Press Releases

Wabtec and Keolis Group Sign a Global Cooperation Agreement

PITTSBURGH, DEC 18, 2020: Wabtec Corporation (NYSE: WAB) and Keolis Group announced today the signing of an international business development agreement to partner on commercial activities and the development of innovative products for the transit and freight industries.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-keolis-group-sign-a-global-cooperation-agreement
Wabtec Appoints Lee Banks to Board of Directors

PITTSBURGH--Wabtec Corporation (NYSE: WAB) announced today the appointment of Lee Banks to its Board of Directors.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-lee-banks-to-board-of-directors
Wabtec Receives TUV SUD Certification for the New Metroflexx Brake System

PITTSBURGH, Dec. 10, 2020 – Wabtec Corporation (NYSE: WAB) announced today its new Metroflexx brake system was certified by TÜV SÜD, an independent, testing and certification authority. Metroflexx is Wabtec’s next-generation braking systems for the mass transit rail industry. The TUV certification validates the system meets the safety, quality and performance standards set at an organizational, local or international level.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-receives-tuv-sud-certification-for-the-new-metroflexx-brake-system
Wabtec and Port of Gothenburg Partner to Increase Throughput and Improve Efficiency

PITTSBURGH and GOTHENBURG, Sweden, November 17, 2020 – Wabtec (NYSE: WAB) has signed an agreement with the Port of Gothenburg to implement Port Optimizer™, a first-of-its-kind information portal designed to digitize maritime shipping data for cargo owners and supply chain stakeholders through secure, channeled access. The agreement marks the first use of Port Optimizer by a European port.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-port-of-gothenburg-partner-to-increase-throughput-and-improve-efficiency
Wabtec to Pilot Smart Windows on Shenzhen Metro Line

SHENZHEN, China Nov. 9, 2020 — Wabtec (NYSE: WAB) is partnering with Shenzhen Metro Company and CRRC Nanjing Puzhen Co., Ltd. on a pilot to test Smart Windows on transit rail cars. Featuring multi-touch technology, the highly Transparent Organic LED Smart Window will provide a view outside, while serving as an interactive information source for passengers. This pilot project supports Shenzhen’s “smart city smart transport” initiative

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-pilot-smart-windows-on-shenzhen-metro-line
Wabtec Releases 2020 Sustainability Report

Wabtec Corporation (NYSE: WAB) released today its 2020 Sustainability Report, which highlights the company’s accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-releases-2020-sustainability-report
Wabtec Begins Trial of Transit Rail Industry’s First Environmentally Friendly Air Conditioning System

GENNEVILLIERS, France Oct. 1, 2020 — Wabtec (NYSE: WAB) begins trial of the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. This Wabtec Green Air technology is part of the company’s initiative to bring clean, sustainable solutions to the transit market.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-begins-trial-of-transit-rail-industry-s-first-environmentally-friendly-air-conditioning
Wabtec and Rajant Receive First Mobile Network Order from New Mexico Rail Runner Express

Wabtec (NYSE: WAB) has signed an agreement with the New Mexico Rail Runner Express (NMRX) to upgrade the wireless network of NMRX’s commuter fleet, in cooperation with Wabtec’s strategic networking technology partner, Rajant Corporation. This order is the first for Wabtec and Rajant since forming their strategic partnership to accelerate wireless technology for the global rail industry.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-rajant-receive-first-mobile-network-order-from-new-mexico-rail-runner-express
Wabtec Appoints Eric Gebhardt as Executive Vice President and Chief Technology Officer

Wabtec Corporation (NYSE: WAB) today announced the appointment of Eric Gebhardt to Executive Vice President and Chief Technology Officer, effective September 14. In this role, Gebhardt will lead Wabtec’s global technology and investment strategy, new product development, and global engineering organization.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-eric-gebhardt-as-executive-vice-president-and-chief-technology-officer
Wabtec Reports Second Quarter 2020 Results; Provides Guidance for 2020

Wabtec Corporation (NYSE: WAB) today reported second quarter 2020 earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87, versus earnings per diluted share of $0.54 and adjusted earnings per diluted share of $1.33 a year ago. Wabtec also provided full-year guidance for sales in a range of $7.3 billion to $7.6 billion, adjusted earnings per diluted share to between $3.50 and $3.80 and strong cash conversion of greater than 90 percent.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-second-quarter-2020-results-provides-guidance-for-2020
Wabtec’s Trip Optimizer System Surpasses 500 Million Miles of operation

Wabtec Corporation’s (NYSE: WAB) Trip Optimizer system surpassed a milestone as railroads utilized the energy management system to operate their trains for more than 500 million auto miles. The system greatly reduces emissions and fuel costs for railroads worldwide.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-s-trip-optimizer-system-surpasses-500-million-miles-of-operation
Wabtec to Move to Virtual-Only Format for 2020 Annual Meeting

Wabtec Corporation (NYSE: WAB) announced today that due to continued public health precautions, including current restrictions on in-person gatherings as a result of the coronavirus (COVID-19) outbreak and to support the health and well-being of Wabtec shareholders, employees and the community, the Company's 2020 Annual Meeting of Shareholders (Annual Meeting) has been changed to a virtual-only format via a live audio webcast. There will be no physical location for the Annual Meeting and shareholders will not be able to attend in person. The Annual Meeting will continue be held on May 15, 2020 at 11:30 am Eastern Time.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-move-to-virtual-only-format-for-2020-annual-meeting
Wabtec and Tronix3D Partner to Provide PPE for Local Health System

Wabtec Corporation (NYSE: WAB) and Tronix3D are partnering to provide much needed personal protective equipment (PPE) for Excela Health, a leading health system provider of advanced medical care in Pennsylvania. The partnership is leveraging additive technology to produce 1,000 face shields for the hospital this week, which are critical for frontline healthcare workers responding to the COVID-19 pandemic.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-tronix3d-partner-to-provide-ppe-for-local-health-system