TenCate awarded important US defense contract of US Dollar 30 million

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| Source: Koninklijke Ten Cate NV

ALMELO, Netherlands, April 16, 2014 (GLOBE NEWSWIRE) -- TenCate Advanced Armor in Newark (Ohio), USA, has been selected by General Dynamics Ordnance and Tactical Systems, the prime contractor for the U.S. Army Special Operations Command (SOCOM) Ground Mobility Vehicle, to provide the GMV 1.1 armor solution. This order has a value of about US Dollar 30 million. Revenues will be generated in the next three to four years. Initial production will start during the second half of 2014.     

The Pentagon awarded General Dynamics Ordnance and Tactical Systems a US Dollar 562 million contract for the Ground Mobility Vehicle (GMV 1.1). SOCOM plans to purchase up to 1,300 GMVs over the next 6 years to replace SOCOM's current fleet of specialized High Mobility Multipurpose Wheeled Vehicles (HMMWVs).
  
Complete vehicle survivability solution

TenCate Advanced Armor offers complete vehicle armor and occupant survivability solutions for tactical and combat vehicles. Utilizing a wide range of armor materials and technologies, survivability products of TenCate include lightweight passive armor as well as advanced active underbody IED protection. "We are extremely excited to be a part of the GD-OTS team. The GMV platform is a perfect platform for our lightweight armor solutions", says Mark Edwards, President of TenCate Advanced Armor USA. "The GMV program is certainly an important part of the future enabling technologies for the United States Army Special Forces and we are proud to be able to participate on such an important program." The TenCate GMV armor solution consists of the primary vehicle armoring solution including transparent armor. TenCate will design and manufacture the armor and provide it to GD-OTS as a complete kit ready for installation.

Order book of projects

This order of General Dynamics Ordnance and Tactical Systems forms part of a total order book of projects in excess of US Dollar 100 million, which TenCate Advanced Armor is expecting to receive during 2014. Revenues out of this order book will be generated during the next four years.

Royal Ten Cate
Almelo, the Netherlands, Wednesday 16 April 2014
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For further information:

Digital pictures are available on your request via: media@tencate.com

Disclaimer: reference herein to any specific commercial company, product, process or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement recommendation or favoring by the United States Government or the Department of the Army (DoA). The opinions of the authors expressed herein do not necessarily state or reflect those of the United States government or the DoA,and shall not be used for advertising or product endorsement purposes.

TenCate corporate
Pieter Zwinkels, Manager Investor Relations
Telephone      : +31 546 544 911
Mobile           : +31 6 1088 6338
Email            : p.zwinkels@tencate.com
Internet         : www.tencate.com

TenCate Advanced Armor USA
Mark Edwards, President
Telephone      : +1 740 345 5574
Email            : advancedarmor@tcaa-usa.com
Internet         : www.tencateadvancedarmor.com

TenCate Advanced Armor is a leading global supplier of a wide range of armor composite materials for ballistic protection. TenCate Advanced Armor develops and produces a portfolio of composite and ceramic materials and designs active armor solutions for the protection of police, army, air force, navy and civilian service personnel, vehicles and vessels. TenCate Advanced Armor has facilities in North America, Europe and Asia.

Royal Ten Cate (TenCate) is a multinational company that combines textile technology with chemical processes and material technology in the development and production of functional materials with distinctive characteristics. TenCate products are sold throughout the world. Systems and materials from TenCate come under four areas of application: safety and protection; space and aerospace; infrastructure and the environment; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, antiballistics, geosynthetics and synthetic turf. TenCate is listed on NYSE Euronext (AMX).

Press release as PDF http://hugin.info/130798/R/1777641/606866.pdf

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