New contract with Trafikverket
Railway Metrics and Dynamics AB assigned contract with the Swedish Transport Administration for automated measurement of the railway infrastructure.
PHOTO: KASPER DUDZIK
Railway Metrics and Dynamics’ bid for the Swedish Transport Administration’s tender “COM-4015140, Innovation Procurement – Regarding further development, validation and delivery of new information services for automated measurement of the railway infrastructure”, has today been accepted.
The procurement is carried out in several stages, and today’s assignment means that Railway Metrics and Dynamics AB has been assigned a contract. The company’s total tender price at this stage is SEK 7.326 million.
”This announcement means a lot to the company, as we now get to work with a whole new category of customers, i.e. monitoring of fixed infrastructure. Our current customers are mainly rolling stock”, says Jan Lindqvist, CEO of Railway Metrics and Dynamics AB.
Increased automation and digitalization will enable more condition-based and predictive maintenance of assets. This contributes to better punctuality and increased competitiveness.
”Our goal is that an increasing share of both passenger and freight transport shifts to rail. We look forward to a long and fruitful collaboration with the Swedish Transport Administration and know that our technology is right for this assignment,” says Jan Lindqvist, CEO of Railway Metrics and Dynamics.
With this procurement, the Swedish Transport Administration wants to leave the research phase and in the long term implement new solutions, methods and tools to increase the safety and punctuality of the Swedish railway infrastructure.
”If we quickly want to create an efficient, reliable and climate-smart mode of transport that can meet the needs of the future, we need to think in more innovative ways. RMD’s unique platform uses predictive analytics and machine learning to help secure operations in a railway system that is constantly growing in scale and complexity,” says Jan Lindqvist, CEO of Railway Metrics and Dynamics.
Read more about the tender here. (Swedish)
The contract that Railway Metrics and Dynamics will sign with the Swedish Transport Administration is valid until June 2024. The contract is subject to customary contractual lock-in within the framework of the rules that apply to Swedish public procurement. The appeal period is ten days from today’s date. Railway Metrics and Dynamics AB will notify the market if any material in the contract changes or if the contract is appealed.
This information that RMD is obliged to make public, pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact person indicated, at 17.00 CET on 2022-10-14.
For more information, please contact:
Jan Lindqvist, CEO
Phone: +46 (0)70-587 76 26
This is a translated text from Swedish. The official press release can be found here. (Swedish)
We have the right mix – unique expertise from the railway industry, combined with unique expertise in data analysis and machine learning. We are truly industry pioneers.
Our Initial Public Offering (IPO) was launched 22 August 2022, with a subscription period running until 7 September. The launch was noted by several websites and newspapers.
We need to modernise the maintenance of our railways. The Swedish railway is indispensable for our industry and export needs. Therefore, interruptions and delays in train traffic have major financial implications.