Morpho and SELEX Elsag sign partnership framework agreement for cooperation in road enforcement and safety
At the 2011 Paris Air Show in Le Bourget, in the context of a wider relationship between Safran and Finmeccanica, Morpho (Safran group) and SELEX Elsag (Finmeccanica Group) today signed a "Partnership Framework Agreement" for development of commercial and industrial operations in the field of "Road Enforcement and Safety" equipment which could lead to a Joint Venture. The Parties wish to join their resources to address the fast-growing market of Road Enforcement and Safety, taking advantage of the complementary nature of their products and technologies in the fields of vehicle identification, speed measurement and red light violation.
"This partnership with SELEX Elsag is a unique opportunity to leverage the technologies of two major industry players" said Jean-Paul Jainsky, Chairman and Chief Executive Officer of Morpho. "We are convinced that the outcome will be integrated solutions that meet the ever-evolving needs of the road safety and enforcement market".
This agreement represents a significant step forward in our cooperation to meet the emerging needs of the converging Law Enforcement and Road Safety markets. SELEX Elsag is a global leader in the first sector while Morpho represents a worldwide centre of excellence in the second. This partnership will provide major opportunities to exploit our complementary technologies and market synergies.
About SELEX Elsag
SELEX Elsag, a Finmeccanica company, was formed on 1 June 2011 following the merger of SELEX Communications and ELSAG Datamat. SELEX Elsag is a leader in the design and development of hi-tech systems, solutions and services for Information & Communication Technology, security, automation, professional and defense telecommunications, logistics and mobility, avionics. Headquartered in Italy and with operations in UK, USA, Germany, Turkey, Russia, Romania, SELEX Elsag employs more than 7,400 people worldwide.