ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED 
By A.C.N. 092 708 364
Suite 2, Level 12, 75 Elizabeth Street, Sydney NSW 2000
Tel +61 2 9233 3915 Fax +61 2 9232 3411 http://www.eos-aus.com
EOS AWARDED DEFENCE CONTRACT
Canberra, 10 October 2012
Electro Optic Systems (ASX:EOS) has announced a new contract
valued at $5.1 million for the manufacture and delivery of
remote weapon systems in 2013-2014 for an
existing customer.
Announcing the contract, the Chief Executive of EOS' Defence
Systems business, Mr
Mark Bornholt, said:
"This order is for our most advanced model of remote weapon
system to be integrated onto a specialist armoured
engineering vehicle. It will be filled in EOS' production
facilities in Australia and the USA.
"This product has been in reliable production in a similar
configuration now ordered for more than 18 months and no
changes to our supply chain or production processes will be
required. This order will see integration testing in
2013 and production in 2014.
EOS CEO, Dr Ben Greene, said that the contract award was
particularly satisfying as it is from an existing defence
customer.
"EOS is focused on customer service and support, and an
important indicator of performance is customer feedback and
repeat orders.
"The order raises EOS' backlog of confirmed, unfilled orders
for weapon system products and services to over $35 million
deliverable over the next 2.5 years. This backlog is around
1.5 years of revenue at current levels of the Defence Systems
business, and is consistent with past performance, despite
challenging conditions in this sector associated with tight
constraints on government expenditure."
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ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS; OTC: EOPSY)
EOS develops, manufactures and sells sophisticated aerospace
technology with a wide range of applications through two
business divisions - military and space.
EOS' remote weapon systems enable a weapon to be fired
rapidly and accurately by a gunner safely relocated away from
the weapon. Typically the technology is applied for mounting
weapons on the top of an armoured vehicle, and the gunner
inside the vehicle. EOS remote weapon systems have been
produced in significant numbers for US Army, NATO forces,
Australia, and other countries around the world.
EOS' space division is as a manufacturer of telescopes and
technology to support space surveillance and space debris
management, including removal. In space surveillance, EOS's
laser tracking systems and computer technology can track
small orbiting debris objects with great precision - while
its space ablation technology and systems could potentially
allow future de-orbiting of space debris objects.
EOS has around 110 employees, based in Canberra (Australia),
Tucson (Arizona), and
Singapore.
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