DARTMOUTH, CANADA -- (Marketwire) -- 10/27/10 -- Editors Note: A photo for this release is available via Marketwire's website.
Ultra Electronics (LSE: ULE) announced today that its Maritime Systems division in Nova Scotia, Canada has entered into an Underwater Defence Co-operation Program with the Netherlands' Defence Material Organisation (DMO). The Co-operation Program was signed by Rear Admiral Klaas Visser, Deputy Director and Director of Weapon Systems of the DMO and by Mr. James Hanlon, President of Maritime Systems, at a ceremony held at the Canadian Embassy in The Hague. The Co-operation Program is the culmination of a series of contracts between the Netherlands and Maritime Systems, the most recent of which was a $25 M (CDN) contract awarded to Ultra in July to supply low frequency active-passive sonar subsystems for DMO's Multistatic Active Passive Sonar (MAPS) project. The equipment will be installed on the Royal Netherlands Navy's M-class frigates. The Co-operation Program puts in place a mechanism between DMO and Ultra for support and future development of the equipment to meet the Dutch Navy's needs through the MAPS life cycle and to market variants of the sonar to allied navies worldwide.
"We are extremely pleased to enter into the Co-operation Program with the Netherlands Ministry of Defence. This program pays homage to the long and close association between The Netherlands and Canada." said Jim Hanlon, president of Ultra Electronics Maritime Systems.
About DMO
'The Defence Materiel Organisation (DMO) provides modern, robust, safe and highquality materiel to all operational users throughout the armed forces. It takes care of the materiel throughout its life: from procurement to upkeep and through to disposal. The DMO draws up the materiel logistics policy needed to perform those tasks. The DMO listens to its customers wishes and delivers products and services in a timely fashion, on the basis of binding agreements and reasonable prices.'
About Ultra
Ultra Electronics Maritime Systems (MS) is a world leader in the development and manufacture of advanced electronic and electromechanical systems for critical applications in extreme marine environments. These applications include ASW and next generation acoustic sensors for both military and homeland security use. MS is an experienced supplier to navies, defence research establishments, oceanographic institutions and prime contractors. In particular, Ultra is a globally recognized supplier of high-power underwater sonar transducers and military towed arrays. The company offers design, development, manufacture, integration and through-life support for naval sensors, and towed and moored sensor systems.
To view the photo associated with this release, go to: http://www.marketwire.com/library/20101027-uems_b.jpg
Contacts:
Ultra Electronics Maritime Systems
Ken Walker
VP Marketing
1-902-466-7491
www.ultra-ms.com
