ECA Group, a Groupe Gorgé company, has been awarded three export orders in its Robotics division, all of them concern naval domain.
Two of these orders cover the supply of mine counter underwater robots and systems for robotization of ships enabling their transformation into surface drones (USV – Unmanned Surface Vehicles).
The third order involves the supply of power conversion systems to be replaced on existing sub-marine equipment.
These orders represent a cumulative amount of over €12 million. Deliveries will be spread over the next 24 months.
In the field of naval robotics, the sale of submarine mine counter robots is a recurring and historic activity for the group. This new order illustrates the strength of ECA Group's positioning in this export market.
The sale of ship dronization systems is a growing activity for the group which has developed in recent years a range of surface drones (USV) INSPECTOR. These surface drones are used for various missions related for example to maritime surveillance, hydrography or mine counter measures. The market of ship dronization giving the ability to navigate remotely, or even autonomously, is also an important market. ECA Group has developed dronization kits for ships including teleoperation, mission management and communications. The minesweepers of the Australian Navy were equipped in 2015-2016 with such systems directly derived from the system fitted to ECA Group surface drones INSPECTOR (see press release from February 5th 2014).
This new order for drone kits confirms ECA Group's position on dronization market for existing ships, both civilian and military.
These dronization kits are also a fundamental part of ECA Group's strategy to provide its customers a complete range of autonomous vessels (USV): these latest developments in naval robotics, combined with the naval architecture skills of its subsidiary BE Mauric, allow ECA Group to offer a wide range of USVs, adapted to the particular needs of its customers and this in a short time frame.
Next financial release:
Publication of first quarter 2018 revenue on 27 April 2018.
GROUPE GORGE press releases may contain forward-looking statements regarding GROUPE GORGE's targets. These forward-looking statements reflect GROUPE GORGE's current expectations. Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those anticipated herein. The risks and uncertainties that could affect the Group's future ability to achieve its targets include, in addition to those indicated in the press release: the strength of competition; the development of markets in which the Group operates and notably the 3D printing division; currency fluctuations; obtaining the export authorizations that may be required for certain activities; control of costs and expenses; changes in tax legislation, laws, regulations or their enforcement; our ability to successfully keep pace with technological advances; our ability to attract and retain qualified personnel and key staff; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; manufacturing and 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), available on our website www.groupe-gorge.com. This list of risks, uncertainties and other factors is not limitative. Other unanticipated, unknown or unforeseeable factors, such as changes in the economic situation or financial markets, could also have a material adverse effect on our targets.
This press release and the information it contains do not constitute an offer to sell or to subscribe, or a solicitation to purchase or subscribe shares or securities in GROUPE GORGE or in its listed subsidiaries in any country whatsoever.
Follow us on Twitter for live updates
from Groupe Gorgé!
About Groupe Gorgé
Founded in 1990, Groupe Gorgé is an independent group that specializes in high-tech industries. Today, the Group is active in the fields of security and protection in extreme environments, as well as in the 3D printing sector. In its more than twenty-five year history, Groupe Gorgé has always developed and driven the latest technological and industrial innovations.
Smart Safety Systems:
Developing complete, innovative technological solutions for complex missions in hostile and confined environments.
Protection of High-Risk Installations:
Protecting people and ensuring the active and passive protection of installations for energy markets and industrial and tertiary sectors in France. Ensuring the maintenance of these protection systems.
Enabling major industry players to find new routes to successful innovation and production processes by providing 3D printers, premium material, software and 3D printed parts.
In 2017, the Group reported revenue of €276.7 million. It is backed by 2,000 employees and operations in over ten countries.
More information available on www.groupe-gorge.com
Groupe Gorgé is listed on Euronext Paris Compartment B.
isin code: FR0000062671
Ticker code: GOE
Finance News – Anne-Pauline PETUREAUX – Analysts/Investors Relations - Tel.: +33 1 53 67 36 72 - E-mail: email@example.com
Finance News – Jean-Michel MARMILLON – Press Relations - Tel.: +33 1 53 67 36 73 - E-mail: firstname.lastname@example.org