FOR IMMEDIATE RELEASE
Remington Arms Company to
Distribute Advanced License Plate Reading Technology
through Joint Venture
Madison, NC – Remington Arms Company, Inc. signed a
joint venture agreement to enter into the License Plate
Reading (LPR) business in the United States and Canada
with Elsag S.p.A., a Finmeccanica company. Under this
agreement, the two companies will form a joint venture to
market, sell and provide service for this advanced LPR
system under the name Remington Elsag Law Enforcement
Systems, L.L.C. which will be headquartered in Madison,
Consistent with previously made announcements, Remington
is broadening its core offerings to the domestic security
marketplace by entering into this agreement with Elsag.
This cutting-edge LPR technology will provide a new means
for local, state and provincial law enforcement agencies
to utilize advanced technologies to assist their goals of
providing better, more effective security to the people of
the United States and Canada.
About the partners:
Remington is a leading manufacturer of firearms,
ammunition and accessories for the sporting goods, law
enforcement and military markets. Headquartered in
Madison, North Carolina, Remington is owned by two private
equity groups, Bruckmann, Rosser, Sherrill & Co. L.L.C.
and Clayton, Dubilier & Rice, Inc., both based in New York
City, New York.
Elsag S.p.A., a Finmeccanica-held company, is one of
Italy’s leading providers of Information Technology. With
almost a hundred years experience in helping companies
successfully meet the challenge of industrial evolution,
Elsag is capable of developing and selecting technologies
and solutions that deliver competitive edge. Elsag
addresses its business offerings to several markets:
Defense and Security, Public Administration,
Transportation, Utilities and Postal.
Finmeccanica S.p.A., based in Rome, is the Italian leader
in advanced technologies. Production activities are
concentrated in aeronautics, helicopters, space and
defense. Finmeccanica also has important production
facilities and well-established skills in fields including
transportation, energy and information technology. Key
player in the European industry, Finmeccanica has a
growing position in North America. Finmeccanica is listed
on the Milan Stock Exchange.
Remington Elsag Law Enforcement Systems can be reached at
(800) 243-9700 or (866) 286-4503 or visit our web site at
( www.remingtonelsag.com ) for additional information.