ECA Group, subsidiary of Groupe Gorgé, announces the creation of ECA DRONE. This structure is intended to supply all services to customers in the civilian sector related to the UAV - Unmanned Aerial Vehicle, IT180 drone range, in addition to maintaining IT180 drones.
For the record, the IT180 airborne drone range comprises vertical takeoff drones available in electric (IT180-30 and IT180-60) and thermal (IT180-120) versions, along with a captive version named IT180-999.
There is strong demand for these IT180 drones (see press release of December 7, 2015). Many customers require a tailored service and long-term support aimed at ensuring the drone is suited to their needs and to help them develop the appropriate processes and procedures. ECA DRONE will show great responsiveness and flexibility in its services to ensure customers maximize the benefits of their drones and service operations.
In addition, ECA DRONE is responsible for identifying new needs in the civilian sector, for developing the right transponders and ensuring effective data processing, thereby opening up new markets for the UAV IT180.
ECA DRONE offers a variety of services:
- Training geared towards drone use and maintenance,
- Drone maintenance,
- Drone rental,
- Drone operation,
- The development - for customers or newly identified needs - of the necessary tools, transponders and operating procedures.
In 2015, these activities generated revenue of some hundreds of thousands of euros. The Group is responding to strong growth in demand through this service-dedicated structure.
ECA DRONE will be equipped with IT180 products and a pool of engineers, technicians and pilots. It will have sufficient capacity to support customers worldwide by relying on local correspondents.
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 Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.
In 2014, the Group reported revenue of €223.3 million. It is backed by 1,475 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.
ISIN code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
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