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Cattron Introduces L-Stop, The Most Advanced Locomotive Stop System, Offering Unrivaled Safety and Integration Features

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Cattron’s L-Stop Offers Dual Interface Connectivity, Extended Range, Quick Installation, Enhanced Control and Robust Fail-Safe Mechanisms.

WARREN, Ohio, June 25, 2024 /PRNewswire-PRWeb/ — Cattron, a global leader in radio remote control, engine and generator control panels, cloud-based monitoring and control solutions, formally announced the introduction of its new L-Stop locomotive stop system today.

“This is a top-notch wireless control solution that enhances safety in the railyard, putting safety and control in the worker’s hand.” – Brian Fette.

The system is designed for rapid installation—achievable in less than two hours—and requires minimal maintenance, emphasizing user-friendliness and cost-efficiency. Additionally, L-Stop enhances operational control by allowing up to three operators to remotely activate a single locomotive’s horn and bell, increasing the safety for everyone in the vicinity. Its robust fail-safe design also guarantee a safe stop of the locomotive if communication is ever compromised, providing an extra layer of security that sets it apart from competitors.

Cattron’s L-Stop system sets a new standard in locomotive safety technology, distinguishing itself with dual interface connectivity that seamlessly integrates both pneumatically and electronically with any locomotive and works with legacy remote-control systems. It boasts an extended operational range of up to five miles, supported by repeaters, to ensure comprehensive coverage across even the most expansive rail yards. The system’s direct-to-locomotive interface also takes failure-prone, third-party programmable logic controllers (PLCs), out of the equation.

Key Features and Advantages:

Rapid Installation and Low Maintenance: The system can be installed in less than two hours and features minimal maintenance requirements due to its simple design, which includes only one moving part. The system’s efficiency reduces downtime and operational costs, making L-Stop both a practical and economical safety solution.

Dual Interface Technology: Uniquely interfacing both pneumatically and electronically with locomotives, L-Stop integrates seamlessly regardless of existing control systems, including those from competitors. This dual connectivity ensures robust and reliable performance even under severe operational conditions.

Extended Operational Range: Offering an impressive standard operating range of one mile line-of-sight, L-Stop’s capabilities can be further extended with the use of repeaters, potentially covering up to and beyond five miles of track if needed. This extensive range ensures that the system can accommodate larger rail yards and complex track layouts.

Locomotive Sounding Option: As an additional safety feature, systems that include horn and bell functions will automatically sound upon the receiver braking to notify yard personnel that the L-Stop has been activated.

Enhanced System Security: Incorporating lockout/tagout capabilities, L-Stop ensures that its safety features remain engaged unless deliberately overridden using a customer’s own secure procedures. This prevents unauthorized manipulation and maintains strict security protocols within the railyard.

Multiple User Connectivity: Up to three workers can be connected to a single L-Stop system on a locomotive, enhancing teamwork, safety and redundant oversight. The system’s infrastructure supports multiple units within a facility, ensuring comprehensive coverage and response capabilities across the entire railyard.

Fail-Safe Operation: Designed with safety as a paramount concern, L-Stop requires continuous communication between the handheld transmitter and the locomotive. If communication is ever lost, perhaps due to a transmitter fault or damage, the system is engineered to safely stop the locomotive automatically.

Immediate Control and Enhanced Safety: The L-Stop places control directly in the hands of the workers, providing them with a personal safety device that can safely stop a locomotive when a dangerous situation is detected. This capability is crucial in preventing accidents, such as collisions with obstructing vehicles or near switches, where visibility is limited for locomotive engineers.

“This is a top-notch wireless control solution that enhances safety in the railyard, putting safety and control in the worker’s hand,” emphasized Brian Fette, vice president of product management for Cattron. “L-Stop builds on Cattron’s 45-year legacy in the rail industry, offering a failsafe safety device that drastically reduces the risk of accidents.”

The innovative locomotive stop system is designed to bolster safety across rail yards. Its cutting-edge technology empowers engineers, conductors and other rail professionals in the yard with the ability to halt a locomotive immediately by pressing a single button, thereby substantially mitigating accident risks. L-Stop is tailored for seamless integration with any locomotive, requiring no additional hardware or subsystems.

The L-Stop is a groundbreaking addition to Cattron’s safety systems portfolio, reflecting the company’s ongoing commitment to developing technology that protects and empowers rail yard personnel dating back to 1977. Rail operators seeking to enhance safety and operational efficiency are encouraged to contact a Cattron representative for more information.

