Harmon Industries, Inc. NASDAQ: HRMN For Immediate Release |
Charles M. Foudree (816) 229-3345 |
BLUE SPRINGS, Mo. (Monday, March 18, 1996) -- Harmon Industries Inc., a leading supplier of signal and control equipment for railroad and mass transit systems throughout North America and the world, announced today it was awarded a contract in excess of $1 million with a new customer in the People's Republic of China.The contract is to supply the railway with train inspection equipment that identifies overheating journal bearings prior to failure. Overheated bearings are the leading cause of derailments and other service interruptions. Harmon will deliver the equipment to its customer in the People's Republic of China by the end of the first quarter of 1996.
This new contract is in addition to a similar order from the People's Republic of China awarded last October for nearly $800,000.
"These contracts demonstrate Harmon's successful efforts to increase our presence in the international market," said Björn Olsson, president and chief executive officer of Harmon Industries. "The rapid fulfillment of this order showcases Harmon's commitment to serve our customers in a timely fashion."
Harmon Industries, Inc. is a leading supplier of signal and train control products to freight and transit systems throughout North America and the world. The company is traded in the over-the-counter market and is quoted on the NASDAQ National Market System under the symbol HRMN. For further information, please contact Charles M. Foudree, Executive Vice President-Finance, Harmon Industries Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.