Twenty two months after the acquisition of Infotron, ECA Group is seeing orders soar for its airborne drones UAV IT180. Eleven of these drones have been sold since the beginning of the year with contracts totaling over €3 million. All these drones are deliverable during 2016. These orders have solidified the objective of 30 to 40 Unmanned Aerial Vehicles - UAVs for 2016.
In addition, four UAVs have been delivered since the beginning of the year based on 2015 orders.
From a geographic standpoint, these orders originate from Europe and the Near and Middle East.
Eighty percent of these orders represent sales to the defense sector and 20% to the civilian sector. Sales of these systems are growing rapidly in the defense sector. They are already being used by the French army and are a standard component of short-range surveillance and intelligence operations.
The ECA Group aims to progressively increase IT180 sales in the civilian sector, which will represent 50% of sales in the future. Nowadays, the most promising sectors are the surveillance of sensitive facilities, civilian security (surveillance of fires, missing person searches, etc.) and land geophysics. ECA DRONE, a service-sector company created at the beginning of the year (see press release), is signing its first services contracts in France and for exportation. This work, closely matching the client's needs, is key to the IT180's growth in the civilian sector.
These successes confirm the demand in the civilian and defense markets for airborne drones whose performance bears no relation to the limited performance of the dozens of models that can be had for a few thousand euros as developed by a large number of companies worldwide. Their current proliferation, coupled with the media's occasionally excessive fascination with these drones used in leisure activities or freelance work, is starting to work in favor of the market for industrial and reliable unmanned aerial vehicles - UAVs providing a high level of security, performance and autonomy, thus ensuring a guaranteed return on investment for customers. Just like all technological solutions developed by the Group over the past decades, the ECA Group is adopting exclusive positioning in this sector.
This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.
Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties possibly mentioned in this press release; the strength of competition; the growth of the market; currency fluctuations; interest rate fluctuations; raw materials and freight price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules, regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key-men; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).
Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.
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About Groupe Gorgé
Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise:
Smart Safety Systems – Using technology to work in risk environments;
Protection in Nuclear Environments – Protecting people and securing buildings operating with radioactive materials;
Industrial Projects & Services Conducting Robotics and Fire protection systems projects for industry and service-sector player;
3D Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.
In 2014, the Group reported revenue of €223.3 million. It is backed by 1,475 employees and operations in over ten countries.
More information available on www.groupe-gorge.com
Groupe Gorgé is listed on Euronext Paris and on the US OTC market in the form of ADR.
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