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2014-06-17

Saab: Saab signs cooperation agreement with NonLethal Technologies Inc.

Defence and security company Saab Bofors Dynamics Switzerland Ltd
(SBDS) and US-based NonLethal Technologies Inc. (NLT) have today
signed a long-term cooperation agreement whereby SBDS will market and
sell the IronFistTMand Cobra40TMless-lethal weapon systems, including
their 38-mm and 40-mm munitions, on an exclusive basis in the
European market.

SBDS is a fully-owned company of Saab, located in Thun, Switzerland
and organized within Saab's Business area Dynamics. The company is a
leader in the design, development and production of mortar rounds,
warheads and less-lethal applications. It is a specialist in total
munitions life cycle management and provides servicing of different
ammunition types, chiefly for large-calibre products. The company
delivers to the world market and maintains a state-of-the-art
production site in Switzerland.

NLT was originally formed in 1994 as a research and development firm
by former employees of Federal Laboratories. It evolved into a full
manufacturing operation in 2002 when it moved to its current 46-acre
plant in Homer City, Pennsylvania. In recent years NLT's product line
has expanded dramatically, to include a full range of less-lethal
force and tactical munitions, and support weapon systems for
military, correctional and law enforcement customers.

"NLT and SBDS will make a world-class team given both companies'
prominent positions in their markets with superior products. The
companies share common core values and market strategies. They are
fast, innovative, quality producers well-known in their respective
markets and willing to move quickly. We will benefit from each other
through our complementary know-how, products and networks. I am
convinced that this cooperation will be the start of another success
story within our company", says Stephan Kocher, CEO of Saab Bofors
Dynamics Switzerland Ltd (SBDS).

Scott Oberdick, President and COO of NLT says: "We look forward to
this cooperative opportunity with the SBDS marketing team, to
introduce our less-lethal weapons and munitions to the European
defence, correctional and law enforcement communities. The SBDS
experience and reputation for high-quality, high-performance weapons
and munitions, along with the strength of its management and support
services within the defence industry, assures us of a strong teaming
effort in Europe."

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018
presscentre@saabgroup.com

www.saabgroup.com
www.saabgroup.com/Twitter
www.saabgroup.com/YouTube

Saab serves the global market with world-leading products, services
and solutions ranging from military defence to civil security. Saab
has operations and employees on all continents and constantly
develops, adopts and improves new technology to meet customers'
changing needs.

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http://news.cision.com/saab/r/saab-signs-cooperation-agreement-with-nonl...
http://mb.cision.com/Main/183/9603258/257583.pdf

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