Following the acquisition of the business and assets of VR Technology Holdings (“VR”), a market leader in diving rebreather systems and dive computers, in April 2013, Avon is pleased to announce the award of two development contracts:-
· A contract award with Defence Science and Technology Laboratory (DSTL), which develop new technologies for the UK MoD, for diving rebreather design work.
· A contract award with Oceaneering, a large oil field services and products company, for a new generation of advanced deep-water data loggers.
Commenting, Peter Slabbert, Avon’s Chief Executive said ‘We acquired VR to broaden our reach in the global respiratory protection market. These contracts together with our own R&D investment in innovative new diving technologies and products will provide increased opportunities for the Group, in particular with navies around the world.’