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9/11/2020
The U.S. Department of Transportation (USDOT) awarded VisioStack Inc. two contracts for Small Business Innovation Research (SBIR) projects to improve safety at grade crossings, VisioStack officials said in a press release. The USDOT awarded a Phase II SBIR for the company’s Aerial Crossing Inspection System (AXIS), and a Phase I SBIR to create an autonomous system to assess inventory at crossings using forward-facing video. AXIS is a grade crossing inspection system that uses unmanned aerial vehicles and machine learning.
Duos Technologies Inc. has been awarded a $1.3 million initial contract by an existing Class I railroad to upgrade its scope of work at an existing Railcar Inspection Portal (rip®) for the purpose of instituting increased automated mechanical inspections. The contract will be executed over the next few months with completion expected before year's end. The contract includes future payments through 2022 for recurring service, maintenance and spare parts components in addition to the base contract value, Duos Technologies officials said in a press release.
Alstom has delivered the first two Citadis X05 light-rail vehicles (LRVs) to Attiko Metro in Athens, Greece. The LRVs — part of a 25-LRV order in 2018 — will begin dynamic tests by Sept. 30 before entering passenger service in February 2021. The final LRV's delivery is expected by May 31, 2021, Alstom officials said in a press release. Meanwhile, the Steering Committee of the Euronext Indices on Sept. 21 will begin including Alstom among the 40 stocks making up the French CAC40 index.
NARSTCO has completed 1 million man-hours without an Occupational Safety and Health Administration (OSHA) recordable injury at its steel tie and turnout set manufacturing facilities in Texas. It took NARSTCO about three years to reach the milestone, and in that time, the company has produced millions of steel ties and thousands of turnout sets, company officials said in a press release.
NJBIZ, a business publication in New Jersey, ranked Strato Inc. 71th on its Top 250 Privately Held Companies list. New Jersey-based companies are selected for the list based on annual revenue for the last two years.