Wescam Forges Marketing And Distribution Alliance With
Thomson-CSF, World's Largest Defense Electronics Exporter
FLAMBOROUGH, ONTARIO--
Agreement will expand Wescam's International sales
Wescam announced today that it has signed a marketing and
distribution agreement with Thomson-CSF to develop business
opportunities for both parties in Europe, Asia and the Middle
East.
Thomson-CSF, with its head office in Paris, France, is the third
largest defense electronics contractor in the world, and the
largest defense electronics exporter worldwide.
Thomson-CSF will exclusively offer Wescam's visual information
systems to Thomson-CSF's existing and potential customers.
"Wescam's growth strategy is building on the success of its North
American sales by increasing its international market penetration.
This marketing and distribution agreement with Thomson-CSF opens
up large new international bidding and contract opportunities in
countries where Thomson-CSF is already well represented," said
Mark Chamberlain, Wescam's President & Chief Executive Officer.
"We are delighted to be associated with one of the leading
electronics contractors in the world."
Bernard Rocquemont, Senior Vice President, Thomson-CSF said, "We
are very pleased to be associated with one of the world's leading
provider of visual information systems. This strategic alliance
provides Thomson-CSF and Wescam with an outstanding opportunity to
increase sales for both our companies."
Thomson-CSF, a European leader and global front-runner in
professional electronics for civil and defense markets, employs
50,000 people worldwide and generated revenues of 6.9 billion
euros in 1999, 70% of which came from international sales.
Wescam is a world leader in the design and manufacture of visual
information systems, providing real time images as information for
a variety of government and commercial customers around the globe.
Wescam captures images from moving platforms that range from
aircraft, helicopters, airships and the Space Shuttle to racing
cars, tracks, boats and cranes, and transmits those images via
wireless communication link to the end user. Wescam is traded on
The Toronto Stock Exchange under the symbol "WSC". |
