On March 4, 2011 TenCate issued a press release announcing its cooperation with the Danish company ABDS ApS for the development and market preparation of the TenCate ABDS(tm) active blast countermeasure system, a system for the protection of army vehicles against improvised explosive devices and roadside bombs. With reference to the above press release, TenCate herewith announces an agreement with the shareholders to acquire all the shares of ABDS ApS, which will be integrated into the TenCate company as Ten Cate Active Protection ApS. Full ownership by TenCate effectively supports a timely international market introduction through producers of army vehicles in order to substantially increase the survivability protection levels of vehicles used in crisis areas. The acquisition shall be completed once Danish authorities have approved the transaction, which approval is expected shortly.
Recent tests and simulations of the TenCate ABDS(tm) active blast countermeasure system have been concluded successfully. Vehicle specific tests are an essential part of the successful implementation of the system in the field. The implementation of the TenCate ABDS(tm) active blast countermeasure system is currently planned to take place in the course of 2012-2013. Based on the tests and simulations so far and their good results, it is clear that genuine interest is currently being shown by the market in several vehicle programmes.
TenCate Advanced Armour (with facilities in Denmark, the Netherlands, UK, France and the US) is a specialist in vehicle armouring systems based on light weight, composite armour materials. The TenCate ABDS(tm) active blast countermeasure system offers complementary survivability protection against the effects of explosives. There is an evident need for enhanced protection, in combination with increased mobility of army vehicles. The TenCate ABDS(tm) active blast countermeasure system enables TenCate Advanced Armour to expand its capabilities in terms of advanced protection systems for vehicles to meet these market needs.
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