SHANGHAI :
Chinese Train Equipment Firm Aims to Boost Safety With US Acquisition
Liao Shumin
DATE:  May 25 2018
/ SOURCE:  Yicai
Chinese Train Equipment Firm Aims to Boost Safety With US Acquisition Chinese Train Equipment Firm Aims to Boost Safety With US Acquisition

(Yicai Global) May 25 -- A US unit of China High-Speed Railway Technology Co. will buy the intellectual property rights for a US railway axle system, boosting its safety operations.

Colorado-based Transportation Technology Center Inc. will sell the technology and IP rights to its trackside acoustic bearing system for USD4 million, the Beijing-based firm said in a statement.

The TADS technology monitors defects in vehicles' axles and it has been used to test bearings for railways in North America and Europe, and for high-speed vehicles and trucks in China.

China High-Speed Railway Technology Co. is a state-owned firm which provides core equipment, system solutions and intelligent services for rail transit.

Editors: Emmi Laine, William Clegg

 

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Keywords:   China High-Speed Railway Technology Co.,US,Transportation Technology Center Inc.,Trackside Acoustic Bearing System,IP