Investor and Analyst Briefing November 2014 · •Acquired in May 2014 for £51.4m •Forensic...

Investor and Analyst Briefing

November 2014

Company Overview

Presented by René Bélanger

November 2014

Forensic Technology

Ultra Electronics

© 2014 Ultra Electronics: Proprietary Data

Ultra Electronics Forensic Technology

• Acquired in May 2014 for £51.4m

• Forensic Technology pioneered automated ballistics identification over 20 years ago

– continues to be a leader in forensic ballistics and firearms identification technologies

– founded in 1992 and has 260 employees located in 6 offices.

• IBIS - Integrated Ballistics Identification System has more than a 90% market share.

• Safeguard, encompasses all post-sale support services.

• Projectina AG, acquired in 2011, has expertise in optics, document examination and microscopy.

http://www.google.ca/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=QjdAt99fpKR4eM&tbnid=E0eo8O7GLWt5GM:&ved=0CAUQjRw&url=http://www.forensictechnology.com/about/&ei=0yVpUrKfN8Lu2gWGp4CwBA&bvm=bv.55123115,d.b2I&psig=AFQjCNFrGlXkgfeWixDeNAOhYgmiu5bdxg&ust=1382709068732627

Ultra Electronics


Main partners and major clients

• Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) part of United States Department of Justice for the

– management of the National Integrated Ballistics Network (NIBIN) programme

• INTERPOL and the Interpol Ballistics Information Network (IBIN)

• In the UK, National Ballistics Intelligence Service (NABIS)

• South African Police Service (SAPS)

• Procuraduría General de la República (PGR) of Mexico

• and many more…

http://www.nabis.police.uk/

http://en.wikipedia.org/wiki/File:SouthAfricanPS.gif

Ultra Electronics


Integrated Ballistics Identification System

IBIS TRAX HD3D

Ultra Electronics


Projectina equipment

Ultra Electronics


IDAAS – Identity Document Authentication &

Alerting System a growth opportunity • Combines

– IBIS image acquisition and correlation technology

– Projectina expertise in optics.

• Re-defines authentication of travelling documents

• Investment accelerated since acquisition by Ultra Electronics

• Commercialisation potential increased by Ultra internal collaboration

Ultra Electronics


Sales pipeline and growth opportunity

• Replacement of Heritage 2D and older TRAX equipment

• Continued penetration of existing and new markets:

– IBIS is currently in half of the crime laboratories in the U.S.

– U.S. market for police department crime units is almost untapped.

– large portion of the crime laboratories outside the U.S. have yet to purchase a ballistic imaging system.

• Recurring Safeguard revenues:

– the 5-year ATF maintenance contract

– International SafeGuard programs.

•New in investments in Projectina

– “Vision X” comparison microscope

– document examination product

– IDAAS

3Phoenix

Company Overview

Presented by Andy Liverman

November 2014

Ultra Electronics


UE3P overview

• Established 2004 and acquired in February 2014 for £43.8M

– 209 Employees in 3 Locations

• 3 Phoenix is a Tier 2 System Integrator with 4 principal business areas

– Towed Arrays

– Torpedo Warning Systems

– Imaging Systems

– Radar and Electronic Warfare

11 5NOV14 © 2012 CASSIDIAN OPTRONICS

A Cassidian and Carl Zeiss company - All rights reserved Page 2

Title / Name

Date

OMS200_Progress V. 17Dec2013

No Progress Item

1 OMS200 mast units

2 OMS200 peripherals

3 Camera System Pictures SWIR-VISRef: see separate file

OMS200 mast

with US antenna

Ultra Electronics


Product/systems integration on multiple platforms

12 5NOV14

TORPEDO WARNING SENSORS

TORPEDO WARNING FIRE

CONTROL

PERISCOPE DETECTION

RADAR

Aircraft Carriers

PHOTONICS MASTS FAT LINE

TOWED ARRAYS THIN LINE TOWED ARRAYS

EW ARCHITECTURE

Submarines

Ultra Electronics


Product/systems integration on multiple platforms

Ultra Electronics


Torpedo Warning System (TWS) systems integration

14 5NOV14

• UE3P developed:

– wet end sensor system (Towed Array)

– in-board processing electronics

– target acquisition software

• UE3P integrated, tested, delivered, and installed sub-systems from other contractors:

