Portendo AB2010-05-19 14:54:15
Portendo and BAE Systems Sign IED Threat Detection Agreement
STOCKHOLM - Portendo AB and BAE Systems have signed an agreement to co-operate on civil and military detection systems for improvised explosive devices.
The agreement means that BAE Systems obtains an exclusive license to market, sell and manufacture Portendo's P.Eye-S in the United States and Canada, for the civil market. The P.Eye-S is Portendo's first product for remote detection of explosives, providing safer working conditions for security personnel at airports, military establishments, government buildings and other potential targets.
The agreement also covers the development of a military detection system for roadside bombs based on this technology. It will, under a separate license agreement, be manufactured and sold exclusively by BAE Systems.
This technology can be adapted to vehicle-mounted weapons and sensor systems, such as BAE Systems' Lemur, helping troops to secure an area and clear concealed explosives from a safe distance.
"We have worked with several different initiatives for countering the improvised explosive device threat and the Portendo equipment is technologically ground breaking. This agreement will ensure that technologies developed in support of the war against terrorism are exploited in the most efficient way," said Ulf Einefors, head of business development for BAE Systems Weapons.
"Our system has a great potential in the homeland security market in the US and Canada and, with further development, for IED clearance on military operations. With its vast experience in the defence market, BAE Systems is an ideal partner for us when it comes to development and marketing of such products," said Portendo CEO Gunilla Savring.
STOCKHOLM - Portendo AB and BAE Systems have signed an agreement to co-operate on civil and military detection systems for improvised explosive devices.
The agreement means that BAE Systems obtains an exclusive license to market, sell and manufacture Portendo's P.Eye-S in the United States and Canada, for the civil market. The P.Eye-S is Portendo's first product for remote detection of explosives, providing safer working conditions for security personnel at airports, military establishments, government buildings and other potential targets.
The agreement also covers the development of a military detection system for roadside bombs based on this technology. It will, under a separate license agreement, be manufactured and sold exclusively by BAE Systems.
This technology can be adapted to vehicle-mounted weapons and sensor systems, such as BAE Systems' Lemur, helping troops to secure an area and clear concealed explosives from a safe distance.
"We have worked with several different initiatives for countering the improvised explosive device threat and the Portendo equipment is technologically ground breaking. This agreement will ensure that technologies developed in support of the war against terrorism are exploited in the most efficient way," said Ulf Einefors, head of business development for BAE Systems Weapons.
"Our system has a great potential in the homeland security market in the US and Canada and, with further development, for IED clearance on military operations. With its vast experience in the defence market, BAE Systems is an ideal partner for us when it comes to development and marketing of such products," said Portendo CEO Gunilla Savring.
For more information contact:
Positionen 123
115 74 STOCKHOLM
Sweden
Tel: +46 8 664 06 72
Fax: +46 8 663 25 15
