SYPRIS and CASSIDIAN form international strategic alliance
Leiden, 04 November 2010
* Partnership to pursue global information assurance initiatives
* Information assurance innovators combine their knowledge to leverage capabilities
* Partnership to combine the knowledge of two information assurance innovators to pursue additional key management, secure communications and cyber security initiatives.
* CASSIDIAN is the new name of EADS Defence & Security
Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc., announced today that it has signed a Technology Information Exchange Agreement (TIEA) with Cassidian, formerly known as EADS Defence & Security, the second largest division within the EADS Group. The TIEA will enable the global leverage of mutual capabilities in several critical information assurance areas, including key management, secure communications, and cyber security.
Specifically, the TIEA between Sypris Electronics and Cassidian allows the Companies to expand their market reach for existing information assurance hardware and software solutions, by utilizing new domestic and international sales channels. This agreement gives Sypris and Cassidian an opportunity to round out their respective portfolios as they relate to global information assurance.
“For years, Sypris and Cassidian have protected the most classified data and networks in the world,” stated John Walsh, President of Sypris Electronics. “This agreement allows access to best-in-class technologies, which will help both organizations to launch new secure, robust, and comprehensive security solutions that will benefit the U.S. Government, International Ministries of Defence, and aerospace and defence contractors worldwide.” Doug McGinn, VP of Security Solutions at Cassidian, said "This relationship provides a unique opportunity for our companies to work together and leverage our products and capabilities to address the growing need for information security across the global cyber domain”.
About Sypris Electronics
Sypris Electronics is a world-class, integrated systems solutions provider. Our ruggedized electronic products, advanced engineering services and complete electronic manufacturing capabilities are aligned to provide our customers the best people, practices and technologies to continually exceed expectations. We consistently promote an agile, innovative culture by strategically partnering with leading-edge technology companies, agencies and universities. With over 40 years of experience, Sypris Electronics is proud to develop, manufacture and integrate leading technologies into mission critical electronics systems that secure America’s interest. Visit www.sypriselectronics.com for additional company information.
About CASSIDIAN (www.cassidian.com)
Cassidian, an EADS Company, is a worldwide leader in Global security solutions and systems, providing lead system integration and value-added products and services to civil and military customers around the globe: air systems (aircrafts and Unmanned Aerial systems), land & joint and naval systems, intelligence and surveillance, cybersecurity, secure communications, test systems, missiles, services and support solutions. In 2009, Cassidian – with around 21,000 employees – achieved revenues of € 5.4 billion. EADS is a global leader in aerospace, defence and related services. In 2009, EADS generated revenues of € 42.8 billion and employed a workforce of about 119,000.
CASSIDIAN – Defending World Security
Further information
* Cassidian website www.cassidian.com
* Sypris Electronics website: www.sypriselectronics.com
# Cassidian website www.cassidian.com
# Sypris Electronics website: www.sypriselectronics.com
Contacts:
Deborah Waddon
Head of Communications United Kingdom
Cassidian - Cassidian Systems UK
Tel.: +44 16 33.71 54 47
Fax: +44 16 33.65 51 93
Sypris Electronics
Jennifer L. Limeri
Tel.: +1 (813) 972-6486
Jennifer.Limeri@Sypris.com
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