Stockholm, July 3, 2014
INVISIO (IVSO) has through its American partner TEA Headsets again received a follow-up order on communication and hearing protection systems from the American military program TCAPS. The order is already the third from TCAPS in 2014 and is this time worth SEK 41.6 million.
With the order of SEK 41.6 million, INVISIO has up to today received orders from the American military program TCAPS to a total value of SEK 81.6 million during 2014. INVISIO received the first order from TCAPS in October 2013, which was worth SEK 40 million. The first follow-up order of SEK 20 million was received in March 2014 and the second follow-up order of SEK 20 million in June 2014.
The military program TCAPS, Tactical Communication and Protective System, is managed by the organization PEO Soldier within the U.S. Army. The purpose of TCAPS is to provide hearing protection and auditory situational awareness devices to soldiers, to increase hearing readiness and reduce hearing damage in high noise and extreme conditions. Within TCAPS, extensive testing and evaluation of communications and hearing protection solutions has been conducted. Today, the INVISIO solution is approved for use.
The new order of SEK 41.6 million will be delivered during the second half of 2014.
INVISIO is world leading within specialized voice communication in all environments, in heavy noise as well as under water and extreme heat. With knowledge in sound transmission and the patented technology INVISIO Bone Conduction the company develops, markets, and sells advanced headsets, control units and peripherals for usage with two-way radio.
For more information (public) about TCAPS and PEO Soldier, please read below.
For additional information, please contact:
Lars Højgård Hansen, CEO INVISIO Communications
Mobile: + 45 53 72 7722
The Tactical Communication and Protective System (TCAPS) is a specific application program within PEO Soldier and the Project Management Office Soldier Warrior. It fields concurrent hearing protection and auditory situational awareness devices to Soldiers to increase hearing readiness and reduce hearing damage/subsequent post-service hearing disabilities resulting from high noise exposure for combat Soldiers.
TCAPS provides concurrent hearing protection and auditory situational awareness. Historically, Soldiers have had to choose between hearing protection and force protection. As a combat force multiplier, TCAPS maintains hearing protection while enabling Soldier to use existing tactical radio resulting in increased mission effectiveness, safety, and survivability.
About PEO Soldier
The U.S. Army's Program Executive Office (PEO) Soldier is a program that for the past decade has provided its Soldiers with capabilities to ensure they remain decisive and dominant throughout the full spectrum of military operations. PEO Soldier is making a deliberate effort to integrate technologies for the Soldier as a System, and to provide system solutions that provide the greatest capabilities for them. The mission is to develop, acquire, field and sustain affordable integrated state of the art equipment to improve Soldier dominance in Army operations today and in the future, with the Soldier as both its strength and purpose. PEO Soldier provides its Soldiers with the finest equipment and protection available as quickly as possible. They invest in their Soldiers to give them the decisive edge while also being good stewards of taxpayer funding. PEO Soldier manages more than 450 products and programs that are a manifestation of that dedication. There are four Project Management (PM) Offices, dedicated to providing the very best equipment: PM Soldier Protection and individual Equipment, PM Soldier Sensors and Lasers, PM Soldier Warrior (which includes TCAPS) and PM Soldier Weapons.
About INVISIO Communications AB
INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions such as advanced headsets control units and accessories for use with two-way radio, primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company’s web site at www.invisio.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.
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