Investor and Analyst Briefing November 2014 · •Acquired in May 2014 for £51.4m •Forensic...
Transcript of 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.
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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…
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
Integrated Ballistics Identification System
IBIS TRAX HD3D
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
Projectina equipment
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
Q&A
3Phoenix
Company Overview
Presented by Andy Liverman
November 2014
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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
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OMS200_Progress V. 17Dec2013
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1 OMS200 mast units
2 OMS200 peripherals
3 Camera System Pictures SWIR-VISRef: see separate file
OMS200 mast
with US antenna
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
Product/systems integration on multiple platforms
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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
© 2014 Ultra Electronics: Proprietary Data
Product/systems integration on multiple platforms
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
Torpedo Warning System (TWS) systems integration
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• 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
© 2014 Ultra Electronics: Proprietary Data
UE3P relationships
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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
© 2014 Ultra Electronics: Proprietary Data
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
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Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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
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Q&A
From then to now and beyond…
Presented by Ross Parsell November 2014
An Introduction to Sonar Systems
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
The sonar market
Ultra Electronics
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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
© 2014 Ultra Electronics: Proprietary Data
• Digital telemetry
• In-buoy and remote processing
• Hydrophones
• Receivers
• GPS
• Integrated sonar
• Open architecture
Key technology drivers
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
Q&A
Andrew Nanson
Chief Technology Officer - Cyber
November 2014
Ultra Cyber Protection
Ultra Electronics
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
© 2014 Ultra Electronics: Proprietary Data
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
Q&A