PRESS RELEASE

Sofradir undergoes structural reorganisation

Sofradir and its subsidiary ULIS today announce a structural reorganization to improve overall efficiency, quality of service and time-to-market of its infrared technologies for commercial, aerospace and defense markets, as well as emerging automotive and smart buildings sectors.

The new organization is designed around a set of company values with people, innovation and product quality at its center. It involves activating operational synergies between Sofradir and ULIS. This includes creating two new departments; one dedicated to innovation and strategic projects and the other to product development and maturity.

“Faced with growing competition, we need to be smarter and more efficient about how we manage our assets going forward; we are setting the stage to continue our long-standing success in infrared imaging,” said Jean-François Delepau, chairman of Sofradir, ULIS and Sofradir-EC. “Fundamentally, we are reinvigorating our strengths: extensive scientific knowledge and industrial expertise, technological vision, a strong performance record, team excellence and close relationships with customers and suppliers. These assets will enable us to take product quality beyond current market standards and raise the bar in speeding up innovation to market. We believe this will bring substantial competitive benefits to our customers.”

The reorganization will take place over the next few months.

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