Exail takes note of the termination of the SEA 1905 program by Australia

The company Exail Technologies, formerly known as Groupe Gorgé, has officially taken note of the Australian government's decision to interrupt the SEA 1905 program, intended for 3rd generation mine warfare. This shutdown is the consequence of a reassessment of Australian defense programs, influenced by budgetary restrictions.

Despite this conclusion, Exail expressed its gratitude to the Australian government for being selected as one of the main consortia vying for this project. The company says it maintains its commitment to Australia, with the intention of meeting the future needs of the Australian armed forces with its cutting-edge navigation and autonomous systems technologies.

Furthermore, Exail Technologies' management remains positive about the continuation of its overall business activities and confident in its ability to achieve its medium-term growth objectives.