page 58 Bombardier Inc. Annual Report 2003-04 Product development In fiscal year 2004, Bombardier Transportation continued to concentrate its product develop- ment efforts on improving its products and developing technologies expected to meet future customer requirements for lower oper- ating costs and improved asset utilization.  Product families with inherent benefits  such as commonality, modularization and  high reliability are becoming increasingly  attractive to operators worldwide. Bombardier Transportation has successfully developed  a number of large series product families, including its Bombardier$^{*}$TRAXX$^{*}$locomotives, Bombardier * FLEXITY * light rail vehicles, Bombardier * MOVIA * metro vehicles, double- deck passenger coaches and electrical and diesel multiple units (EMU/DMU) used in trains, such as the AGC high-capacity train, Bombardier$^{*}$Talent$^{*}$, Bombardier * Electrostar * and Bombardier * Turbostar * trains. In May 2003, at the International Association of  Public Transport World Congress, Bombardier  presented its innovative Bombardier * FICAS * car-body technology, which provides train  operators with more revenue-generating  interior space within the constraints set by  the infrastructure.  Bombardier Transportation has implemented the first commercial application of Level 2 European Rail Traffic Management System (ERTMS) in operation, in Switzerland. The Bombardier * JetTrain * locomotive was presented across many North American cities and attracted attention from operators and governmental agencies. In addition, field trials of an energy-saving rolling stock prototype have begun. This newly- developed equipment allows for the storage of energy recaptured in braking mode, as well  as operation on power-free sections of the  network. These features, which reduce oper- ating and infrastructure costs, have already attracted the attention of several operators.