AXISCADES Technologies Ltd. and Cilas S.A. announce Strategic Defense Partnership

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a leading Indian defense technology solutions provider, and Cilas S.A., the French expert in lasers for high-value fields, have officially signed a Memorandum of Understanding (MoU) to jointly promote advanced Counter-Unmanned Aerial System (C-UAS) technologies to the Indian Forces. At the heart of this partnership is the introduction of Cilas' cutting-edge high-energy laser weapon system, Helma-P, through close cooperation and a robust working relationship.

Under the terms of the MoU, AXISCADES will design the overall system architecture tailored to the specific requirements of the Indian Army. Both partners will focus on the codevelopment and integration of a vehicle-mounted C-UAS solution, in which the powerful Helma-P laser will be seamlessly incorporated into AXISCADES' state-of-the-art command and control system.

Dr. Sampath Ravinarayanan, Founder, Chairman and Managing Director of AXISCADES, commented, "Cilas' Helma-P is recognized globally as one of the foremost hard-kill options, having successfully deployed in vital operations for NATO, during the Olympic games in Paris, and the French Navy. We are confident that such a proven, state-of-the-art solution is crucial for strengthening India's defense capabilities. In alignment with the Atmanirbhar Bharat (selfreliance) initiative, we are committed to locally integrate the Cilas Helma-P solution in our indigenous C2 and onto an Indian platform. AXISCADES is also committed to localize the necessary maintenance equipment and take part into the manufacturing of Helma-P, in order to ensure its production and sustainability within India."

Mr. Oliver Prat, CEO, Cilas said "AXISCADES' expertise in engineering is well-known in the French defense ecosystem, and they have been among the precursors in India to enter antidrone warfare, with impressive orders from Army. Thus, it is with great pleasure that Cilas is teaming up with AXISCADES to explore how to serve the dynamic Indian market. Aware of the importance of self-reliance, Cilas will redeem the trust of Indian Army by entering a strong and long-lasting collaboration with its partner. Let's make it!"

This agreement signifies a significant step forward in fostering joint innovation, and deeper defense cooperation between India and France. It underscores both companies' shared vision of delivering world-class security solutions and supporting the modernization of Indian defense forces.

Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 1549.05 as compared to the previous close of Rs. 1554.65. The total number of shares traded during the day was 8308 in over 694 trades.

The stock hit an intraday high of Rs. 1580.00 and intraday low of 1515.20. The net turnover during the day was Rs. 12862096.00.

Source : Equity Bulls

Keywords

AXISCADESTechnologies INE555B01013 MoU StrategicDefensePartnership CilasSA