ECA Group awarded a significant contract for French Navy's PAP subsea demining robots | Bourse Reflex
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ECA Group awarded a significant contract for French Navy's PAP subsea demining robots

Mercredi 12 Jul 2017 à 18:00

ECA Group announces today that a new 5 years contract was awarded by French Ministry of Armed Forces for supplying consumables for French navy PAP demining ROVs (Remotely Operated Vehicles). The amount of this contract will be over 4M€ up to a maximum of 8 M€ depending on utilization frequency. In 1977, ECA Group delivered the very first mine disposal vehicles PAP to the French Navy. In 2017, forty years later, they are still in service with support from ECA Group.

The logistic support and supplying of spares and consumables is an important part of the activity in naval robotics. Sea environment is extremely demanding for equipment and systems and the level of maintenance is very important all along their life especially for subsea drones. Beyond the French Navy, ECA Group proposes a day to day support of its various equipment and systems which are deployed in more than fifteen navies around the world. As an average, logistic support represents 25 to 30 % of naval robotics activity.

The French demining PAPs will remain in activity till the mid 2020's.They will be progressively replaced with the delivery of the future demining systems that the French Navy will order in the coming years after the results of MMCM FR/UK evaluation program.

ECA Group, which is one of the major players within MMCM FR/UK program, is highly involved in R&D for the future maritime systems of drones (see press release). In June 2017, ECA Group had a very successful demonstration of its Unmanned Mine Counter Measure Integrated System (UMIS) to the Belgium and Netherland Navies which plan to replace their conventional minehunters with systems of drones a few years before French Navy (read news).

Involving simultaneously AUVs (Autonomous Underwater Vehicles, such as A9-M and A18-M), USVs (Unmanned Surface Vehicle, such as INSPECTOR Mk2) and demining ROVs (such as SEASCAN and K-STER C), ECA Group demonstrated its advanced capabilities for Unmanned Maritime Vehicles (UMV) real time cooperation and proved that, thanks to advanced processing embarked in the vehicles, its drones system is the most integrated and advanced on the market.

The UMIS is a very flexible system ECA Group proposes in various configurations. It can be deployed on dedicated Mine Counter Measure Vessels (MCMV), as well as containerized to be embarked on ship of opportunity or directly from the shore in its road transportable configuration for harbor and coastal protection.

PAP MK6 is a self-propelled ROV dedicated to mine warfare with a high carrying capacity (NATO Mine Disposal Charge, Cutter). A robust and reliable design with high powered propulsion enables to manoeuver in strong current and to withstand harsh environmental conditions. User friendly command and control software offers auto piloting functions.



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The ECA Group

Recognized for its expertise in robotics, automation systems, simulation and industrial processes, the ECA Group has been developing complete, innovative technological solutions for complex missions in hostile and confined environments since 1936. Its product offering is designed for an international client base that is demanding, both in terms of safety and effectiveness. The Group's main markets are in the defense, maritime, aeronautics, simulation, industrial and energy sectors.

In 2016, the Group reported revenue of €112.5 million across its three divisions: Robotics & Integrated Systems, Aeronautics and Simulation.

The ECA Group is a Groupe Gorgé company.

The ECA Group is listed on Euronext Paris Compartment C.

Indexes: SBF 250, CAC SMALL 90 and CAC IT- isin Code: FR0010099515

Ticker Code: ECASA - Bloomberg Code: ECASA:FP


 

Contact

Actus Finance

 
Natacha MORANDI
Analysts/Investors Relations
T : +33 (0)1 53 67 36 94
nmorandi@actus.fr
 
Jean-Michel MARMILLON
Press Relations
T : +33(0)1 53 67 36 73
jmmarmillon@actus.fr
Groupe ECA
 
Raphaël GORGE
Chairman
T : +33 (0)1 44 77 94 80
 
Guenaël GUILLERME
Chief Executive Officer
T : +33 (0)4 94 08 90 00



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 mentioned in the press release; the strength of competition; the continuing growth of the market; currency fluctuations; interest rate fluctuations; raw material 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 personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain and manufacturing 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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