ST Kinetics And Paramount Group To Join Forces On Armoured Vehicles
12:00 AM, June 12, 2012
Two of the biggest names in defense have announced a strategic partnership to market high mobility armoured wheeled vehicles. ST Kinetics and Paramount Group have agreed to pool their expertise to jointly market, manufacture and support a family of protected wheeled vehicles. Both companies recognize that “modern conflicts demand highly protected wheeled vehicles with superb mobility that can increase the survivability of the crew and ensure mission success,” a statement issued by both companies said. Together ST Kinetics and Paramount Group will address the market needs for such highly protected and vastly manoeuvrable vehicles. The collaboration will address a comprehensive range of wheeled vehicles for military and homeland security applications including ST Kinetics' highly manoeuvrable and network-enabled TERREX 8x8 Armoured Personnel Carrier, and Paramount Group's mine-protected MBOMBE 6x6 Armoured Fighting Vehicle, MAVERICK 4x4 Internal Security Vehicle, MARAUDER 4x4 Wheeled Troop Carrier and MATADOR 4x4 Multi-role Mine Protected Vehicle. "ST Kinetics and Paramount Group each has a proven track record in the design and development of land systems vehicles. This partnership allows us to bring together the reputable products of Paramount Group with our capabilities in systems integration and manufacturing to offer cost effective protected mobility solutions to our customers," said Chee Jhuen, President, ST Kinetics. "Our collaboration with ST Kinetics represents an invaluable springboard into the Asia-Pacific region for Paramount Group. We are both ambitious, innovative businesses which understand our customers' needs and the changing demands of modern defence and peace-keeping. Our in-region partnership means that we can be very quick to market and very quick to respond to customers' changing needs, " said Ivor ICHIKOWITZ, Executive Chairman, Paramount Group.
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