EOS announces new $9m contract to develop Space Capabilities
Released
Released
Announcement PDF
31 July 2024
ASX RELEASE
EOS Announces New $9m Contract to Develop Space Capabilities
Electro Optic Systems Holdings Limited (“EOS” or the “Company”) (ASX: EOS) is pleased to
announce that its Space Technologies business has secured a $9m contract with the
Australian Defence Force Joint Capabilities Division to further develop space capabilities.
This project is a significant strategic opportunity for EOS and is consistent with EOS’ stated
strategy of securing third party funding for new capability development work in Space
Technologies. The project is expected to be delivered in 2H 2024 and 2025.
This contract is in addition to a $5m contract that was announced on 15 April 2024, for delivery
in 2024.
This announcement has been authorised for release to the ASX by the Board of Directors of
the Company.
Further information:
Andreas Schwer
Chief Executive Officer
ir@eos-aus.com
ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS)
EOS operates in two divisions: Defence Systems and Space Systems
Defence Systems specialises in technology for weapon systems optimisation and integration,
as well as ISR (Intelligence, Surveillance and Reconnaissance) and C4 systems for land
warfare. Its key products include next-generation remote weapon systems, vehicle turrets,
high-energy laser weapons (directed energy), as well as fully integrated and modular counterUAS and C4 systems.
Space Systems includes all EOS space and communications businesses, and operates as
two entities – Space Technologies and EM Solutions. Space Technologies specialises in
applying EOS-developed optical sensors and effectors to detect, track and characterise
objects in space. It includes capabilities in the domain of space control and space warfare. EM
Solutions delivers world-leading RF and optical space communications technology. Its core
product range centres around the development and production of high-end, broadband radio
transceivers for satellite communications as well as satellite communications-on-the-move
terminals for defence and government customers.
This announcement may contain certain "forward-looking statements" including statements
regarding EOS' intent, belief or current expectations with respect to EOS' business and
operations, market conditions, results of operations, financial condition, and risk management
practices. The words "likely", "expect", "aim", "should", "could", "may", "anticipate", "predict",
"believe", "plan" and other similar expressions are intended to identify forward-looking
statements. Indications of, and guidance on, future earnings, financial position and
performance, establishment costs and capital requirements are also forward-looking
statements. Forward-looking statements including projections, guidance on future earnings
and estimates are provided as a general guide only and should not be relied upon as an
indication or guarantee of future performance. This announcement may contain such
statements that are subject to risk factors associated with an investment in EOS. Forwardlooking statements involve known and unknown risks, uncertainties and assumptions and
other important factors that could cause the actual results, performances or achievements of
EOS to be materially different from future results, performances or achievements expressed
or implied by such statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this announcement.
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