HANZA signs large agreement with Apstec Systems®

HANZA Holding AB (publ) has signed an agreement with Apstec Systems for the delivery of complete security products to an initial value of approximately 12 MSEK.

HANZA has been responsible for industrializing Apstec Systems Human Security Radar®, The First Real-Time Fully Automatic Mass People Screening Solutionthat enables detection of weapons and explosive devices to protect crowded places from terrorist attacks and can be used on a broad, global scale.

HANZA has now signed a multi-year manufacturing agreement with an initial order of approximately 12 MSEK. The production will begin immediately and will be located at HANZA’s manufacturing site in Tartu, Estonia, which is part of the manufacturing cluster in Eastern Europe. The order will be delivered in full during the second and third quarter of 2018.

“Apstec Systems is introducing to the market unique and ground-breaking technology, which will improve the safety from terrorist attacks for millions of people worldwide. HANZA is delighted to be able to play its part in this initiative” says Thomas Lindström, Senior Vice President HANZA.

Apstec Systems develops and sells innovative security products in the field of real-time security screening and protection. The system is the result of advanced research and development by leading experts in radio physics, electronics and software development. www.apstecsystems.com

“It was important for us to work with an organization that could rapidly scale production of a very sophisticated product in order to meet demand from our customers and partners globally”, said David Kellerman, Chairman of Apstec Systems. “HANZA’s modern and efficient manufacturing solutions suit us well and they have helped us to industrialize the product to quickly get it out on the market and scale our production.”