Science & Technology
Science and Technology
Science and Technology
Wed, July 8, 2009
Tue, July 7, 2009
Cantronic Systems Inc.: Cantronic Systems Inc. Receives USD$2.6 Million Order from SELEX Galileo
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) - Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) announced today that it has received a USD$2.6 million purchase order from SELEX Sensors and Airborne Systems Ltd., a division of SELEX Galileo for Cantronic's proprietary QWIP infrared detectors as part of the SWISS (Seawolf in Service Support) contract awarded to the missile systems company MBDA through SELEX's customer BAE Systems in the United Kingdom. The order is a follow up of the previous USD$3.75 million order to QWIPTech for the SWMLU (Seawolf Mid Life Update) program, and is expected to be completed and shipped to SELEX Galileo over a period of approximately eighteen months. Cantronic is to be paid over the eighteen month period based on achieving milestones and deliveries.
Seawolf is a naval guided missiles system designed and built by BAC, later to become British Aerospace (BAe) Dynamics, and subsequently MBDA. It is an automated point-defense weapon system designed as a final line of defense against both sea-skimming and high angle anti-ship missiles and aircraft. It has been installed onboard the Royal Navy's Type 22 and Type 23 Frigates and had been used in combat during the Falklands War.
"We are extremely pleased with this order, which allows us to supply key infrared sensing technology to both the SWMLU and this subsequent SWISS program, a true testament to Cantronic's QWIP technology and production quality," noted James Zahn, President and Chief Executive Officer of Cantronic Systems Inc. "The other operators of the Seawolf systems are the naval forces of countries such as Brazil, Chile and Malaysia. Our experience in providing technology upgrades for the Sea Wolf system update and in service support will allow us to grow this business into these countries in the years to follow."
SELEX Galileo leverages on international strengths to deliver powerful, innovative solutions and by forging and sustaining leading partnerships, provides proven capabilities to its customers. SELEX Galileo is a leader in surveillance, protection, tracking, targeting, navigation and control and imaging systems.
About Cantronic
Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.
Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.
Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at [ www.cantronics.com ] and [ www.qwip.com ].
