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    INTRK   GRS087003000

INTRACOM HOLDINGS S.A.

(INTRK)
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Intracom S A : IDE signs Cooperation Agreement with Krauss Maffei Wegmann

02/12/2020 | 12:19pm EDT

PRESS RELEASE

IDE signs Cooperation Agreement with Krauss Maffei

Wegmann

Koropi-Greece,February 12th 2020: INTRACOM DEFENSE (IDE) signed a Memorandum of Understanding (MOU) with Krauss Maffei Wegmann (KMW) to cooperate on the deployment of a hybrid auxiliary power solution for LEOPARD 2 MBT variants, based on IDE's Hybrid GENAIRCON system and KMW's OEM platform integration expertise.

GENAIRCON is an integrated Hybrid Power Supply and Management vehicle system, part of IDE's advanced Hybrid Electric Power Systems (HEPS®) product portfolio.

This cooperation focuses initially on the needs of a significant number of fielded LEOPARD 2 MBT variants, which could take advantage of this operational capability upgrade.

The agreement between the two companies coincides with the on-going activities of IDE in cooperation with the Hellenic Ministry of Defence for the deployment of GENAIRCON onto the LEOPARD 2A4 MBT. The integration of the system onto the platform will enhance the MBT's auxiliary power resilience, mission sustainment, survivability through True Silent Watch capability and the lifecycle cost savings. These integration activities are expected to be completed within the first half of 2020.

# # #

About IDE

IDE is a subsidiary of Intracom Holdings, one of the largest technology groups of Greece with significant international activity. IDE designs, develops and manufactures products and systems that incorporate advanced in-house developed technologies in the areas of Missile Electronics, Tactical Communication and Information Systems, Border and Area Security solutions, Hybrid Electric Power Systems and Unmanned Surface and Air platforms.

IDE is a registered NATO supplier and participates in international development and production programs, as well as in international collaborations for the production and export of defense equipment. For more information please visit: www.intracomdefense.com

Disclaimer

Intracom Holdings SA published this content on 12 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2020 17:18:07 UTC


Publicnow 2020
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Financials
Sales 2019 523 M 626 M 626 M
Net income 2019 0,64 M 0,77 M 0,77 M
Net Debt 2019 168 M 202 M 202 M
P/E ratio 2019 97,0x
Yield 2019 -
Capitalization 100 M 120 M 120 M
EV / Sales 2018 0,38x
EV / Sales 2019 0,44x
Nbr of Employees 2 969
Free-Float 66,3%
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Managers and Directors
NameTitle
Dimitrios Christos Klonis Vice Chairman, CEO & Chief Financial Officer
J. K. Tsoumas Finance Director
Sokratis Peter Kokkalis Chairman
Sotirios N. Filos Independent Non-Executive Director
Ioannis E. Kallergis Independent Non-Executive Director
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