ECA Group announces 2nd contract for Military Vehicle Training Simulators | Bourse Reflex
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ECA Group announces 2nd contract for Military Vehicle Training Simulators

Mardi 21 Fév 2017 à 18:00

ECA Group, subsidiary of Groupe Gorgé, was awarded new contract by same customer in Middle East (See press release January 16th 2014) for the supply of Military Vehicle Simulator (MVS) driving simulators for 3 additional schools. The amount of the contract is significant for the group.

The customer is very satisfied with the quality and efficiency of training carried out on the first three schools delivered by ECA Group. As a consequence, this customer decided to award ECA Group with this new contract.

Each of them is equipped with 5 MVS simulators and one instructor station. All of them are connected on the same simulation training system to ensure the training of the military vehicle crews for individual as well as collective driving.

On MVS simulators, instructors and trainees can run training cursus adapted for each of the following levels: Initial driving, advanced driving and collective driving, Thanks to these very performant and wide cursus, the crews trained with MVS can carry out their operational mission with better confidence, safety and efficiency.

ECA Group has been for long a major actor on driving simulators for commercial markets having thus a long experience in implementing the adapted training program for having trainees progressively integrating the different skills required for driving. Combining this experience and its long experience in technical solutions for Defence, ECA Group developed this new family of simulators for Defence combining advanced educational methods with realistic military interface and environment.

This new contract confirms that ECA Group is now an actor bringing smart and efficient solutions on the Defence Training Simulation market estimated over 50 million euros per year.



Watch the ECA Group Military Vehicle Simulator video:

https://youtu.be/vwNLe0T99MY



Disclaimer

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 PrintingEnabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.

In 2015, the Group reported revenue of €264.5 million. It is backed by 1,536 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.

Euronext Paris:
Compartment B.
isin code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF



Contacts

Groupe Gorgé - Raphaël GORGÉ – ceo & Chairman - Tél. : +33 1 44 77 94 77 - E-mail : contact@groupe-gorge.com

Actus Finance – Natacha MORANDI – Analysts/Investors Relations - Tél. : +33 1 53 67 36 72 - E-mail : nmorandi@actus.fr

Actus Finance – Jean-Michel MARMILLON – Press Relations - Tél. : +33 1 53 67 36 73 - E-mail : jmmarmillon@actus.fr

Image 7 – Lauranne Guirlinger – Press relations – Tél. : +33 1 53 70 74 18 – E-mail : lguirlinger@image7.fr



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Mots-clés : Euros   Smart   Training   Simulators   Gorge   Simulator   Driving   Schools   Each   Them   Simulation   Crews   Cursus   Adapted   Safety   Major   Defence   Looking   Including   Targets   Unknown   Fluctuations   Technology   Systems   Industry   Euronext  
Sociétés citées dans cette news : ECA   FINANCIAL   Euronext  

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