RailPower/OTB Supply and Licensing Agreement

RailPower Technologies Corp. and Ocean Tug & Barge Engineering Corp. announced a supply and licensing agreement, in which RailPower will license its technologies to OTB for marine applications and, via OTB, supply hybrid power systems to tug and barge operating companies, tug and towboat builders and shipyards involved in workboat construction.

RailPower Technologies' core business is the design and manufacture of its Green Goat Series hybrid locomotives and its new RP20 road and branchline switchers. Ocean Tug & Barge Engineering has 25 years of experience in the design of ocean and coastal articulated tug and barge units.