Another Prestigious Prize for Elbit Systems: Elbit Systems Skylark(R)-II UAV Wins Frost & Sullivan 'Best Innovative Product Awar
June 17 2007 - 7:38AM
PR Newswire (US)
HAIFA, Israel, June 17 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that the prestigious business research and
consulting firm Frost & Sullivan has presented its "Best
Innovative Product Award for 2007 in the Aviation & Defense
Category" to Skylark(R)-II, a close-range tactical UAV system
developed and produced by Elbit Systems. Frost & Sullivan cited
the Skylark(R)-II system as a market trend-setter, defining and
leading the UAV market. The Skylark(R)-II's unique system
capabilities enable it to perform the same missions that previously
only larger and more expensive UAV systems could perform. Elbit
Systems ongoing leadership in the UAV field was another factor in
Frost & Sullivan's decision to present this award. The
Skylark(R)-II is a new, improved model of the Skylark(R)-I UAV
system that is in widespread operational use worldwide, including
in the Israel Defense Forces (IDF). The Skylark(R)-II is capable of
carrying out covert surveillance flights day and night, in all
weather conditions at mission ranges exceeding 50 kilometers. The
Skylark(R)-II has the ability to perform a wide range of missions,
including: surveillance and reconnaissance, data collection and
target designation. The Skylark(R)-II is deployed from a
field-vehicle equipped with an integral launcher and a dual-Ground
Control Station. The advanced UAV is highly autonomous, based on
highly advanced technology and the extensive accumulated
operational experience of the Elbit Systems Hermes(R) family of
UAVs. The system's compact design and light-weight allows for
assembly, launch and recovery by a two-person crew. The unique
technologically advanced propulsion system for low and medium
altitudes is silent and highly efficient for covert operations. The
advanced payload configuration features a color day camera, 3rd
generation thermal imaging night camera and a laser illuminator,
enabling Skylark(R)-II to produce high quality sharp imagery even
under cloud cover and adverse weather conditions. Haim Kellerman,
Corporate Vice President and General Manager of Elbit Systems UAV
Division stated, "We are proud to receive this award from a
prominent consulting and research company such as Frost &
Sullivan. This selection is an example of the enthusiastic response
that we are receiving from experts in the field and potential
customers. Last November, Popular Science Magazine credited the
same product with a similar award. Our product being selected by
one of the top consulting and research companies testifies to Elbit
Systems position as an innovative and advanced UAV manufacturer."
About the "Best Innovative Product Award for 2007" Every year the
analysts of Frost & Sullivan choose the most innovative
products launched that year. They evaluate: R&D expenses,
products in development and new product applications for existing
products in the search for the most innovative products of the
year. The winners are the products and technology comprising a
major breakthrough in a respective field. All the products are
selected according to the degree of innovativeness and customer
satisfaction. All products are examined using the following
criteria: -- Level of innovation in the respective field --
Competitive advantage versus the market -- Level of technological
innovation implemented in the product -- Penetration level of
product in the market -- Added value product provides to customers
-- Number of competitors with a similar product About Elbit Systems
Ltd. Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of defense-related programs
throughout the world. The Elbit Systems Group, which includes the
company and its subsidiaries, operates in the areas of aerospace,
land and naval systems, command, control, communications,
computers, intelligence, surveillance and reconnaissance ("C4ISR"),
advanced electro-optic and space technologies, EW suites, airborne
warning systems, ELINT systems, data links and military
communications systems and equipment. The Group also focuses on the
upgrading of existing military platforms and developing new
technologies for defense and homeland security applications.
STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL,
WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE
COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR
OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS.
THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN
THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION. Contacts: Company Contact: IR Contact: Joseph Gaspar,
Corporate VP & CFO Ehud Helft / Kenny Green Dalia Rosen,
Director of Corporate Communications G.K. Investor Relations Elbit
Systems Ltd Tel: 1-646-201-9246 Tel: +972-4-8316663 Fax:
+972-3-607-4711 Fax: +972-4-8316944 E-mail: E-mail: DATASOURCE:
Elbit Systems Ltd. CONTACT: Company, Joseph Gaspar, Corporate VP
& CFO, , or Dalia Rosen, Director of Corporate Communications,
, both of Elbit Systems Ltd, +972-4-8316663,; or IR, Ehud Helft or
Kenny Green of G.K. Investor Relations, +1-646-201-9246, , for
Elbit Systems Ltd.
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