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Wabtec Gains Momentum in Marine Industries with Two New Orders

WILMERDING, PA – May 20, 2019 – Wabtec Corporation (NYSE: WAB) announced today engine orders with two leading companies in the marine industry. The deals build upon the company’s position in the maritime market.

“These orders further validate our products ability to provide smart, safe, emission compliant, and reliable performance our customers need to be successful,” said Tammy Gromacki, Wabtec’s general manager of Marine, Stationary, and Drill. “Our industry-leading marine diesel engines reduce key emissions by more than 70 percent without compromising fuel efficiency and maintenance intervals.”

Danish channel partner, VMS Group, signed a contract to supply a shipset comprised of two 8L250MDC and two 12V250MDC marine engines, tools and spare parts for Lindblad Expeditions-National Geographic fleet’s newest ship. The vessel will be built by Ulstein Group at Ulstein Verft AS shipyard in Norway and is scheduled for delivery in 2020.

Reinauer Transportation Companies, LLC, also ordered two mechanical propulsion 6L250MDC marine engines for its newest articulated tug-barge. The vessel will be built by Senesco Marine LLC in North Kingston, Rhode Island is scheduled for delivery in 2020. The vessel will conduct east coast and ocean operations.

The L250 and V250 Series Diesel Engines meet the EPA’s stringent Tier 4 and International Maritime Organization’s Tier III emission standards without the use of urea after-treatment. The diesel engines integrate an upgraded control system, high-pressure common rail fuel injection, two-stage turbocharging, and advanced exhaust gas recirculation. This design saves customers up to 75 percent in space, avoids the hassle and cost associated with handling urea infrastructure, while reducing the time and expense maintaining hardware.

About Wabtec

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly-engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at: www.WabtecCorp.com.

Wabtec Gains Momentum in Marine Industries with Two New Orders