HAIFA, Israel, June 4, 2018 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT)
(TASE: ESLT) ("Elbit Systems") announced today that it's
wholly-owned subsidiary, Cyberbit Ltd. ("Cyberbit"), raised a
$30 million investment from the
private equity investor Claridge Israel
L.P. ("Claridge Israel ").
Engaged in the cyber security area Cyberbit provides cyber training
and simulation solution - Cyberbit Range - and a consolidated
detection and response platform that protects an organization's
entire attack surface across IT, OT and IoT networks.
This investment will facilitate Cyberbit's ability to take
advantage of the rising demand for its product line, as well as
expand sales and marketing operations, primarily in North America, enhance customer and partner
support and boost development.
Oded Tal, Managing Partner of
Claridge Israel, will join
Cyberbit's board of directors.
Bezhalel (Butzi) Machlis, President
and CEO of Elbit Systems,
commented: "We see the cyber security field as a growth engine. We
are encouraged by the technological and business achievements of
Cyberbit in recent years, led by the rapid adoption of the market
leading cyber training and simulation solution - the Cyber Range. I
am confident that the partnership with Claridge Israel will lead Cyberbit to even
greater achievements."
About Claridge Israel
Claridge Israel is an investment
firm focused on growth investments in innovative companies with a
technological advantage. The firm was initiated through a
partnership between Claridge Inc., the Stephen R. Bronfman Family
Office, one of Canada's most
reputable family offices and private equity investors, and la
Caisse de dépôt et placement du Québec (CDPQ), a global
institutional private equity, infrastructure and real estate
investor, with net assets of over US$230
Billion (as at December
31st , 2017).
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
and cyber-based systems. 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: http://elbitsystems.com/
follow us on Twitter or visit our official Youtube Channel.
This press release contains forward-looking statements (within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended) regarding Elbit Systems Ltd. and/or its subsidiaries
(collectively the Company), to the extent such statements do not
relate to historical or current fact. Forward-looking statements
are based on management's expectations, estimates, projections and
assumptions. 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 and uncertainties,
which are difficult to predict. 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; differences in anticipated and actual
program performance, including the ability to perform under
long-term fixed-price contracts; 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. 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.
Company Contact:
Joseph Gaspar,
Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
David Vaaknin,
VP, Head of Corporate Communications
Tel: +972-77-2946691
David.Vaaknin@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.com
SOURCE Elbit Systems Ltd.