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PRESS RELEASE: Hanwha Ocean of Korea signs a Teaming Agreement and MOUs with Canadian partners

CAE, Gastops and Curtiss-Wright Indal Technologies join Team Hanwha for Canadian Patrol Submarine Project

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May 30, 2024, Ottawa, Ontario, Canada

Today, Hanwha signed Memorandums of Understanding (MOUs) with Kongsberg Geospatial, Paradigm Shift and Hexagon for cooperation on upcoming Canadian land systems programs:

• The MOU with Kongsberg Geospatial (Ottawa, Ontario) is related to fire control systems for artillery.
• The MOU with Paradigm Shift (Toronto, Ontario) is related to gun barrel coating.
• The MOU with Hexagon (Calgary, Alberta) is related to global positioning systems and inertial navigation systems.

Quotes

“We see significant opportunities for synergies between Hanwha and these Canadian partners – Kongsberg Geospatial, Paradigm Shift and Hexagon. With the signing of these MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Korea and Canada.”

• John Kelly, CEO, Hanwha Defence

“We eagerly anticipate collaborating with Hanwha in Canada and expanding their global relationship with our parent company, Kongsberg Defense & Aerospace. Joining forces with a company of Hanwha’s caliber in land systems projects, is an excellent opportunity to deliver top-tier Canadian software development and provide long-term maintenance in our home country.

• Jordan Freed, President and Managing Director Kongsberg Geospatial

“We are proud to join forces with Hanwha. This strategic partnership aims to deliver sustainable, efficient, and highly effective weapon systems that can adapt to the complexities of modern warfare, transforming the future of defense technology. Our combined expertise will result in the implementation of advanced EPVD® solutions that meet the demands of current and future combat scenarios, enhancing the operational capabilities and reducing the environmental footprint of the Canadian and allied armed forces.”

•     Dr. Gennady Yumshtyk, CEO, Paradigm Shift Technologies Inc.

“We are delighted to partner with Hanwha in providing the best in assured position, navigation and timing (APNT) technologies for land vehicle programs.”

• Stig Pedersen, Executive Vice President Aerospace and Defence, Hexagon’s Autonomy & Positioning division

 

About Hanwha (www.HanwhaForCAF.ca)

Hanwha has a full line of land systems and munition solutions that can be quickly and affordably delivered to meet Canadian Army urgent and future operational requirements, including the K9 Thunder Self-Propelled Howitzer, the K10 Ammunition Resupply Vehicle, the Chunmoo Multiple Rocket Launch System, the Redback Infantry Fighting Vehicle, the Taipers Anti-Tank Guided Missile, the BiHo Air Defence System and the KMCS propellant.

Hanwha, with more than 100,000 employees globally and 91 subsidiaries, is Korea’s 7th largest company and the largest defence company in South Korea.

About Kongsberg Geospatial (www.kongsberggeospatial.com)

Kongsberg Geospatial, developer of the TerraLens Geospatial SDK, creates precision software to provide real-time situational awareness in defense applications. The Company’s products are deployed in a range of high-performance Command and Control solutions from airborne to armoured vehicles. Over three decades of delivering dependable performance under extreme conditions, Kongsberg Geospatial has become the leading geospatial technology provider for mission-critical applications in Aerospace, Defense, and the rapidly evolving Commercial UAV market. Kongsberg Geospatial has become the leading geospatial technology provider for mission-critical applications where lives are on the line. Kongsberg Geospatial is a subsidiary of Kongsberg Defense & Aerospace.

About Paradigm Shift (www.paradigmshift.com)

Paradigm Shift provides unparalleled solutions to the growing need for unique, performance-driven and environmentally friendly coating technologies. With the development and application of its exclusive and environmentally friendly EPVD® technology, Paradigm Shift continues to service the global defence industry as well as foreign governments in the areas of weapons systems improvement. With its unwavering commitment to revolutionize military technology and a mission to eliminate hazardous materials, Paradigm Shift is dedicated to driving innovation in the defence industry, and enhancing performance and reliability of weapon systems. Government agencies, multinational corporations and private interest groups have relied on Paradigm Shift for professional, industry leading and custom-built coating solutions.

About Hexagon | NovAtel (www.novatel.com)

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. NovAtel, part of Hexagon, is a global technology leader, pioneering end-to-end solutions for assured positioning for land, sea and air. NovAtel designs, manufactures and sells high precision positioning technology developed for efficient and rapid integration. Its solutions are empowering intelligent positioning ecosystems in vital industries that depend on the ability to tackle the most complex challenges in the most demanding environments. Learn more at novatel.com.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 25,000 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Media Contacts

Keelan Green, [email protected], 613-220-2016

Jeff Sung, [email protected]