INVISIO receives a second order under the British hearing protection program – worth SEK 22 million
Stockholm, September 23, 2016
INVISIO (IVSO) has received a new order from the UK Ministry of Defence regarding hearing protection and communication systems. The order value amounts to approximately SEK 22 million and deliveries will take place in 2017. The INVISIO systems will support the Royal Navy, the Royal Air Force and the Army Reserve.
The order was placed by INVISIO’s partner Marlborough Communications Ltd and is the second one under the so-called THPS agreement that was signed about a year ago. The agreement is for four years, with an option to extend it for a further three years, and includes possible orders from the Department's various divisions.
”We are pleased that more divisions of the British MOD now is ordering our advanced communication systems with hearing protection. This order is completely in line with the customer's ambition to gradually replace their units' existing equipment with our modern solution. We look forward to a long and successful cooperation", says Lars Højgård Hansen, CEO of INVISIO.
The order comprises INVISIO’S hearing protection and communications system INVISIO S10.
“The INVISIO S10 hearing protection system will deliver a key capability for the Armed Forces, providing first rate situational awareness and better prevents hearing damage to personnel on operations whilst offering more comfort”, Major General Richard Talbot Rice, Director Land Equipment, said.
THPS, Tactical Hearing Protection Systems, is the modernization program for hearing protection and communications systems of the UK Ministry of Defence. Along with Marlborough Communications Limited (MCL) INVISIO won the contract for the program in August 2015 and received an initial order of SEK 130 million to the British Army.
For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO Communications
Mobile: + 45 53 72 7722 | E-mail: lhh@invisio.com
Tina Dackemark Lawesson, Director Investor Relations & Corporate Communications
Mobile: + 45 53 72 7733 | E-mail: tdl@invisio.com
This information is information that INVISIO Communications AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the CEO, at 8.30 CET on September 23, 2016.
About INVISIO Communications AB (publ)
INVISIO offers cutting-edge personal communication and hearing protection systems. The systems enable users to operate and communicate safely and clearly in all environments, even under extreme conditions, such as loud noise, heat, and underwater. INVISIO systems consist of headsets and advanced control units that interface to a wide range of communication devices. The systems provide hearing protection while maintaining the natural level of situational awareness. Customers are mainly from the public sector. Sales are made via a global network of partners and to some extent directly to end customers. INVISIO is listed on Nasdaq Stockholm (IVSO). Additional information is available on the company's website, www.invisio.com.