Completion of Acquisition


 

TIDMCHG 
 
RNS Number : 0272D 
Chemring Group PLC 
25 November 2009 
 

FOR IMMEDIATE RELEASE   25 NOVEMBER 2009 
 
 
 
 
CHEMRING GROUP PLC COMPLETES ACQUISITION OF 
HI-SHEAR TECHNOLOGY CORPORATION 
 
 
 
 
 
 
Chemring Group PLC announces that it has successfully completed its acquisition 
of  Hi-Shear Technology Corporation ("Hi-Shear"), having received the necessary 
approvals. The acquisition was first announced on 16 September 2009. 
 
 
Hi-Shear, based in Los Angeles, USA, is a leading manufacturer of high 
reliability energetic solutions that perform critical functions in key US space 
and defence programmes, including satellites, space launch vehicles, missile 
defence and aircrew egress. Its products include low shock pyrotechnic satellite 
separation systems, space-qualified initiators, electronic missile safe/arm 
devices and acoustic initiators for underwater explosive ordnance disposal (EOD) 
applications. 
 
 
 
 
 
 
For further information: 
 
 
+--------------------+---------------------------------------+---------------------+ 
| Dr David Price     | Chief Executive, Chemring Group PLC   | 01489 881880        | 
+--------------------+---------------------------------------+---------------------+ 
| Paul Rayner        | Finance Director, Chemring Group PLC  | 01489 881880        | 
+--------------------+---------------------------------------+---------------------+ 
| Rupert Pittman     | Cardew Group                          | 020 7930 0777       | 
+--------------------+---------------------------------------+---------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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