Kratos Enters into Strategic Partnership with Colas Ltd. and Royal Truck & Equipment to Deploy Unmanned Driverless Technology...
July 18 2018 - 03:44AM
SAN DIEGO, July 18, 2018 (GLOBE
NEWSWIRE) -- 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 Solutions
Kratos 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 Statements
Certain 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 White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kratos Defense & Security Solutions, Inc. via
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