Saab awarded contract for civil marine traffic services system in Hong Kong

Defence and security company Saab has been awarded the contract to completely
renew the existing Hong Kong Vessel Traffic Services System by the Government of
Hong Kong Special Administrative Region. The order value is MSEK 360 (HKD 400
million).
The Vessel Traffic Services System enables operators of the Hong Kong Marine
Department to monitor the complex shipping in real-time and to provide vessel
traffic services within the Hong Kong waters.

“This contract underscores the confidence that our customer has in our civil
traffic management offer and our abilities to implement such a complex project.”
says Gunilla Fransson, head of business area Security and Defence Solutions,
“State-of-the-art sensor technologies , advanced multi-sensor data fusion and
display processing systems will make this project a success.”

The busy Hong Kong waters present a challenging environment with a complicated
shipping mix. Super large container vessels interact with other types of
vessels, whilst navigating through limited water space, within the major
fairways. These vessels have to interact with dense local traffic such as high
speed ferries and fishing vessels. To enhance the navigational safety, the
traffic must be tracked and monitored in real-time within Hong Kong territorial
waters, with hundreds of islands scattered throughout the area adding to the
challenge of providing a clear operational overview.

This contract is another important milestone in Saab's presence in the Asia
Pacific region and Saabs civil traffic management business, and will be
delivered during 2015 and 2016. This project follows in a long line of similar
projects around the world over the past 20 years, including the existing system
of Hong Kong Marine Department that Saab’s subsidiary HITT Traffic supplied in
2002. Other notable projects include systems for the ports of Rotterdam,
Taizhou, and Wenzhou and large scale civil surveillance systems covering the
coast of India and rivers in China.

Development and production will take place in Apeldoorn (NL), Hong Kong and
Linköping (Swe).

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018,
presscentre@saabgroup.com (presscentre@saabgroup.com) (presscentre@saabgroup.com
) 

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Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers’ changing needs.

The information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
submitted for publication on 9 October 2014 at 05.00 (CET).