Bern, Switzerland and Haifa, Israel, September 9, 2019 - The high technology company, Elbit Systems Ltd. ("Elbit Systems" or the "Company"), announced the establishment of Elbit Systems Switzerland AG ("Elbit Systems Switzerland"). The announcement was made during an opening ceremony held today in the designated office space in Seilerstrasse, Bern.
Establishing a Swiss entity is part of the Company's long-term growth path in the market. Over the past decade Elbit Systems has been leading successful engagements in the Swiss market, most notably in programs such as INTAFF, ADS15 and others. The Company, through its newly established Elbit Systems Switzerland, will seek to expand the transfer of advanced technologies and know-how to the market, set-up local development capabilities, further grow collaborations with Swiss high technology companies and facilitate ties with scientific and technology research institutions.
In the initial phase Elbit Systems Switzerland will focus on developing a Technology Center of Excellence in several synergetic domains including Communications, Command & Control, Computing and Cyber Intelligence leveraging INTAFF related activities and the recently agreed upon joint venture company with RUAG.
Haim Delmar, Executive Vice President and General Manager of Elbit Systems C4I & Cyber, said: "Switzerland is an important market for us. It is a privilege to be in a position to offer technologically advanced and operational solutions for the Swiss Armed Forces and to cooperate with Swiss high technology companies. We are proud to establish Elbit Systems Switzerland, which I believe will accelerate our capacity to transfer knowhow and will strengthen our capability to provide local engineering and technical support."
Photo L-R : Oren Sabag, Senior Vice President Radio and Communication Systems, Elbit Systems C4I and Cyber, Jacob Keidar, Israeli Ambassador to Switzerland, Haim Delmar, EVP & General Manager, Elbit Systems C4I and Cyber, Markus Niederhauser, Président du GRPM, Matthias Zoller, secrétaire général SwissASD, Sari Schanan, Vice President Regional Marketing, Elbit Systems.
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
For additional information visit: elbitsystems.com, follow us on: Twitter, LinkedIn, Facebook or visit our official YouTube Channel.
This press release contains forward looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. Forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
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