Kratos Enters into Strategic Partnership with Colas Ltd. and Royal Truck & Equipment to Deploy Unmanned Driverless Technology...
July 18 2018 - 3:40AM
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a
leading National Security Solutions provider, announced today that
its Unmanned Systems Division (USD) has entered into a strategic
teaming agreement with Colas Ltd., a leading international
contractor specializing in the design, construction, and
maintenance of roadways, tunnels, and bridges, and Royal Truck
& Equipment, a leading truck equipment up-fitter to support
nationwide deployment of the Autonomous Impact Protection Vehicle
(AIPV) in the United Kingdom, an unmanned vehicle system.
The World’s first AIPV was deployed by the
Kratos/Colas/Royal team in the United Kingdom in August 2017 and
was immediately recognized as a game-changing innovation to
increase safety for workers on roadway operations. The
AIPV uses driverless technology, developed by Kratos for national
security related applications, to increase safety in the roadside
construction operations by eliminating the need for a human to
drive a required safety vehicle, called an Impact Protection
Vehicle (IPV). A conventional IPV is designed as a mobile
crash barrier to protect workers and equipment in the work
zone. The Kratos system converts the IPV into a driverless
AIPV, removing the driver from the dangerous task of driving a
vehicle designed to be crashed into by vehicles as large as cargo
transport trucks or lorries.
This formal alliance is an important step in
facilitating efforts to move toward nationwide UK deployment of the
AIPV as standard equipment to support road construction
operations. The team will ensure that the AIPV aligns with
in-country regulations and will contribute to the promotion of the
system to ensure that stakeholders are aware of the critical
importance of this innovative safety system.
Steve Fendley, President of Kratos USD, said,
“Colas and Royal are both leaders in their industries with Colas
being a world leader in Road Construction/Maintenance and Royal
Trucking a leading provider of IPVs. Kratos USD is a world
leader in unmanned control systems. We are collectively committed
to making the roadway work zone a safer environment for workers. By
utilizing our unmanned systems technology integrated with Royal’s
IPVs, and leveraging Colas’ experience in roadway operations,
greatly improved safety can be achieved through this strategic
partnership and the systems we will provide. We are extremely proud
that the AIPV is being used for highway safety in the UK. We fully
expect that this unmanned technology we have developed and deployed
will be able to save lives in the UK, the USA, and in many
locations as we expand throughout the world.”
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions,
Inc. (NASDAQ:KTOS) develops and fields transformative,
affordable technology, platforms and systems for United States
National Security related customers, allies and commercial
enterprises. Kratos is changing the way breakthrough
technology for these industries are rapidly brought to market
through proven commercial and venture capital backed approaches,
including proactive research and streamlined development
processes. Kratos specializes in unmanned systems,
satellite communications, cyber security/warfare, microwave
electronics, missile defense, hypersonic systems, training and
combat systems. For more information go to
www.kratosdefense.com.
Notice Regarding Forward-Looking
StatementsCertain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of Kratos
and are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Kratos undertakes no obligation to
update or revise these statements, whether as a result of new
information, future events or otherwise. Although Kratos believes
that the expectations reflected in these forward-looking statements
are reasonable, these statements involve many risks and
uncertainties that may cause actual results to differ materially
from what may be expressed or implied in these forward-looking
statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the
business of Kratos in general, see the risk disclosures in the
Annual Report on Form 10-K of Kratos for the year ended December
31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other
filings made with the SEC by Kratos.
Press Contact:Yolanda
White858-812-7302 Direct Investor
Information:877-934-4687investor@kratosdefense.com
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