TenCate enters market for protection against road side bombs
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™ 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.