IEDs are responsible for approximately 50% of total military deaths and continue to be a major cause of civilian deaths in conflict zones. In
Hyperion is already pursuing significant contracts in two nations for the Superbroom and will continue to market the suite of devices around the world, for deployment in both military and civilian Explosive Ordnance Disposal (EOD) teams as well as for surveillance purposes.
The Superbroom range of products combines Non-Linear Junction Detectors (NLJD) and Metal Detectors (MD) operating at power levels contingent with the task being performed. Originally conceived in the 1940’s by
Fellow Hyperion Director,
“This is an important first agreement signed by our Defence subsidiary as this most effective C-IED technology directly serves the growing demand from military and international organizations. From an ILUS point of view, we are most excited to be delivering our vision which began with the protection of communities and front-line personnel and has expanded to include the protection of countries and military operators. Although this represents only the first of many deals in 2023 for Hyperion, we are incredibly proud of the work they are doing and the positive impact which ILUS and its Shareholders can be involved in as a result,” concluded ILUS Managing Director,
About Hyperion Defence Solutions:
Hyperion Defence Solutions was incorporated in the
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Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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