Kratos Enters into Strategic Partnership with Colas Ltd. and Royal Truck & Equipment to Deploy Unmanned Driverless Technology in the United Kingdom for Increased Safety of Roadside Workers

July 19, 2018

SAN DIEGO, July 18, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) has entered into a strategic teaming agreement with Colas Ltd., a leading international contractor specializing in the design, construction, and maintenance of roadways, tunnels, and bridges, and Royal Truck & Equipment, a leading truck equipment up-fitter to support nationwide deployment of the Autonomous Impact Protection Vehicle (AIPV) in the United Kingdom, an unmanned vehicle system. 

The World’s first AIPV was deployed by the Kratos/Colas/Royal team in the United Kingdom in August 2017 and was immediately recognized as a game-changing innovation to increase safety for workers on roadway operations.   The AIPV uses driverless technology, developed by Kratos for national security related applications, to increase safety in the roadside construction operations by eliminating the need for a human to drive a required safety vehicle, called an Impact Protection Vehicle (IPV).  A conventional IPV is designed as a mobile crash barrier to protect workers and equipment in the work zone.  The Kratos system converts the IPV into a driverless AIPV, removing the driver from the dangerous task of driving a vehicle designed to be crashed into by vehicles as large as cargo transport trucks or lorries.

This formal alliance is an important step in facilitating efforts to move toward nationwide UK deployment of the AIPV as standard equipment to support road construction operations.  The team will ensure that the AIPV aligns with in-country regulations and will contribute to the promotion of the system to ensure that stakeholders are aware of the critical importance of this innovative safety system.  

Steve Fendley, President of Kratos USD, said, “Colas and Royal are both leaders in their industries with Colas being a world leader in Road Construction/Maintenance and Royal Trucking a leading provider of IPVs.  Kratos USD is a world leader in unmanned control systems. We are collectively committed to making the roadway work zone a safer environment for workers. By utilizing our unmanned systems technology integrated with Royal’s IPVs, and leveraging Colas’ experience in roadway operations, greatly improved safety can be achieved through this strategic partnership and the systems we will provide. We are extremely proud that the AIPV is being used for highway safety in the UK. We fully expect that this unmanned technology we have developed and deployed will be able to save lives in the UK, the USA, and in many locations as we expand throughout the world.”   

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises.  Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

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Source: Kratos Defense & Security Solutions, Inc.

 

Kratos Receives Approval for Deployment of Unmanned Autonomous Safety Vehicles on Public Roadways

June 21, 2018
Unmanned Ground System Adapted from Autonomous System Originally Developed by Kratos for Military Ground Robotics Applications is “First” to Receive Such Approval for State-Wide Deployment

SAN DIEGO, June 21, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) recently received confirmation that its Autonomous Impact Protection Vehicle (AIPV), also known as the Autonomous Truck Mounted Attenuator (ATMA), has officially been approved for autonomous operation on public roadways in the first of many planned states in the USA for roadway line painting operations.  This is a landmark accomplishment that transitions the AIPV from the validation phase of deployment to standard safety critical equipment ready for operational use with trained roadside construction crews.   

The Kratos AIPV is a first-of-its kind work zone vehicle designed in partnership with Royal Truck & Equipment Company to advance safety for roadway maintenance crews. Positioned behind road construction crews, it provides a layer of protection to workers from the traveling public.  The AIPV increases work zone safety by removing the driver from a dangerous assignment of driving the vehicle designed for the specific purpose of being a mobile crash barrier.

According to the Federal Highway Administration, nationwide, there is a work zone crash on average every five minutes, resulting in approximately 70 injuries every day.  In many cases the driver of the standard Impact Protection Vehicle (IPV) is also injured, sometimes severely.  The Kratos developed system provides protection for the roadway maintenance crews while taking the IPV driver out of the seat, significantly reducing risk to those individuals. 

The AIPV system was adapted from an autonomous Leader/Follower system Kratos Defense originally developed for military ground robotics applications enabling an unmanned “follower vehicle” to follow the path of a human-driven “leader vehicle”.  The AIPV Leader/Follower system is an electro-mechanical retrofit kit that includes an advanced navigation system accurate to +/- 6 inches and operational in both GPS and GPS-denied operation.  Additional system components include an encrypted Vehicle-to-Vehicle (V2V) communications system, advanced front- and side-view obstacle detection/avoidance, an active safety system, redundancy, and several user definable controls.  During operation, velocity, heading, and position information from the leader vehicle is transmitted to the unmanned AIPV in packets of data called eCrumbs.  The transmitted data enables the AIPV to know precise position, speed, and direction of the leader vehicle as it travels along the intended route.       

Kevin Ferguson, General Manager of Kratos MSI, said, “This is yet another significant milestone accomplishment in the emerging unmanned highway safety market, and Kratos is leading the way.  Kratos is the world’s first to operate an autonomous safety vehicle in a roadway work zone, and this accomplishment is the result of our continued strategy to expand and offer life-saving products in that important area, and our ability to develop and implement new technology at an affordable cost.”   

Steve Fendley, President of Kratos Unmanned Systems Division, said, “This is another ‘first’ achieved by Kratos, and it illustrates our commitment and success with internally funded development and the fielding of unmanned systems targeted at a range of both military and civil needs. We will be deploying these systems worldwide over the coming years, we are extremely proud to have developed and implemented this life saving technology, and we are looking for this business to be another key long term growth driver for Kratos.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

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Source: Kratos Defense & Security Solutions, Inc.

 

Kratos Receives $10.2 Million Unmanned Drone Systems Contract Award from U.S. Government Agency

June 13, 2018

SAN DIEGO, June 13, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) recently received a sole source single award engineering services contract with a maximum potential value of $10,200,000 from a U.S. Government Agency related to unmanned drone systems and associated command, control, and communications.  The contract has a period of performance of 5 years. USD is an industry leader in the rapid design, development and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical, combat and target applications. Work under this contract will be performed at secure Kratos’ facilities and at government locations.  Due to competitive, customer related and other considerations, no additional information will be provided at this time.

Steve Fendley, President of Unmanned Systems Division, said, “This recent contract award is an important component of the ongoing execution of our unmanned systems strategy that we have successfully pursued.  All of Kratos’ Unmanned Systems Division is proud to support this long term National Security customer.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 31, 2017, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

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Source: Kratos Defense & Security Solutions, Inc.