GROUPE GORGE : ECA Group announces three simulator contracts in Asia for more than EUR 6M

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ECA Group, subsidiary of Groupe Gorgé, 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 (Full Mission 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 of January 16, 2014). This simulator will be presented on our Group's stand at the Eurosatory exhibition, in Paris, France from June 13 to 16, 2016: Hall 5 / booth K760.
 

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 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 2015, the Group reported revenue of €264.8 million. It is backed by 1,536 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.

Euronext Paris:
Compartment B.
ISIN code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF



Contacts

Groupe Gorgé - Raphaël GORGÉ – CEO & Chairman - Tél. : +33 1 44 77 94 77 - E-mail : contact@groupe-gorge.com

Actus Finance – Natacha MORANDI – Analysts/Investors Relations - Tél. : +33 1 53 67 36 72 - E-mail : nmorandi@actus.fr

Actus Finance – Jean-Michel MARMILLON – Press Relations - Tél. : +33 1 53 67 36 73 - E-mail : jmmarmillon@actus.fr

Image 7 – Lauranne Guirlinger – Press relations – Tél. : +33 1 53 70 74 18 – E-mail : lguirlinger@image7.fr


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