SAFRAN Completes Acquisition of Motorola's Biometrics Business

Share Name	Share Symbol	Market	Type
Safran SA	BIT:SAF	Italy	Ordinary Share

Safran (BIT:SAF)
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From Dec 2019 to Dec 2024

PARIS and SCHAUMBURG, Illinois, April 7 /PRNewswire-FirstCall/ -- SAFRAN and Motorola, Inc. (NYSE:MOT) announced today that they have completed the previously-announced sale of Motorola's biometric business unit, including the Printrak trademark, to SAFRAN through its wholly owned subsidiary, Sagem Securite. SAFRAN, with approximately $15 billion in revenue in 2008, is an international high-technology group. SAFRAN has been operating in the U.S. for 30 years and is a world leader in a number of industrial segments, including aircraft engines through the 35-year CFM International Joint Venture with General Electric Company, and also supplies aircraft components used on many U.S. military platforms as well as civil aviation customers. Its largest U.S. customer is Boeing and it has significant relationships with other U.S. aerospace companies. SAFRAN operates in aerospace propulsion, aircraft equipment, and defense and security. Products incorporating SAFRAN's technology have been used for over 20 years by the U.S. Air Force, U.S. Navy, U.S. Army, U.S. Marine Corps, U.S. Coast Guard and NASA. Representative products today include KC-135R Stratotanker C-17 Globemaster, F/A-18, F-16, F-22, V-22 and C-130. SAFRAN is party to over 100 technical assistance agreements (TAAs) and manufacturing licence agreements (MLAs), has 22 empowered corporate officials dedicated to export control and regulations and is committed to full compliance to such requirements and implements internal policies and procedures to this end. SAFRAN has more than 54,000 employees in over 30 countries, including 3,200 employees in the U.S. with facilities and offices in 42 locations across 19 states. For more information, http://www.safran-group.com/ Sagem Securite is one of the world's leading suppliers of identity systems, Sagem Securite focuses on applications including personal rights and flow management, in particular based on biometrics, secure terminals and smart cards. Its integrated solutions are deployed worldwide and contribute to the safety and security of transportation, data, people and states. Sagem Securite is a fast growing company with an annual growth over 15 % in the last two years. Sagem Securite is already present in the US through Sagem Morpho, Inc. which develops and sells secure identification systems incorporating various biometric technologies including fingerprint, palm prints, iris and facial recognition either through OEM relationships with major U.S. integrators such as Northrop Grumman and Lockheed Martin, or through its own direct relationships with customers. SMI's U.S. customers for these systems include both law enforcement and civil agencies such as New York State Division of Criminal Justice Services, Missouri State Highway Patrol, New York State Office of Temporary and Disability Assistance, U.S. Drug Enforcement Agency, New York Police Department Central Records Division,, FBI Latent Laboratory, FBI Criminal Justice Information Services, U.S. Army Crime Lab). Sagem Securite has 4,300 employees in over 24 countries in 2008. For more information, http://www.sagem-securite.com/ Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE:MOT) had sales of US $30.1 billion in 2008. For more information, please visit http://www.motorola.com/ DATASOURCE: SAFRAN CONTACT: Media Contacts: Kelly Harder, Motorola, Inc., +1-312-209-0123, ; Catherine Malek, SAFRAN, +33(0)1-40-60-80-28, ; Investor Relations Contacts: Dean Lindroth, Motorola, Inc., +1-847-576-6899, ; Quy Nguyen-Ngoc, SAFRAN, +33(0)1-40-60-80-45,

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SAF Safran SA