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company guide  It is also IRIS (International Railway Industry Standard) certi-  of both investment in R&D&I and its open innovation model,

                 fied according to ISO 22163, which accredits the maximum
                                                                   which has Spanish and European certifications accrediting its
                                                                   competence and value contribution. In the EU Industrial R&D
                 quality and safety of its railway products based on the most
                                                                   Investment Scoreboard ranking, Indra is one of the Spanish
                 demanding standards in the sector.
                                                                   companies in the software and computer services sector in Eu-
                                                                   rope that invests the most in R&D&I. Also, within the Horizon
                 Star products: INFRASTRUCTURE: 1.  Open Digital Signal-
                 ling. OTHERS: 2.  Smart Ticketing Solutions. 3.  Integrated
                                                                   2020 Innovation Framework Programme (H2020), Indra is the
                 sales platform for operators.
                                                                   Spanish company with the highest economic return obtained
                 Activities throughout the year:
                                                                   The company is a member of the highest governing body of
                 Indra’s activity in the railway sector focuses on four main pil-
                 lars:                                             and the second on a European level.
                                                                   Europe’s Rail Joint Undertaking (EU-Rail), Europe’s largest
                                                                   rail innovation programme, which drives the digitisation and
                 (1)  Optimisation and operational safety, covering all areas   sustainability of the sector. With a budget of €1.2 billion,
                 of operation, from planning to maintenance, complying with   Europe’s Rail is part of the new European Innovation Frame-
                 the highest safety standards, and promoting interoperability   work Programme, Horizon Europe, and continues the work
                 to reduce operating costs, maximise capacities and optimise   carried out in the previous railway innovation programme,
                 processes.                                        Shift2Rail, in which Indra was already part of the highest
                 (2)  Comprehensive passenger management, promoting an   governing body and within which it has played a very im-
                 intermodal public transport with solutions adapted to passen-  portant role, participating in more than 20 projects. With the
                 gers’ needs that accompany them at all stages of the journey,   new programme, the company will participate in the develop-
                 thereby favouring a global user experience.       ment of new large-scale solutions with the participation of a
                 (3)  Interoperability  of goods, through  specific solutions  for   large number of stakeholders to be implemented in different
                 the planning and management of freight transport services,   European countries. CyberRail IoT, satellite ERTMS, big data,
                 allowing full physical and document trackability of cargo and   artificial intelligence, digital twins, smart maintenance and
                 facilitating the service offered by logistics operators.   intelligent platforms are the main technologies and solutions
                 (4) Sustainability and innovation, to generate spaces for co-  that Indra will address in these developments.
                 creation that promote the development of innovation projects
                 and new business models. Indra also offers strategic solutions   Within the framework of the previous initiative, Shift2Rail, In-
                 for the long-term efficiency and sustainability of the railway   dra participated in several of the programmes that are part of
                 business.                                         it. Under the IP4 programme, focused on improving the pas-
                                                                   senger experience, Indra headed the ticketing and interopera-
                 Indra’s technology has already modernised railway infrastruc-  bility areas, and participated in the replication of a Mobility
                 ture in countries such as Spain, United Kingdom, Turkey, Esto-  as a Service (MaaS) ecosystem at a European level in relevant
                 nia, Latvia, Lithuania, Australia, USA, Argentina, Colombia,   projects such as CONNECTIVE, MaaSive and ExtenSive, who-
                 Chile, China, Malaysia, Saudi Arabia, Egypt, Morocco and   se developments have been tested with pilots in real environ-
                 Ireland. On the latter, it will manage one of the most signi-  ments in several European cities. These developments in IP4
                 ficant ticketing projects in the world, which encompasses the   continue to progress within EU-Rail, with the aim of proving
                 country’s entire public transport fare collection system. It is   the viability of a Europe-wide MaaS ecosystem that redefines
                 also worth highlighting Indra’s role as a benchmark techno-  the way in which different modes of transport and mobility
                 logy provider within the Spanish consortium in the Mecca-  services are accessed and managed
                 Medina HSR project in Saudi Arabia.
                                                                   Regarding signalling, communications and automation of rail-
                 More than 100 cities around the world have already chosen   way systems, Indra has worked within the X2RAIL projects
                 Indra’s solutions to improve their urban mobility and trans-  of the IP2 programme, and in the digitisation and optimisa-
                 port, including cities such as London, Amsterdam, Sydney,   tion of freight transport through projects such as FR8RAIL-III
                 Madrid, Lisbon, Dublin, Riyadh and Manila.        within IP5. This work focused on the development of new
                                                                   technologies and solutions that promote the modernisation
                 Innovations:                                      and progress of the railway in order to optimise the capacity
                 Innovation at Indra is the fundamental pillar of its strategy. It   of the lines, their operation and maintenance, applying IoT,
                 is one of the leading innovation companies in Europe in terms   blockchain, AI and 5G technologies. Its developments in the




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