|ST Kinetics, Paramount Group Sign Collaboration Agreement|
|Tue, 19 June 2012 08:32|
ST Kinetics and Paramount Group announced at Eurosatory Exhibition (Paris, 11-15 June 2012) a strategic collaboration to market a family of high mobility armored wheeled vehicles.
Under the agreement, the two companies will pool their expertise to jointly market, manufacture and support a family of protected wheeled vehicles.
ST Kinetics and Paramount Group recognize that modern conflicts demand highly protected wheeled vehicles with superb mobility that can increase the survivability of the crew and ensure mission success. The collaboration, which brings together the strengths of these two companies, will address the market needs for such highly protected and vastly maneuverable vehicles. It will allow their respective customers to enjoy highly cost effective solutions through global best sourcing and localized through-life support.
Resulting from this collaboration is a comprehensive range of wheeled vehicles for military and homeland security applications. These include ST Kinetics’ highly maneuverable and network-enabled TERREX 8x8 Armored Personnel Carrier, and Paramount Group’s mine-protected and highly mobile MBOMBE 6x6 Armored Fighting Vehicle, MAVERICK 4x4 Internal Security Vehicle, MARAUDER 4x4 Wheeled Troop Carrier and MATADOR 4x4 Multi-role Mine Protected Vehicle.
“ST Kinetics and Paramount Group each has a proven track record in the design and development of land systems vehicles. This partnership allows us to bring together the reputable products of Paramount Group with our capabilities in systems integration and manufacturing to offer cost effective protected mobility solutions to our customers,” said Sew Chee Jhuen, President, ST Kinetics
“Our collaboration with ST Kinetics represents an invaluable springboard into the Asia-Pacific region for Paramount Group. We are both ambitious, innovative businesses which understand our customers’ needs and the changing demands of modern defense and peace-keeping. Our in-region partnership means that we can be very quick to market and very quick to respond to customers’ changing needs,” said Ivor Ichikowitz, Executive Chairman, Paramount Group.