Madison, NC (PRWEB) August 26, 2004
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, North Carolina.
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 ItalyÂs 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 ( http://www.remington-elsag.com ) for additional information.