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Elbit Systems — Capital/Financing Update 2004
May 12, 2004
6762_rns_2004-05-12_d341f098-6036-45dc-b55a-8f9e7c12a39d.pdf
Capital/Financing Update
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אפיפ
12.5.2004
לכבוד הבורסה לניירות ערך www.tase.co.il
לכבוד רשות ניירות ערך www.isa.gov.il
א.ג.נ.,
הנדון: אלביט מערכות בע"מ ("החברה") – הודעה לעתונות
מצ"ב הודעה לעתונות (Press Release) שבכוונתנו לפרסם היום בארה"ב ולהגישה כדו"ח 6K לרשות ניירות ערך האמריקאית.
בכבוד רב,
אילן פכולדר מזכיר החברה
ELBI SYSTEMS LTD
OHB SYSTEM An OHB Technology AG Company
OHB-System AND ELBIT SYSTEMS SUBSIDIARY ELOP ESTABLISH JOINT VENTURE
Bremen and Haifa, May 12, 2004 - The Bremen-based space technology company OHB-System AG, and Elbit Systems Ltd. (Nasdaq: ESLT) Haifa, Israel, an international defense company, through its subsidiary Elop Electro-Optics Industries Ltd., announced plans to set up a joint venture for common development and marketing of electro-optical systems and infrared payloads, suitable for deployment in space and for UAVs (Unmanned Airborne Vehicles). In the new venture, OHB ElectroOptics, the system and mission experience of OHB is ideally combined with the competence acquired by ELOP in such fields as electro-optics and infrared technology. Marketing is set to focus in the European region.
The new venture OHB ElectroOptics will be headquartered in Bremen.
Marco Fuchs, CEO of OHB Technology AG said: "The new enterprise will increase OHB's array of services to the European space technology industry. We are excited about this joint venture with ELOP because the company is one of the world's leading providers with an in-depth knowledge of the fields of electro-optics and infrared technology."
Haim Rousso, Corporate VP Elbit Systems and General Manager of ELOP said: "The new Venture of ELOP with the leading Space System Company in Europe – OHB, will open new markets for ELOP's Technologies and Products and enables ELOP to expand its space activities to new areas and customers with an excellent partner."
Electro-optical sensors make use of the visible and of the infrared area of the electromagnetic spectrum and can generate images with resolutions of less than one meter to several kilometers.
Electro-optical systems are currently in use both on civilian satellites such as BIRD, EROS, ENVISAT and IKONOS as well as on meteorological satellites such as the European METEOSAT and on military reconnaissance platforms.
About OHB-System AG:
OHB-System AG is a medium-sized systems provider belonging to the European OHB Technology AG group, which employs roughly 300 people in the areas of space technology + security, telematics and satellite services. OHB-System AG specializes in space + security applications. OHB-System's headquarters at the Bremen Technology Park are home to highly qualified scientists and engineers working on numerous prestigious national and international projects related to small satellites, manned space flight, orbital & transport systems as well as security and reconnaissance technologies.
Elbit Systems Ltd.
OHB SYSTEM
An OHB Technology AG Company
About Elbit Systems:
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world, in the areas of aerospace, ground and naval systems, command, control, communications, computers and information (C4I) Intelligence, Surveillance and Reconnaissance (ISR), Unmanned Airborne Vehicles, Security Systems and advanced electro-optic technologies for space, airborne, ground and naval applications. The company focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications.
For more about Elbit Systems please visit our website at: www.elbitsystems.com
About El-Op
El-Op Electro Optics Industries Ltd., a subsidiary of Elbit Systems, specializes in the R&D, manufacture, assembly, and testing of electro-optic systems and products for military and commercial applications. Established in 1937, the company is an industry leader, with reputation for systems offering precision, performance, quality and reliability.
Supported by vertically integrated facilities, El-Op's main areas of activity include Thermal Imaging, Lasers Rangefinders & Designators, Displays, Ground Integrated Sights, ISR Space, Airborne & Observation & Surveillance IMINT and E.O. Counter Measures.
Contacts
For further information, about OHB Systems please contact:
OHB-System AG | Communication & Public Relations | Danela Sell | Phone: +49 421 - 2020-620 | Fax: +49 421- 2020-700 | E-mail: [email protected]
Elbit Systems Ltd.
Ilan Pacholder, VP finance Tel: 972 4 8316632 Fax: 972 4 8316659 [email protected]
IR Contacts
Ehud Helft/Kenny Green Gelbart Kahana Tel: 1-866-704-6710 Fax: 972-3-607-4711 [email protected] [email protected]
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.