English version - Hexagon Composites ASA

More documents

Recommendations

Info

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE Communication antenna control system The Company sees an emerging market for communication antenna control systems for the defence segment. The demand is shifting towards more sophisticated systems, comprising alternative forms of communication (HF, VHF, UHF, etc.) using different broadband applications. This combined with higher demands/more needs for installations onto the platform, has led to an increasing demand for such systems worldwide. A typical systems application is as follows; The antenna system is an active antenna combiner and an antenna selector switch. It is primary designed to reduce the number of antennas in an installation and allows the simultaneous use of several radios to one transmit antenna or to individual directional antennas. A receive distribution amplifier is included to allow multiple receivers at the same time. 2. Masts Tactical masts for military use are one of the main product categories for the Company’s French subsidiary, Lerc SA, constituting approximately 17% of the Company’s turnover. All masts are manufactured at the Company’s production facility in France. The Company supplies telescopic, sleeve, manpack, manual and motorized masts. The Company is also able to provide a complete antenna and mast system for rapid deployment. Key features of the mast products include easy maintenance, standard as well as tailor-made versions and advanced control systems for unmanned use of the masts. The table below gives an overview of the products that the Company produces within the segment for tactical masts. Product: Applications: Comments: Manpack masts - HF or VHF radio stations (C4), 4 - 5% of mast turnover to 12m ground installation - Next generation wire antennas need ultra-light manpack masts Sleeve masts (tripods/shelters) - Line of sight (“LOS”) - Cellphone - Emergency - 6 to 40m, on tripod, vehicle or shelter Telescopic - Electronic Warfare (“EW”) - LOS - Ground surveillance - Energy - (Live line maintenance) - 2.5 to 30m - On vehicle, shelter or trailer (good prospects) - 67% of mast turnover - New generation of Line of Sight need more accurate masts with heavier toploads - Belt driven and motorized: - 15% of mast turnover - New generation Electronic Warefare systems need automated masts - Good outlook for US & Europe - Manual: - 8% of mast turnover - Stable market Spare parts - Stable business Services: manuals training maintenance engineering (integration on vehicle or shelter) - Added value for the customer Sleeve masts constitute the main product category within the mast segment. These masts constitute 67% of the mast turnover. Lerc has superior competence and a well-proven track record for calculating, designing and manufacturing masts, especially for large sized and heavy top-load applications. In the following is an illustration of some of the masts that the Company offers. 31
COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE FIGURE:MASTS FOR ADVANCED CONTROL AND UNMANNED USE (FROM LEFT) 3. Industrial products The Company’s industrial products comprise insulating products and structural composites. Some 90% of the sales within this segment is related to the energy and utility industry, and the defence industry makes up approximately 10% of the sales. All manufacturing of the Company’s industrial products take place at the Company’s manufacturing plant in France. The Company’s industrial products are targeted towards niche markets. Key clients include Siemens, Schlumberger, SNECMA, French Railways, Belgium Railways, and EDF. Insulating products Lerc produces two main insulating products; synthetic insulators and insulating poles. The two product categories are described in the table below: Product description: Applications: Comments: Synthetic insulators, 750V to 25kV - Railways - Only 2 competitors in Europe - Urban transport - New competition from Asia and Insulating poles - Live maintenance on high tension lines Eastern Europe - End of market life cycle within 3 to 5 years (will be replaced by automated tools) Synthetic insulators make up approximately 70% of the division’s turnover from insulating products. Below is an illustration of insulating products. 32
Page 1 and 2: Prospectus COMROD Comrod Communicat
Page 3 and 4: COMROD COMMUNICATION ASA - LISTING
Page 31: COMROD COMMUNICATION ASA - LISTING
Page 83 and 84:
COMROD COMMUNICATION ASA - LISTING
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
show all

English version - Hexagon Composites ASA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?