Amaro, ITALY - July 28, 2006.
Eurotech and Finmeccanica Join Together to Develop New Products for Aerospace, Defense, Safety, Transportation and Energy Markets.
Eurotech S.p.A. has today signed a partnership agreement with Finmeccanica S.p.A. The agreement is a commercial and scientific collaboration drawing on Eurotech's R&D capabilities and Finmeccanica's international position as supplier of choice for complex solutions and systems in the Aerospace, Defence, Safety, Transport and Energy sectors.
Eurotech and Finmeccanica have identified several products of common interest which may be jointly developed. These include: networking equipment and integration devices for communication systems; wearable computers for paramilitary, civil or industrial purposes; real-time video tracking with integrated image processing systems; embedded PC for a wide spectrum of applications.
With reference to identify interest?s areas, Finmeccanica will accede to Eurotech's technology and products, available or in phase of development, to realize innovative solutions to present it to its reference markets.
Is Italy's leading high-tech company, operating in the design and manufacture of helicopters, civil and military aircrafts, aerostructures, satellites, space infrastructure, missiles and defence electronics. It plays a leading role in the European aerospace and defence industry, and participates in some of the biggest international programmes in the sector through well-established alliances with European and American partners. Finmeccanica also boasts significant manufacturing assets and skills in the transport and energy. The group is listed on the Milan stock exchange, and operates in Italy and abroad through its companies and joint ventures. It employs around 57,000 staff in total.
As part of its drive to maintain and build on its technological expertise, Finmeccanica spends 15% of its revenues on research and development.
Eurotech (ETH.MI) operates in the research, development, production and marketing of miniature computers (Nano-PC) and high performance computers (HPC).