Abu Dhabi, February 22nd, 2023

Elettronica and ETIMAD Holding signed a Strategic Partnership for the establishment of ILS Hub for EW systems in UAE. By the signature of this agreement ELT will cooperate with Etimad Holding and its Subsidiaries to establish in UAE an Integrated Logistic Hub for EW systems, as unique solutions to the End User. EH and its subsidiaries will provide repair and maintenance of the ELT’s EW system on exclusive basis together with ELT and will help ELT to sale its products by combining their mutual capabilities to provide services as per users’ requirements/demands. Moreover both parties will jointly cooperate for the localization of the system integration and command and control of ELT’s sensor and actuators. Enzo Benigni, President and CEO of Elettronica expressed full satisfaction within this agreement: “Our relationship with UAE is very deep and we keep working to make it stronger. That’s why I’m honoured to sign this Strategic Partnership Agreement with ETIMAD, a very important holding based in UAE Signing this agreement is only a step forward, we will keep cooperate, sharing and enrich our capabilities.” Khalid Al-Ali, Etimad Holding CEO expressed the excitement to this agreement: “By signing this agreement, Etimad expands its strategic partnership with purpose to add in-country value to UAE. This agreement is first milestone to a long-term strategic cooperation between Elettronica and Etimad. I’m pleased to have Elettronica as our partner and looking for our cooperation.”