Million-Dollar Contract Signed with the Swedish Transport Administration
Railway Metrics and Dynamics AB has today signed a contract with the Swedish Transport Administration. The innovation procurement will be activated in stages – and if all requirements are met along the way, the order value is approximately SEK 25 million over a three-year period. The order value for the ongoing work in stages 1–3 is SEK 7,326,000.
– We look forward to a long and rewarding collaboration with the Swedish Transport Administration and are confident that our technology is perfectly suited for this procurement, says Jan Lindqvist, CEO of Railway Metrics and Dynamics AB.
Railway Metrics and Dynamics AB has previously announced that the company has been awarded the procurement “KOM-4015140, Innovation Procurement – Regarding further development, validation, and delivery of new information services for automated railway infrastructure measurement.” Railway Metrics and Dynamics AB has today signed the contract with the Swedish Transport Administration, thus activating the agreement.
The contract signed today initially applies to assignments that occur in two stages of 6 and 12 months respectively, with a purchase of the system in a subsequent third stage of 12 months with an option for an additional 12 months.
Stage 1 aims to develop a demonstration-ready system solution. In Stage 2, the goal is an operational system to be field-tested according to the requirements specified in the project. If the system meets these requirements after field testing and is deemed the best or among the best systems to meet the Swedish Transport Administration’s needs after Stage 2, Stage 3 is activated. In Stage 3, if funding permits, the Swedish Transport Administration will purchase the information service for 12 months, with an option for an additional 12 months.
The Swedish Transport Administration’s vision with this procurement is to create an entirely new market for information services in Sweden. We are very proud to be part of this journey.
Jan Lindqvist, CEO
Approximately SEK 25 million over three years if all requirements are met
RMD estimates the ongoing work in stages 1–3 at SEK 7,326,000. This is the so-called bid amount, which has also been announced in the Swedish Transport Administration’s procurement system. In addition to this, RMD has a preliminary indicated fixed price for the “Purchase of the information service” in Stage 3 of SEK 8,600,000. If the Swedish Transport Administration chooses to exercise the option, an additional preliminary SEK 8,600,000 plus ongoing costs during the option period will be added.
The Swedish Transport Administration aims with this procurement to move from research to utility and eventually be able to implement new solutions, methods, and tools to increase the safety and punctuality of its deliveries. This means that the procurement will eventually transition to the purchase of an information service that will display the current status of the track’s infrastructure.
Deal opens up a new business area
– This innovation procurement means a lot for Railway Metrics and Dynamics, as it allows us to work with an entirely new customer category and a business that is scalable worldwide, namely monitoring of fixed infrastructure, explains Jan Lindqvist.
– The procurement enables us to ramp up the business faster than expected within this segment, adds Jan Lindqvist.
Predictive information services for trains and infrastructure
Increased automation and digitization enable a more condition-based and predictive maintenance of the facility’s assets. This contributes to better punctuality and increased competitiveness.
– The Swedish Transport Administration’s vision with this procurement is to create an entirely new market for information services in Sweden. We are very proud to be part of this journey, says Jan Lindqvist
This innovation procurement means a lot for Railway Metrics and Dynamics, as it allows us to work with an entirely new customer category and a business that is scalable worldwide, namely monitoring of fixed infrastructure.
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