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Toshiba Receives Order from Taiwan High Speed Rail Corporation for E&M Systems for New Stations

Toshiba Corporation (TOKYO:6502) today announced that it has received a turnkey order for electrical and mechanical systems (E&M) for three new stations from Taiwan High Speed Rail Corporation (THSRC). The stations will be constructed at Miaoli, Changhua and Yunlin on the Taiwan High Speed Rail line (THSR) and open by the end of 2015. The E&M systems cover passenger announcement systems, passenger information systems, signaling systems, electrification and power systems, and the maintenance management information system. Total order has a value of approximately 2.8 billion yen.

THSRC placed the original order for the THSR project in 2000 with a consortium of seven Japanese companies, including Mitsubishi Heavy Industries, Ltd. (MHI), Toshiba and Mitsui & Co., Ltd. At that time, Toshiba received orders for train electrical equipment, the electrification and power supply system, train traffic control system, communications system and maintenance management information system. In May 2012, Toshiba and Kawasaki Heavy Industries, Ltd. together received a further order for four 12-car train sets, and in July 2013, Toshiba and MHI received an order for E&M systems, including the railway power supply system, for the Nangang extension project that will take the high speed line from Taipei to Nangang.

Commenting on the award of the contract, Mr. Toshio Masaki, President and CEO of Toshiba’s Social Infrastructure Systems Company, said: “We believe the company’s record in the THSR system contributed to the award of the contract for the new stations. Toshiba is committed to fully supporting the project and bringing it in on schedule. We strongly hope that THSRC will continue to advance its system, and that we can introduce THSR as a successful example of the Shinkansen system to other countries planning to build high speed rail lines.”

THSR services started in January 2007. Regularly scheduled trains currently travel the 345km between Taiwan’s two major cities, Taipei and Kaohsiung, with a travel time of approximately 90 minutes. By 2016, construction of the three new stations and the Nangang extension project will be completed. With these new stations, the THSR is expected to play an even more central role in vitalizing Taiwan’s economy.

Going forward, Toshiba will bring its cumulative advanced technologies, know-how, sophisticated system integration capabilities, and proactive marketing activities that demonstrate how Toshiba can contribute to high-speed rail projects, especially in developing economies.

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About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm

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