11.05.2004

OHB-System and Elbit Systems subsidiary Elop establish joint venture

The Bremen-based space technology company OHB-System AG, and Elbit Systems Ltd. (Nasdaq: ESLT) Haifa, Israel, an international defense company, through its subsidiary Elop Electro-Optics Industries Ltd., today announced plans to set up a joint venture for common development and marketing of electro-optical systems and infrared payloads, suitable for deployment in space and for UAVs (Unmanned Airborne Vehicles). In the new venture, OHB ELectroOPtics, the system and mission experience of OHB is ideally combined with the competence acquired by ELOP in such fields as electro-optics and infrared technology. Marketing is set to focus in the European region.

The new venture OHB ELectroOPtics will be headquartered in Bremen.

Marco Fuchs, CEO of OHB Technology AG said: "The new enterprise will increase OHB's array of services to the European space technology industry. We are excited about this joint venture with ELOP because the company is one of the world's leading providers with an in-depth knowledge of the fields of electro-optics and infrared technology." Haim Rousso, Corporate VP Elbit Systems and General Manager of ELOP said: “The new Venture of ELOP with the leading Space System Company in Europe - OHB, will open new markets for ELOP’s Technologies and Products and enables ELOP to expand its space activities to new areas and customers with an excellent partner.”

Electro-optical sensors make use of the visible and of the infrared area of the electromagnetic spectrum and can generate images with resolutions of less than one meter to several kilometers.

Electro-optical systems are currently in use both on civilian satellites such as BIRD, EROS, ENVISAT and IKONOS as well as on meteorological satellites such as the European METEOSAT and on military reconnaissance platforms.

Contact for media

Günther Hörbst
Head of Corporate Communications

OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany

Phone.: +49 421 2020-9438
Mobile: +49 171 1931041
Email: guenther.hoerbst@ohb.de

Julia Riedl
Corporate Communications

OHB System AG
Manfred-Fuchs-Straße 1
82234 Weßling - Oberpfaffenhofen
Germany

Phone: +49 8153 4002 249
Mobile: +49 172 10 80 716
Email: julia.riedl@ohb.de

You can reach both of us with an email to pr@ohb.de