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A New Force in Armoured Systems Announced; Marshall Land Systems and Plasan Form Joint Venture

The 50:50 JV will be based in the UK with both companies having an equal number of board members. It will be a free standing company reporting to the boards of both Marshall Land Systems and Plasan. It is intended that the JV will be MLS's main centre for armouring excellence capitalising on Plasan's undoubted world leading capability in armour.

"This JV is a major step in the development of Marshall Land Systems' offering to the defence and security community and enables us to provide an even more integrated solution to our customers, with Plasan, a world leader in survivability and armour solutions" said Peter Callaghan, Chief Executive of Marshall Land Systems.

"Marshall Land Systems expertise and knowledge, and the respect with which it is held, makes it the ideal partner for Plasan, as we seek to provide even better armour protection to our defence customers in the UK," said Dani Ziv, Chief Executive of Plasan .

The JV will be working to provide a credible alternative solution for the supply of armour solutions to the end user, vehicle prime contractors and OEMs.

About Marshall Land Systems

Marshall Land Systems (MLS) is part Marshall Group, a large (GBP750M) family owned independent group of companies involved in the automotive, aerospace and land systems areas. Headquartered inCambridge UK, Marshall Group can trace its history back to 1909.

MLS specialises predominantly in defence vehicle and shelter design, manufacture, integration and product support. MLS has three major components, which design and produce shelters and specialist vehicles, manufacture vehicle load beds and a specialist design division which carries out UOR work, EOD, EMI, EMC, Safety Cases and Consultancy.

Further information is available at http://www.marshall-ls.com

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About Plasan

Plasan is an international company engaged in the design, development, and manufacture of state-of-the-art, lightweight, ballistic armour protection products and integrated survivability systems. It has rapidly become a key global manufacturer and integrator of comprehensive armour solutions used on various light military vehicles, APCs, personal protection equipment, rotary and fixed-wing platforms, as well as naval vessels.

Plasan's survivability solutions offer a unique optimization between protection, payload and cost by combining in-house R&D, design, prototyping, testing and manufacturing capabilities. Plasan's unique products are at the heart of proven passive armour protection systems which are operationally proven and used by defence, law enforcement and security personnel inEurope, the U.S.,Asia and theMiddle East.

Plasan has been involved in a number of major Equipment Programme and UOR armouring projects for the UK market since 2003 including the Wheeled Tanker, HET, Viking and Chinook, and most recently the Medium Tactical Support Vehicle, Husky, produced by Navistar Defense which is equipped with a Plasan survivability solution designed specifically to meet UK operational requirements offering enhanced protection from ballistics threats, mines and roadside bombs.

    Further information is available at http://www.plasan.com

    Contact:

    Yael Arnin
    Marketing Manager
    Tel +972-0)4-809001 Ext #2146
    Mob +972-0)-42872146
    arnin@plasan.com
    http://www.plasan.com

    Hadas Weizman
    Media Relations Manager
    Mob: +972-54)2872110
    hadasw@plasan.com
    http://www.plasan.com

    Tim Otter
    Future Business Director
    Tel +44-0)-223-73079
    Mob+44-0)-748-90802
    tim.otter@marshall-ls.com
    http://www.marshall-ls.com

    Mark Broughton
    Marontech Communications
    Tel: +44-0)1428-47979
    Mob: +44-0)7880-06345
    mark.broughton@marontech.co.uk
    http://www.marontech.co.uk

SOURCE Plasan