14th Jun 2006 13:05
Cobham PLC14 June 2006 COBHAM ACQUIRES WIRELESS DIGITAL VIDEO SURVEILLANCE COMPANY Cobham plc ("Cobham") is pleased to announce that it has completed theacquisition of domo, a leading provider of wireless digital video surveillancetechnology to law enforcement, military and intelligence agencies worldwide.domo, a privately owned company based in Hampshire, UK, employs 21 people andwill form part of the Cobham Avionics and Surveillance Division. The cash consideration for domo comprises £8m on a debt and cash free basispayable on completion, with additional consideration of up to £10m, contingenton future performance. Allan Cook, Cobham Chief Executive, said,"domo provides a product, technology and capability set that we can exploitacross our homeland security businesses in the Cobham Avionics and SurveillanceDivision and into adjacent areas within our Antennas and Defence ElectronicsSystems divisions." - ends - ENQUIRIES Cobham plcAllan Cook, Chief Executive +44 (0)1202 882020Warren Tucker, Group Financial Director Weber Shandwick Square MileSusan Ellis/Kirsty Raper +44 (0)20 7067 0700 NOTES Cobham plc is an international company engaged in the development, delivery andsupport of advanced aerospace and defence systems for land, sea and airplatforms. The company has five technology divisions and one in the servicesector that collectively specialise in the provision of components, sub-systemsand services that keep people safe, improve communications and enhance theperformance of aerospace and defence platforms. Cobham Avionics and Surveillance Division designs, qualifies, manufactures,certifies and supports a comprehensive range of electronic products forairborne, marine, land and special purpose applications. The division servesthree principal markets: Avionics, Law Enforcement/National Security and Searchand Rescue. Included in the product base are fully certified Electronic FlightInstrument Systems with complete cockpit communication/navigation and sensorcapability, Cospas/SarSat certified marine, air and land Search and Rescuedevices, and state-of-the-art law enforcement tracking, monitoring andsurveillance equipment. domo is a leading designer of wireless video and data communication technologiesfor law enforcement and military customers around the world enabling them tocombat major crime, terrorism and drug trafficking. domo's key technologyexpertise is in digital video processing, digital modulation schemes andInternet Protocol (IP) interfacing. Its products can transmit broadcast qualityvideo across non line of sight digital wireless links, and then distributereceived video across IP networks as required. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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