ECA Group has won three orders for naval simulators in Asia over the last weeks for a cumulated amount of over €6M.
The first order is for a sonar simulator that enables ships' crews to be trained in the operation of the different types of sonars present on board and, in obtaining the best possible knowledge of the underwater situation around the ship by using the best combination of sonar images.
The second sale is of a Submarine Damage Control Simulator. In 2014, the ECA Group had recorded a first success for this new range of Damage Control Simulators, for training in Damage Control Simulation for surface vessels. This time, the ECA Group has recorded a first order for this type of simulator for submarines. Thus, the group now has a complete offer of Damage Control Simulators, for both underwater and surface vessels.
The third order is for the upgrading of a driver training simulator (Surface Ship Simulator) for a customer who has already been equipped with our simulator for several years.
These three orders confirm ECA Group's capability to innovate and adapt to its navy customers' requirements by offering technically advanced and competitive solutions. Our Group offers a complete range of naval simulators including operator training simulators (sonar, radar, etc.), tactical training simulators for a force comprising several vessels and aircraft, and crew training simulators for submarines or surface vessels.
In the defense sector, ECA Group also offers armored vehicle driving simulators (see press release 16th January 2014). This simulator will be presented on our Group's stand at the Eurosatory exhibition, in Paris, France from June 13-16 2016: Booth Hall 5 / K760
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; obtaining the export authorizations that may be required for certain activities; 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.
The ECA Group is renowned for its expertise in robotics, automated systems, simulation and industrial processes. Ever since 1936 it has been developing complete innovative technological solutions to perform complex missions in hostile or restrictive environments.
Its products are used by a demanding international clientèle requiring the highest levels of safety and efficiency, mainly in the sectors of defence, maritime, aerospace, simulation, energy and industrial equipment.
In 2015, the Group reported revenue of 105.2 M€ for its three Departments: Robotics, Aerospace and Simulation.
ECA Group is a Groupe Gorgé company.
ECA Group is listed on Euronext Paris Compartiment C.
Indices : SBF 250, CAC SMALL 90 et CAC IT- ISIN code : FR0010099515
Mnémo : ECASA - Code Bloomberg : ECASA:FP
Raphaël GORGE - President - T : +33 (0)1 44 77 94 00
Guenaël GUILLERME - Managing Director - T : +33 (0)4 94 08 90 00
Natacha MORANDI - Analysts/Investors Relations - T : +33 (0)1 53 67 36 94 - firstname.lastname@example.org
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