Contact a Cattron representative to learn more here: https://www.cattron.com/contact/.

To access high-resolution images of the new L-Stop locomotive stop system, please click here.

To access a video about new L-Stop locomotive stop system, please click here.

About Cattron
Cattron is a leading manufacturer of wireless control solutions for safety and mission-critical applications. Since 1946, Cattron has designed, manufactured, and supplied controls that are well-recognized and respected in both the rail and industrial markets. Cattron’s product portfolio includes complementary machine and operator controls. The company is based in Warren, Ohio. To learn more, visit https://www.cattron.com/.

L-Stop is a trademark of Cattron North America, Inc.

Others named in this press release may be trademarks of their respective organizations. References to makes, models and product designations are for reference purposes only. Neither Cattron North America, Inc., nor its products are sponsored or endorsed by the reference herein, and there is nothing else in the use of these designations that should lead a reader to believe that there is an association between Cattron North America, Inc. and these organizations.

Media Contact

Rick Ashley, OctaneVTM, 317-920-6105, rashley@octanevtm.com

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SOURCE OctaneVTM

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DXC Technology Names Brad Novak as Chief Information Officer

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Veteran Technology Executive Joins DXC’s Leadership Team

ASHBURN, Va., Jan. 2, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Brad Novak as Chief Information Officer. Novak joins DXC’s leadership team, with a strong focus on leveraging AI throughout DXC operations. He will report to DXC’s Chief Administrative Officer, James Walker.

In this role, Novak will strategically embed AI across the infrastructure. He will also lead the team to integrate, standardize and consolidate various platforms, tools, and processes to enhance workforce productivity and operational efficiency. 

Novak is a senior technologist and brings over 30 years of experience in financial services, spanning application development, infrastructure and service management. He has worked at several global financial services firms, most recently Barclays, where he was the CTO for the Corporate and Investment Bank, leading technology architecture and strategy. Novak has also worked in Private Equity and Venture Capital, assessing investment opportunities and advising portfolio companies on their technology strategies.   

For more information DXC’s leadership team, visit here.

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

CONTACT: Mihir Bellamkonda, Media Relations, mihir.bellamkonda@dxc.com; Roger Sachs, Investor Relations, roger.sachs@dxc.com

Photo – https://mma.prnewswire.com/media/2589628/DXC_Technology_Company_DXC_Technology_Names_Brad_Novak_as_Chief.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dxc-technology-names-brad-novak-as-chief-information-officer-302341382.html

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Class Action Filed Against Joint Stock Company Kaspi.kz (KSPI) – February 18, 2025 Deadline to Join – Contact The Gross Law Firm

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NEW YORK, Jan. 2, 2025 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).

Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=119693&from=4 

CLASS PERIOD: January 19, 2024 to September 19, 2024

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Joint Stock Company Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia’s 2022 invasion of Ukraine, thereby exposing the Company to the undisclosed risk of sanctions; (2) the Company engaged in undisclosed related party transactions; (3) certain of the Company’s executives have links to reputed criminals; and (4) as a result, defendants’ statements about Joint Stock Company Kaspi.kz’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

DEADLINE: February 18, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=119693&from=4 

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of KSPI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 18, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com 
Phone: (646) 453-8903

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SOURCE Gross Law Firm

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Canadian defined benefit pension plans show slightly decreased funded levels in Q4: Aon

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TORONTO, Jan. 2, 2025 /CNW/ — Aon plc (NYSE: AON), a leading global professional services firm, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index decreased to 105.5 percent compared to 105.8 percent at the end of the third quarter, according to the Aon Pension Risk Tracker. A year ago, it was at 100.7 percent.

The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit plans. To access Aon’s interactive tracker, which dates to 2013, click here.

Key findings for the quarter ending December 31, 2024 include:

Pension assets gained 2.3 percent over the fourth quarter of 2024.The long-term Government of Canada bond yield increased 20 basis points (bps) relative to the previous quarter rate, and credit spreads narrowed by 29 bps. This combination resulted a decrease in the discount rate, from 4.42 percent to 4.33 percent.

“Most pension plans performed well in 2024, with a meaningful uptick in funded ratios,” said Nathan LaPierre, partner, Wealth Solutions, Aon. “Uncertainty is the name of the game for 2025. Many plan sponsors likely still have room to derisk and should consider doing so in light of healthy funded positions and that uncertainty.”

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedInXFacebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media Contact
Alexandre Daudelin
+1 514 967-9330

 

SOURCE Aon plc

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