TAMPA, FL. (October 26, 2010) – Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (“Sypris”), announced today that it has entered into a Technology Information Exchange Agreement with Cassidian, formerly known as EADS Defence & Security, the second largest division within the EADS Group. The agreement provides a means for both companies to share best-in-class technologies for several critical information assurance areas, including key management, secure communications and cyber security.
“For years, Sypris and Cassidian have protected the most classified data and networks in the world,” stated John Walsh, President of Sypris Electronics. “This agreement will facilitate the sharing of best-in-class technologies to help both organizations launch new secure, robust, comprehensive security solutions that will benefit the U.S. Government, International Ministries of Defense, and aerospace and defense contractors worldwide.”
Doug McGinn, Vice President of Security Solutions at Cassidian, said "This relationship provides a unique opportunity for our companies to work together and leverage our products and capabilities to address the growing need for information security across the global cyber domain.”
Sypris Electronics is a world-class, integrated systems solutions provider. Our ruggedized electronic products, advanced engineering services and complete electronic manufacturing capabilities are aligned to provide our customers the best people, practices and technologies to continually exceed expectations. We consistently promote an agile, innovative culture by strategically partnering with leading-edge technology companies, agencies and universities. With over 45 years of experience, Sypris Electronics is proud to develop, manufacture and integrate leading technologies into mission critical electronics systems that secure America’s interest. Visit www.sypriselectronics.com for additional company information.
CASSIDIAN, an EADS Company, is a worldwide leader in Global security solutions and systems, providing lead system integration and value-added products and services to civil and military customers around the globe: air systems (aircrafts and Unmanned Aerial systems), land & joint and naval systems, intelligence and surveillance, cyber security, secure communications, test systems, missiles, services and support solutions. In 2009, CASSIDIAN – with around 21,000 employees – achieved revenues of €5.4 billion. EADS is a global leader in aerospace, defence and related services. In 2009, EADS generated revenues of €42.8 billion and employed a workforce of about 119,000.