WEST SPRINGFIELD, Mass., Nov. 9, 2011 (GLOBE NEWSWIRE) -- Cyalume Technologies, Inc. (OTCBB:CYLU) today announced it has entered into a collaborative relationship with Nammo Talley, Inc. (Nammo Talley). Currently Cyalume's ammunition applications are fielded in medium caliber 40mm high and low velocity training rounds. The collaboration with Nammo Talley partners Cyalume with a leading defense contractor, providing entry to a significant segment of the ammunition and weapons market.
Scott Selle, president and CEO of Nammo Talley remarked, "Our team defines the concept of synergy. I strongly believe the partnering combination of our capabilities will enable us to deliver better technology and higher value to customers than a traditional supply chain relationship."
Derek Dunaway, Cyalume president and CEO, stated, "The ability to work with Nammo Talley, a unit of an established international defense company, confirms my confidence in Cyalume's past achievements and growth prospects. We are pleased to collaborate by contributing our non-toxic, non-incendiary and non-dud producing payload to Nammo Talley's superior products."
Nammo Talley is located in Mesa, AZ with facilities in Pennsylvania, Mississippi and Utah. They are a member of the Nammo Group, headquartered in Norway.
About Cyalume Technologies, Inc.
Cyalume Technologies is the world leader in chemiluminescent (chemical-light) technology. The Company's suite of visible and non-visible chemical-light products provide dependable training and battlefield operation light solutions to the United States and NATO country militaries as well as to safety professionals across the globe. Products also include training and tactical chemiluminescent ammunition payloads for both military and commercial markets that offer a non-pyrotechnic, environmentally-friendly alternative to conventional ammunition. Cyalume Technologies Inc manufactures its products in West Springfield, Massachusetts and in its wholly-owned subsidiary Cyalume Technologies SAS based in Aix-en-Provence, France. For more information, please visit the Company's web site: www.european-lightstick.com
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About The Nammo Group:
The Nammo Group, headquartered in Norway, is a Nordic defense and aerospace group specializing in design and production of ammunition products, shoulder launcher munitions systems, missile and space propulsion systems and demilitarization services. The Nammo Group employs 2000 people at 18 production sites in 7 countries. Nammo recorded revenues of around 600 million USD in 2010.
Forward-Looking Statements:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. 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 and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.