FORT WORTH, Texas, Aug. 20, 2020 /PRNewswire/ -- KMC Systems, Inc.
(KMC), a New Hampshire-based
subsidiary of Elbit Systems of America (NASDAQ: ESLT) (TASE:
ESLT),, has been selected by members of the Department of Defense –
Defense Health Agency, United States Air Force Rapid Capabilities
Office, and the Wright Brothers Institute to support the
development and industrialization of ventilator designs to help
combat COVID-19. Five matured ventilator designs were selected
under the Vulcan-5 Ventilator Project, and KMC is currently
assessing those designs for manufacturability, while confirming the
availability of components. KMC was selected for this role due to
its experience designing and manufacturing in a U.S. Food and Drug
Administration-regulated environment. KMC has recently finished the
assessment of an emergency ventilator prototype developed by a team
from the U.S. Navy at Naval Surface Warfare Center Panama City
Division.
Under the Vulcan-5 Ventilator Project, affordable designs for
ventilators were sought that could resuscitate the damaged lung of
a patient battling COVID-19. The Project's goal is to
ensure ventilators are available during spikes of COVID-19
cases, where patients' lungs need assistance breathing and
ventilators may be in short supply.
The Vulcan-5 Ventilator Project is sponsored by the U.S. Special
Operations Command through the use of the Vulcan Innovation
platform to accelerate the delivery of innovative solutions in the
national security enterprise.
The Wright Brothers Institute is managing the funding provided
by the U.S. government and coordinating with those participants
that submitted the five selected ventilator designs.
"Our experience and expertise will help shape which designs are
feasible for rapid delivery and, ultimately, help the country's
response to the COVID-19 pandemic," said Derek Kane, Vice President & General Manager
of KMC. "We're eager to support this effort to bring needed
technology to medical facilities and patients at an unprecedented
speed."
"KMC has specialized in design and manufacturing for some of the
leading medical devices and life sciences companies for the last
four decades. It's an honor that this Elbit Systems of America
subsidiary can now apply its expertise to assist our country's need
for ventilators during the COVID-19 pandemic," said Raanan Horowitz, President and CEO of Elbit
Systems of America. "Our company mission is to provide innovative
solutions that protect and save lives, and the Vulcan-5 Ventilator
Project demonstrates our workforce's commitment to fulfil our
mission using unique methods and non-traditional partnerships."
Learn more about Elbit Systems of America's medical device and
life sciences diagnostics subsidiary, KMC Systems, Inc. at
http://www.kmcsystems.com/.
More on the Vulcan-5 Ventilator Project at
https://www.vulcan-v.com.
About KMC Systems
KMC Systems, Inc. is a medical
device and life sciences diagnostic company that specializes in
contract design and manufacturing services for some of the leading
medical devices and life sciences companies around the world. KMC
was founded in 1980 and has served the medical device and life
sciences industry for 40 years. The company is based out of
Merrimack, New Hampshire and is
the medical subsidiary of Elbit Systems of America. For additional
information, visit http://www.kmcsystems.com/ or follow them on
Twitter, and LinkedIn.
About Elbit Systems of America, LLC
Elbit Systems of
America, headquartered in Fort Worth,
Texas, is a leading provider of high-performance products,
system solutions, and support services focusing on the defense,
homeland security, law enforcement, commercial aviation, and
medical instrumentation markets. With facilities throughout
the U.S., Elbit Systems of America is dedicated to supporting
those who contribute daily to the safety and security of the United
States. Elbit Systems of America, LLC is wholly owned by Elbit
Systems Ltd. (NASDAQ: ESLT and TASE: ESLT), a global high
technology company engaged in a wide range of programs for
innovative defense and commercial applications. For
additional information, visit: www.elbitsystems-us.com or follow us
on Twitter, LinkedIn and Instagram.
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, 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.
Trademarks
Elbit Systems of America and other
trademarks, service marks and logos are registered or unregistered
marks of Elbit Systems of America companies in the United States and in foreign countries.
Copyright ©2020 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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.
Media Contacts:
Greg
Caires | 682-286-2299 | greg.caires@elbitsystems-us.com
Amy Hartley I 682-286-2411 I
amy.hartley@elbitsystems-us.com
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SOURCE Elbit Systems of America, LLC