Victoria, BC – February 10, 2016 Quester Tangent, the premier designer, manufacturer and integrator of train electronics and software solutions for the North American passenger rail car and locomotive market, announced today that 2015 was a record year for new business.
“Over the past 12 months, our Vancouver Island-based sales team has secured $20 million in contracts thanks to the industry’s most innovative and reliable products,” said William Collins, Vice-President and Chief Operating Officer at Quester Tangent. “This year, sales have been accelerating due to our strong reputation in the passenger rail industry.” The new contracts will result in the delivery of rail vehicle components to four major North American transit authorities.
As part of an ongoing commitment to deliver leading edge rail technology, Quester Tangent has aggressively ramped up development of second-generation Passenger Information System (PIS) products. Including a contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP), Quester Tangent has invested more than $750,000 in research and development. The company plans to launch the new products later this year during one of the globe’s largest rail conferences in Berlin, Germany.
In the past five years, Quester Tangent has brought over $40 million in export revenues to Vancouver Island and contributed over 350 years of high quality full time employment to the local economy. With the launch and sale of its new Passenger Information System products, Quester Tangent has the potential to more than double its existing revenue. This success translates into a growth of Canadian-made exports, additional local hiring for engineering and manufacturing positions, and the development of international partnerships to deliver rail electronics worldwide.