Anyone is a Technical Analyst? My guess is that Midas would be looking exciting on the charts now. It seems to have bottomed and have started to make a climb up. On a FA basis, it does look like that. I am expecting 40 cents as the next target
Rail technology leader Bombardier Transportation announced today that it has signed a Technology Licence Agreement with CSR Puzhen, a subsidiary of the largest player in the railway manufacturing sector in China – China South Locomotive & Rolling Stock Corporation Ltd (CSR). Under the agreement, Bombardier provides CSR Puzhen with a 10-year licence to manufacture and sell 100 per cent low-floor trams with Bombardier technology in China (including Hong Kong and Macao).
The agreement covers the preparation and delivery of documentation of the licensed product as well as training and assistance for CSR Puzhen’s employees to understand the documentation and enable them to successfully manufacture and sell the licensed product. Bombardier will not actively build vehicles in China, but comprehensively support its new Chinese partner. The vehicles will be equipped with the innovative BOMBARDIER FLEXX Urban 3000 bogies and the BOMBARDIER MITRAC 500 propulsion and control system.
“After many years of intense development of metros, Chinese cities are embracing low-floor trams to complement their urban transit systems. Bombardier is now bringing its state-of-the-art technology to this new and growing market,” said Jianwei Zhang, President of Bombardier China.
More than 1,700 FLEXITY trams are already in successful revenue service, and Bombardier has sold more than 1,000 FLEXITY 100 per cent low-floor trams to date. A total of 3,500 trams and light rail vehicles from Bombardier are on order or operating in nearly 100 cities in more than 20 countries around the globe.
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