Groupe Gorge SA (FR:EXA) has released an update.
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Exail Technologies has secured a significant 60 million euros contract to supply the Belgian and Dutch navies with hundreds of K-STER underwater drones for mine clearance missions, marking the largest order in the company’s history and signaling a move to industrial-scale production. The drones, integral to the UMIS mine clearance system, will be produced in Ostend, Belgium, benefiting from economies of scale. The deal underscores Exail’s business model of generating long-term revenue through contracts for consumables, maintenance, and system improvements in maritime robotics.
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