PRESS RELEASE - TEKEVER and Santos Lab sign purchase agreement

TEKEVER and Santos Lab sign purchase agreement

Rio de Janeiro, 14th of April 2015

TEKEVER Group has signed a Purchase Agreement to acquire a significant interest in Santos Lab, the leading Brazilian UAS (Unmanned Aerial System) manufacturer, the Portuguese company announced at the LAAD DEFENCE & SECURITY 2015 expo today.

Both partners will join their capabilities to integrate technology, offer new products and join commercial efforts at a global level, with particular focus on the South American markets. This agreement is the next step of a global strategic partnership announced last year at the Farnborough International Airshow (UK).

The AR2 Carcará is the first product to be jointly launched from this groundbreaking partnership and is currently in operation by the Brazilian Navy. The AR2 Carcará includes a water-proof airframe designed and produced by Santos Lab that is specifically aimed at maritime and amphibious operations.

The Unmanned Air System is fitted with advanced onboard processing, communications equipment and ground control systems provided by TEKEVER, allowing the system to be fully interoperable with all other TEKEVER UAS products, and providing a new range of operational capabilities.

“TEKEVER’s participation in Santos Lab will always preserve this company as a strategic company for the Brazilian security market. We signed the purchase agreement today and we have until the end of the semester to close it. Although, from now on, both companies are going to develop UAS using the groundbreaking technologies from TEKEVER and the amazing structures from Santos Lab. This incredible cooperation will benefit the companies’ internationalization and our business strategies and add significant value to our positions in the Aerospace, Defence and Security markets”, said Ricardo Mendes, COO of TEKEVER.

“With this agreement, we have created a win-win relationship. Because of this groundbreaking partnership, AR2 Carcará is a more flexible, versatile and reliable product. And this is just the beginning”, agreed Gabriel Klabin, CEO of Santos Labs.