New Focus to Benefit World Leading Satellite SAR Business
Lanham, MD, April 27, 2020 – Techno-Sciences, Inc. (TSi) announced today that it has acquired Orolia’s Global Satellite Search and Rescue (SAR) business. This transaction will enable TSi’s Satellite SAR business, leadership and expert staff to focus almost exclusively on Satellite SAR, and better serve their global customer base and the international search and rescue community as a whole. Following this acquisition, TSi now holds a world-leading position in Satellite SAR with more than forty years of experience in delivering life-saving technology to its customers.
This acquisition was completed as a Management Buy Out (MBO) and brings the entire Orolia Satellite SAR team and its wealth of knowledge and experience into TSi. Existing customers can expect a continued focus and improvement of the already outstanding customer service experience and support that they have today. By leveraging its deep-seated experience in the SAR operational space, TSi will be able to deliver technology solutions better than ever before to its global clientele.
“All of our team members at TSi are as excited as I am to be part of this new chapter,” said TSi CEO Steve Ludwig. “As an independent company, we will be able to enhance our focus on Search and Rescue systems and solutions to meet the evolving, mission-critical needs of our global markets and customer base.”
The TSi team has been leading the development of global search and rescue programs for over forty years, reaching a major milestone with the world’s first operational Medium-altitude Earth Orbit Search and Rescue (MEOSAR) system in 2011, and capturing over sixty percent of the global MEOSAR market ever since. To date, 75 percent of the Earth’s surface is monitored by TSi’s MEOSAR systems.
Originally founded in 1975, TSi is an advanced technology company located in the Washington, DC region. With a strong R&D foundation and a global presence, the company creates and delivers unique, innovative products and engineering solutions worldwide. TSi has a long-standing history of service to both government and industry customers. Contact Techno-Sciences, Inc. today to learn more and visit our website at www.technosci.com.