Dépêches

HiQ International: HiQ Wins New SEK 13.1 Million Order from FMV

Dépèche transmise le 15 août 2011 par Business Wire

STOCKHOLM--(BUSINESS WIRE)--Regulatory News:

“HiQ has worked with FMV and the Swedish Armed Forces for more than a decade and a half. This latest assignment involves developing systems further and integrating systems in the best, most cost-effective way in order to satisfy current training requirements for JAS training simulators”

HiQ (STO:HIQ) has received a new order from FMV, the Swedish Defence Materiel Administration. The SEK 13.1 million order is for the maintenance of simulators for training fighter pilots on the JAS 39 Gripen.

“HiQ has worked with FMV and the Swedish Armed Forces for more than a decade and a half. This latest assignment involves developing systems further and integrating systems in the best, most cost-effective way in order to satisfy current training requirements for JAS training simulators,” says Anders Nilsson, Managing Director of HiQ Mälardalen.

The simulators, which are used to train both Swedish and foreign pilots to fly the JAS 39 Gripen, are developed in parallel with the aircraft itself. Simulators are used for flight training and tactical training of pilots, and also for training technical personnel. The advantage of flying a simulator rather than a real aircraft is that the costs of a pass in a simulator are considerably lower. In addition, personnel can be trained for situations that cannot be carried out during a real flight for safety reasons.

“As I see it, the agreement with FMV demonstrates how much our client values the quality and expertise that we offer not just in the development of training simulators, but also in modelling and simulation. We are also very proud of our close partnership with the rest of the defence industry in this area – a partnership that we have deepened further in recent years. Training simulators for the JAS 39 Gripen represent advanced technology that requires knowledge not only of the domain concerned, but also specialist expertise in technical communication, integration, testing and simulation – which in our case are enhanced by a close working relationship,” says Anders Nilsson.

“HiQ has many years’ experience of working on high-tech training simulators. With the rapid developments in technology, we expect demand for expertise in simulation technology to remain strong – both for military and for civil applications. We are naturally very proud of our strong partnership with FMV,” says Lars Stugemo, President of HiQ International.

HiQ is an IT and management consultancy company focusing on high-tech solutions in the fields of communications, software development and simulation technology. The company is a leading player in these fields and the Nordic region is its domestic market. HiQ employs more than 1,200 people at offices in the Nordic region and Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap. For more information, please visit www.hiq.se

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