Rail supplier news from Bombardier, Alstom, I.D. Systems, Kelso and AXION (Nov. 19)

Bombardier Transportation obtained a contract to deliver 27 new four-car trains for Govia Thameslink Railway (GTR) for operation on the Gatwick Express. The contract for 108 cars has a total value of $227 million. Under the contract, Bombardier will supply GTR with the latest version of the Bombardier Electrostar family of electrical multiple units, with additional features for the rail-air route.

An Alstom-led consortium will supply the Romania national railway company with Atlas 200, its ERTMS Level 2 solution for the Sighisoara-Coslariu-Simeria high-speed rail segment. Alstom's share of the contract is worth about $125.6 million. The contract represents the start of an extensive modernization and signaling project on the rail segment to be finalized in 40 months. Alstom also announced yesterday that it delivered its first Regiolis next-generation regional train to the Pays de la Loire region in France. The region has ordered 20 Regiolis trains, 10 with dual-mode motors (diesel and electric) and 10 diesels. The train is scheduled to enter commercial service in January.

I.D. Systems Inc. has executed a three-year extension of its contract with Walmart Stores Inc. to provide VeriWise^™ trailer tracking and management services for Walmart's fleet of cargo trailers. The contract extension, which runs through October 2017, has a maximum aggregate value of $14 million.

Kelso Technologies Inc. has appointed Kathy Love corporate secretary. She has more than 20 years of experience in the corporate industry as a paralegal specialist at securities firms and as corporate secretary of publicly traded companies managed by the Lundin Group of Cos. in Vancouver, British Columbia.

AXION International Holdings Inc. reported third-quarter revenue rose 145 percent to $3.1 million compared with the same period a year ago. Revenue from the sale of its engineered products was $1.7 million and $1.3 million for the third quarter of 2014 and 2013, respectively. As the company transitions its Zanesville, Ohio, facility to provide increased production capacity, revenue from the sale of reprocessed plastics is expected to decrease. Primarily as a result of a gain recognized from the change in fair value of derivative liabilities, the company generated third-quarter net income of $2.7 million versus a net loss of $951,297 in third-quarter 2013.