ECA Group 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.
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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.).
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 2017, the Group reported revenue of €112.0 million across its three divisions: Robotics, Aerospace and Simulation.
The ECA Group is a Groupe Gorgé company.
The ECA Group is listed on Euronext Paris Compartment B.
ISIN Code: FR0010099515
Ticker Code: ECASA - Bloomberg Code: ECASA:FP
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Chief Executive Officer
T : +33 (0)4 94 08 90 00
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.