleybuses with IMC® technology from the Kiepe Electric and Solaris consortium
  • New battery trolleybuses will replace diesel vehicles and also operate on sections without overhead wires
  • Deal sends market signal for the electrification of 12-meter diesel buses serving routes under overhead wires
  • Project to equip 16 new 12-meter trolleybuses has an order value in the high single-digit millions for Kiepe Electric

In the city of Solingen, they are playing a key role in the electrification of the entire bus fleet: battery trolleybuses with In Motion Charging (IMC®) technology from Kiepe Electric, a subsidiary of Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles. A consortium between Kiepe Electric and Solaris, one of Europe's leading manufacturers of buses and trolleybuses, will supply 16 emission-free Solaris Trollino 12-metre trolleybuses with IMC® technology to Solingen's public transport authority from the end of 2021. They will replace diesel-powered buses and use battery power to cover extensive route sections without overhead wires.

September 30, 2020

Greater availability: Knorr-Bremse and Bombardier extend service agreement for several hundred locomotives throughout Europe

  • Knorr-Bremse and Bombardier Transportation extend Europe-wide service contract for the maintenance of braking systems on TRAXX locomotives by a further five years
  • Contract has a potential sales volume in the low tens of millions (EUR)
  • Agreement extension underpins long-standing partnership with the vehicle manufacturer

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has signed an extension of its comprehensive service agreement for TRAXX locomotives with Bombardier Transportation. Up to the end of 2025, Knorr-Bremse RailServices will be responsible for overhauling the braking systems of several hundred TRAXX rail vehicles maintained by Bombardier Transportation Service.

September 23, 2020

Digitalization: Knorr-Bremse and Rail Vision to test obstacle detection systems on Swiss operator SBB Cargo’s locomotives

  • Knorr-Bremse Switzerland is to integrate Israeli startup Rail Vision's electro-optic obstacle detection systems into shunting locomotives of SBB Cargo for extended prototype testing
  • Fitted with sensors, artificial intelligence (A.I.) and deep learning capabilities, the systems can detect and classify obstacles during shunting processes
  • Combined with an add-on remote control from Schweizer Electronic, Rail Vision’s systems are expected to enable single-person control of shunting processes, potentially optimizing operational flow and staffing for operators

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, and Israeli startup Rail Vision will equip multiple SBB Cargo shunting locomotives with Rail Vision’s Assisted Remote Shunting system for obstacle detection.

After prototype testing is successfully completed at the end of the first quarter of 2021, the partners will be looking into addressing additional business activities to adopt obstacle detection systems for cargo vehicles.

September 21, 2020

Knorr-Bremse AG boosts financial flexibility by launching new Debt Issuance Program

  • Volume: 3 billion euros
  • Listed on the Regulated Market of the Luxembourg Stock Exchange

Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, is launching a new EUR 3 billion Debt Issuance Program to boost the company’s financial flexibility. The program is listed on the Regulated Market of the Luxembourg Stock Exchange, with Deutsche Bank running the book.

September 10, 2020

Knorr-Bremse: Strong performance in first half of 2020 underscores Knorr-Bremse’s resilience

  • Full-year guidance for 2020 confirmed: Revenues of EUR 5,900 to EUR 6,200 million, operating EBITDA margin of 16.5% to 17.5%
  • Business performance in the first half of 2020 impacted by the effects of the Covid-19 pandemic
  • Revenues fall 15.2% to EUR 3,055.8 million
  • Strong aftermarket business with stabilizing effect on earnings performance
  • Robust profitability levels: EBITDA margin of 17.5% compared with 18.6% in the prior-year period
  • Gross cash funds of EUR 2.3 billion ensure flexibility for operations

September 09, 2020

"Deutschlandtakt": Knorr-Bremse to equip 30 new high-speed ICE trains

  • Knorr-Bremse and Siemens Mobility conclude contract to equip 30 high-speed ICE trains for Deutsche Bahn, with an option for 60 additional trains
  • From the first quarter of 2021 until the third quarter of 2024, Knorr-Bremse will supply braking systems including eddy current brakes and entrance systems with a total order value in the mid tens of millions (EUR) to the German train manufacturer
  • The trains will strengthen Deutsche Bahn's long-distance services between German conurbations as well as on several international routes, thus contributing to environmentally friendly mobility with high availability

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has concluded a supply contract with Siemens Mobility to equip 30 high-speed trains for Deutsche Bahn.

The contract comprises braking and entrance systems and represents a total order value in the mid tens of millions (EUR). Back in 2015, Knorr-Bremse equipped 17 high-speed trains based on the Velaro platform from Siemens Mobility – operated as Intercity Express (ICE) trains in Germany.

The new ICE trains will serve routes including Cologne-Frankfurt and Munich-Berlin, offering high availability throughout the Deutsche Bahn network, with a total of around 13,000 seats. They will also be approved for use in the Netherlands and Belgium.

September 02, 2020

MERAK: Knorr-Bremse launches unified global brand for heating, ventilation and air conditioning systems for rail vehicles

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has unified its global activities in the area of heating, ventilation and air conditioning systems (HVAC) for rail under the new umbrella brand MERAK. The transition comes at a crucial time, as MERAK is assisting rail operators around the world in providing cleaner and safer in-train air as well as restoring normality in rail travel in times of COVID-19. This makes close cooperation with customers more important than ever – and the unified MERAK now offers half a century of experience, over 1,600 highly skilled professionals and more than 120,000 units in operation worldwide.

August 26, 2020

Longer service lives: Knorr-Bremse and VR FleetCare sign service agreement to maintain braking systems of 46 locomotives

  • Knorr-Bremse and Finland’s state-owned railroad vehicle maintenance company VR FleetCare, a subsidiary of VR Group, have concluded a lifecycle management contract featuring overhaul and repair service for the braking systems of 46 freight and passenger locomotives
  • The contract in the single-digit million-euro range runs until the year 2028
  • By supporting customers with advanced service models and made-to-measure support concepts, Knorr-Bremse contributes to ensuring trains’ operability over their service lives and helps increase availability of rail transport

Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, and Finnish railroad vehicle maintenance company VR FleetCare, a subsidiary of VR Group, have signed a service agreement in the single-digit million-euro range for a fleet of 46 Sr2-type locomotives. Until the year 2028, Knorr-Bremse RailServices will be maintaining the brake control and wheel slide protection units of the vehicles’ braking systems.

August 12, 2020

CEO Bernd Eulitz leaves the company at short notice

Bernd Eulitz, Chairman of the Executive Board of Knorr-Bremse AG, resigns in mutual agreement with effect from August 31, 2020 from the company. This was decided unanimously by the Supervisory Board in its meeting today. The Supervisory Board has initiated the search for a successor. The Supervisory Board asked the remaining members of the Executive Board, Dr. Peter Laier, Frank Markus Weber and Dr. Jürgen Wilder, to take over the responsibilities of Mr. Eulitz for the transitional period.

Eva Doppler

Tel: +49 89 3547 1498
Fax: +49 89 4444 54193
e-Mail: eva.doppler@knorr-bremse.com

Knorr-Bremse AG
Moosacher Straße 80
80809 Munich
Germany

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