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MarketScreener Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Elbit Systems Ltd.    ESLT   IL0010811243

ELBIT SYSTEMS LTD.

(ESLT)
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Elbit : GeoSpectrum Technologies Launches Game Changing LF Active VDS Deployable by USVs

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04/01/2020 | 10:16am EDT

Nova Scotia, Canada, April 1, 2020 - GeoSpectrum Technologies ('GeoSpectrum') announces the debut of a new and compact version of its Towed Reelable Active Passive Sonar (TRAPS) suitable for Unmanned Surface Vessels (USVs). Named TRAPS-USV, this lighter-weight variant is designed to fit on almost any size vessel, including patrol boats and USVs, while retaining full active sonar acoustic capabilities and providing ground breaking low frequency active submarine detection off smaller platforms.

With overall system weight reduced to approx. 40% of the already compact TRAPS, TRAPS-USV allows surface vessels and USVs as small as 12 meters long, to be equipped with powerful, long-range active sonar ASW capability. This enables the USVs to perform ASW operations on the move while conducting independent missions or augmenting manned ASW assets including opportunities for advanced techniques such as bi-static and multi-static operation.

Similar to its 'larger brother' TRAPS (with installed or containerized configurations), TRAPS-USV is a Low Frequency (LF) variable-depth-sonar intended for detection, classification, localization, and tracking of submarines in ASW operations. TRAPS' unique advantage is that its' projector array is reelable and stows on the winch drum with the receive array and tow cable. This unique feature eliminates the need for a dedicated active over-boarding system saving, weight, space, complexity and cost. Both TRAPS and TRAPS-USV also have the unique capability to swap out and exchange active sonar projectors allowing O-level adaptation of the system to different active sonar frequencies in the 2 to 10 kHz range. The containerized version of TRAPS first went to sea onboard Royal Canadian Navy ships in 2019.

In commonality with TRAPS, sonar processing for TRAPS-USV is performed by GeoSpectrum's sensor-agnostic RecView sonar processing capability which was designed for remote / distributed operation.

Paul Yeatman, President of GeoSpectrum, commented: 'We are proud and excited to offer the world's most compact LF active variable depth sonar, suitable for even small class USVs. We understand that unmanned systems can and will play a significant role in modern ASW operations and are confident that TRAPS-USV is significant game changer in this respect. TRAPS-USV is yet another step in the TRAPS innovation to provide high performance ASW capabilities in compact form and affordable costs. We are proud to work with Curtiss-Wright/Indal our partners for the reduced weight winch and handling system'.

Geospectrus new and compact version of the Towed Reelable Active Passive Sonar (TRAPS) suitable for Unmanned Surface Vessels (USVs)

About GeoSpectrum Technologies Inc.

GeoSpectrum Technologies is a Dartmouth, Nova Scotia, Canada based supplier of marine acoustic hardware and systems. Its' range of offerings include sonars and sonar upgrades (towed and hull mounted), acoustic communication, submarine targets, diver deterrent systems, moored surveillance solutions, Very Low Frequency (VLF) systems and more. The company supplies its products to the defence, oil and gas, surveillance, and environmental sectors.

GeoSpectrum is a wholly owned subsidiary of Elbit Systems Ltd.

For more information, please contact Sean Kelly: Sean.Kelly@geospectrum.ca

www.geospectrum.ca

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ('C4ISR'), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

This press release may contain forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward‑looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward‑looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward‑looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Visit our Press Relations website for background materials and information regarding Elbit Systems fields of activity.

David Vaaknin

Vice President, Head of Corporate Communications

Tel: 972-77-2946691

Cell: 972-52-8000403

E-Mail: david.vaaknin@elbitsystems.com

Dana Tal-Noyman

Manager International Corporate Communications

Tel: 972-77-294-8809

Cell: 972-54-9998809

E-Mail: dana.tal@elbitsystems.com

Disclaimer

Elbit Systems Ltd. published this content on 01 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2020 14:15:02 UTC

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Sales 2020 4 905 M
EBIT 2020 432 M
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