Ansaldo STS (STS.MI), a Finmeccanica Group company, signed a strategic agreement with CNR Dalian, a company under Chinese law, and General Resources Company, a company under Taiwanese law, for the licensing of the TramWave® Technology to a joint venture to be incorporated by CNR Dalian and General Resources Company.
TramWave® is the innovative catenary-free power supply solution designed and patented by AnsaldoSTS, aimed at supporting urban transport sustainability and eliminating the visual impact of traditional overhead catenaries.
Ansaldo STS is proud to have had the opportunity to build excellent relationships with CNR Dalian and General Resources Company and is interested in a long-term and profitable cooperation to develop business opportunities in the tramway Chinese market.
Ansaldo STS wishes to tap a market that is rich in opportunities and embark on successful projects in cooperation with its Chinese and Taiwanese partners.
By entering into this agreement, Ansaldo STS is reinforcing its presence in a high-value and fast-growing market. This cooperation will also support the future for sustainable, carbon-free urban transportation infrastructure development programmes in China.
This agreement, signed in Dalian, is highly significant, given that the Chinese tramway market is expected to grow strongly on the back of increasing demand for transport and the considerable investments planned by the Chinese government.
This agreement also establishes an ideal basis for more extensive cooperation between the signatory companies in the mass transit segment.
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