– weapon (anti-torpedo torpedo) – ARL Penn State

– weapons launcher – Pacific Engineering

– fire control software – In-Depth Engineering

– array handling system – Rolls-Royce

24 months from CNO UON to at-sea installation

Ultra Electronics


UE3P relationships

15 5NOV14

Torpedo Warning System

Towed Array Countermeasure

TB-29A Towed Array

TB-34 Towed Array

Multi-Function High Resolution Radar

VA Radar Command and Control

Low Profile Photonics Mast

EW Antenna

EW Digital Architecture

Ultra Electronics


Forensic Technology

Maritime Systems

Avalon Systems Advanced Tactical Systems

Sonar Systems

Ocean Systems

Torpedo Warning Systems

Exports & International Sales

Optical Imaging Systems

Towed Arrays

Electronic Warfare

Ultra Collaboration

5NOV14 16

Ultra Electronics


Recent wins / near term opportunities

• Since acquisition by Ultra Electronics

– Two TB-29 iPen Towed Arrays

– Torpedo Warning System Engineering Services

– Virginia Class Radar Command and Control Software

– Thin Line Towed Array Cost Reduction

– Real Time Data Fusion and Visualization

• Outstanding bids with awards to be made in 2015

– Low Profile Photonics Mast

– TB-34 Submarine Towed Arrays

• 2014/2015 bids in progress

– Shallow Water Surveillance System

– TB-29 Submarine Towed Arrays

– Torpedo Warning System Follow On

– Common Acoustic Cabinet

17 5NOV14

From then to now and beyond…

Presented by Ross Parsell November 2014

An Introduction to Sonar Systems

Ultra Electronics


The sonar market

Ultra Electronics


Ultra Sonar business today

• Defined offerings today

– Integrated Sonar System

– Countermeasures

– Airborne processing

– Sonobuoys

• Delivered to the market through 3 business models

– commodity supply

– bespoke programmes

– long-term support

Forerunner in the market through the sustained investment

Ultra Electronics


• Digital telemetry

• In-buoy and remote processing

• Hydrophones

• Receivers

• GPS

• Integrated sonar

• Open architecture

Key technology drivers

Ultra Electronics


Integrated Sonar System

• Australian Warfare Destroyer

• ISS is a world first

The Integrated Sonar System represents the world’s best in digital, integrated sonar

systems and is the only one of its kind.

MULTIPLE SENSOR, ONE SONAR.

Ultra Electronics


Integrated Sonar Systems a game changer

• Significance of ISS

• Opens up new markets

– new platforms

– software upgrades

– retro fit

• Future developments

• Routes to upgrades

• New export sonars

Andrew Nanson

Chief Technology Officer - Cyber

November 2014

Ultra Cyber Protection

Ultra Electronics


Investing in ourselves

• Two years ago Ultra was the same as other companies.

– assumed its security measures were sufficient to protect its trade secrets, intellectual property and sensitive customer data.

• Having a Board that understands engineering meant there was significant insight to the impact of ‘cyber’.

• Investment to develop a capability to protect Ultra’s trade secrets, our customers sensitive data and our supply chain was launched

• Our success has opened commercial opportunities

Ultra Electronics


The case for reality

• Typically an IT Manager will spend 1 hour per day on IT Security

– reset passwords, patch the systems, check the logs, rebuild the laptop, delete the virus

• hope for the best

• The IT Manager is trying to defend against

– foreign intelligence

– state-sponsored attacks

– professional hackers

– hacktivists (such as Anonymous)

• this is not a fair fight

• Su Bin – Owner of a Chinese aviation technology company.

• Charged with stealing data relating to ‘dozens of US military projects’

• Targeted Boeing (C-17 Globemaster) – Bin spent $435k setting up attack.

• Exfiltrated 630,000 files, which equated to 15 years of R & D.

Ultra Electronics


Anatomy of an attack

• Firewalls and anti-virus are vital. But they are not enough.

• Advanced evasion techniques are used to enable attackers to compromise hosts without detection. These methods take advantage of normal user permitted activities.

Initial compromise

Establish “base”

Internal recon

Move laterally

Do “stuff”

Valid looking traffic

Ultra Electronics


What Ultra does differently

• Ultra has devised a business-focused cyber-defence capability

– preparing the business for the breach – which is an inevitability

– focussing on what the impact to the business is

• what information has been stolen or modified by an attacker?

• who is behind the attack

– intelligence driven activity

• acquiring and generating timely, actionable intelligence

– proactively hunting for a compromise, not hoping a “clever box” will tell you it is there.

– developed capability to ensure that the detection, analysis and recovery is supported by intelligence.

Ultra has created a business-driven cyber-defence service

Ultra Electronics


Ultra investment

• Intelligence Management – ensuring timely, actionable intelligence is in play

• Continuous process improvement – ensuring that we learn lessons and look for opportunities to further innovate

• Benefits from Day 1 – because cyber security should do that

• Innovative detection and analysis – through combination of intelligence and technology

Ultra Electronics


Delivering the services

• Forensic readiness

– because it will happen and a successful business can articulate what occurred and recover quickly.

• Threat landscape monitoring

– knowing how many attacks, where they are coming from and how sophisticated they are should drive your defensive response.

• Attack-surface management

– because proactively reducing opportunities for attackers will result in a lesser compromise when it takes place.

• Incident response

– quantifying the security incident as it occurs and recovering the situation.

• Our Ultra “safety-net” prevents attacks across 5 continents.

Ultra Electronics


Our internal service

• Relied upon by our companies to manage the problem.

• Constantly innovating because it needs to, to keep up with the attackers and to provide benefit to our business.

• In the last 20 months Ultra has significantly improved the security surrounding information that underpins the success of this Group.

• We are a safe company to do business with.

• Which presents an opportunity

Intelligent business defence

Mark Turvey

CORVID

Why Corvid?

• Because we have developed and proved this for ourselves

• We are a cyber company

• We have the most rigorous demands our security

How?

• Selection of the products and services to suit the needs and budgets

• Single vulnerability scan to fully inclusive managed service

The Corvid tool set

• Security architecture review

• Forensic readiness assessment

• Corax

• On-going security service

• Incident response

Intelligent delivery

www.intelligentbusinessdefence.com

Ultra’s Intelligent business defence

Thank you

Investor and Analyst Briefing November 2014 · •Acquired in May 2014 for £51.4m •Forensic...

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Transcript of Investor and Analyst Briefing November 2014 · •Acquired in May 2014 for £51.4m •Forensic...