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Armor Holdings Buys Swiss-Photonics

Photonics.com
Apr 2006
JACKSONVILLE, Fla., April 7, 2006 -- Armor Holdings Inc., a manufacturer of armored vehicles and other security products, announced today it is acquiring forensic optical equipment maker Swiss-Photonics AG. Terms of the deal were not disclosed.

Swiss-Photonics, through its trade name, Projectina, manufactures specialized equipment used to verify document authenticity and detect counterfeit currency and makes crime lab microscopes used to evaluate ballistics and bullet casings. Projectina also develops optical subsystems for electronic OEMs. Based in Heerbrugg, Switzerland, and founded in 1946, Projectina serves the forensics, homeland security and crime scene markets predominantly in Europe and Asia. The company generated revenue of approximately $9.2 million in 2005, Armor Holdings said in a statement.

Armor Holdings President Robert R. Schiller said in the statement that the company expects to increase Projectina's business in the US while expanding its own presence in Europe and Asia.

For more information, visit: www.armorholdings.com



GLOSSARY
armor
A protective jacket added to an optical fiber to facilitate use in harsh environments. Armor usually consists of steel or aluminum and is placed between the fiber and its outer jacket.
optical
Pertaining to optics and the phenomena of light.
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