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The city's public transit company was founded on 1 September 1897 as Elektrické podniky královského hlavního města Prahy [The Electrical Companies of the Royal Capital City of Prague]. At that time, aside from operating urban mass transit, it was also in the business of generating and distributing electricity. In 1946, after the nationalization of the energy industry and the gradual splitting-off of power stations gas works and waterworks, Prague's City Companies were changed to the Public Transit Companies of the Capital City of Prague. In later years, the company's name, organizational structure and management changed several times. In 1991, the Public Transit Co. was changed to a joint-stock company, whose sole shareholder is the City of Prague.
The AŽD Praha company is a significant and all-Czech producer and supplier of signalling, telecommunication, information and automation technologies. It is mainly focused on the rail and road transport field including telematics and other technologies. The company ensures research, development, design, production, installation, reconstruction and maintenance of devices, systems and pursues capital equipment in these main fields:
- railroad transport
- metro and factory line operations
- telecommunication, information and radio systems
- telematic applications
- road signalization and parking systems
- new telephone and telecommunication systems for controlling railroad transport and for informing passengers
The products that our company produces exploit the best edge cutting technologies and processes. Nearly 700 employees are employed in the AŽD Praha company. Thanks to its longstanding tradition, since 1954, the company has a leading position among other suppliers in its field.