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Hi-Shear Technology (HSR)
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8-K

  • 8-K (Dec 1, 2009)
  • 8-K (Sep 16, 2009)
  • 8-K (Jul 16, 2009)
  • 8-K (Jul 8, 2009)
  • 8-K (Dec 17, 2008)
  • 8-K (Oct 10, 2008)

 
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Hi-Shear Technology 8-K 2009

Documents found in this filing:

  1. 8-K
  2. Ex-3.1
  3. Ex-3.2
  4. Ex-99.1
  5. Ex-99.2
  6. Ex-99.2

Exhibit 99.1

 

CHEMRING GROUP PLC COMPLETES ACQUISITION OF

HI-SHEAR TECHNOLOGY CORPORATION

 

25 November 2009

 

Chemring Group PLC announces that it has successfully completed its acquisition of Hi-Shear Technology Corporation (“Hi-Shear”), having received the necessary approvals. The acquisition was first announced on 16 September 2009.

 

Hi-Shear, based in Los Angeles, USA, is a leading manufacturer of high reliability energetic solutions that perform critical functions in key US space and defence programmes, including satellites, space launch vehicles, missile defence and aircrew egress. Its products include low shock pyrotechnic satellite separation systems, space-qualified initiators, electronic missile safe/arm devices and acoustic initiators for underwater explosive ordnance disposal (EOD) applications.

 

For further information:

 

Dr David Price

 

Chief Executive, Chemring Group PLC

 

01489 881880

Paul Rayner

 

Finance Director, Chemring Group PLC

 

01489 881880

Rupert Pittman

 

Cardew Group

 

020 7930 0777

 

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