(Jul. 16) – TramWave is the innovative catenary-free power supply solution designed and patented by Italy’s AnsaldoSTS, aimed at supporting urban transport sustainability and eliminating the visual impact of traditional overhead catenaries. And today the Italian company announced the signing of a strategic agreement with CNR Dalian, a company under Chinese law, and General Resources Company, a company under Taiwanese law, for the licensing of the TramWave technology to a joint venture to be incorporated by CNR Dalian and General Resources Company themselves. Thanks to this deal, Ansaldo STS will have the opportunity to build excellent relationships with the two Asiatic companies, aiming to a profitable cooperation to develop business opportunities in the tramway Chinese market. This agreement, signed in Dalian, reinforces Ansaldo STS position in a high-value and fast-growing market and will also support the future for sustainable, carbon-free urban transportation infrastructure development programs in China. (Red)
