Efthimios Katsidis named CEO of Vectronix AG

Paris, February 4, 2014

After six years as Chief Executive Officer of Vectronix AG, a Swiss subsidiary of Sagem (Safran), Jean Harter has decided to leave this position and allow the company to kick off its next development phase under a new CEO.

To ensure a smooth transition, and in agreement with Sagem, Jean Harter will serve as Advisor to the new CEO, prior to retiring later this year.

"On behalf of both Safran and Sagem, I would like to extend my warm thanks to Jean Harter for his vital contribution to the development of Vectronix AG, especially in the United States," said Bruno Even, CEO of Sagem. "The company has undergone major changes since 2007, thanks to the strategic and commercial strategy applied by Jean. Today, he hands the baton to Efthimios Katsidis, with whom he has worked closely for the last few years."

Efthimios Katsidis replaced Jean Harter as Chief Executive Officer of Vectronix AG on February 1, 2014.

Efthimios Katsidis, 50, holds a Master of Science degree (1986), and started his career as a software development engineer with Grossenbacher Elektronik in Switzerland. He then held several management positions in Switzerland and France, especially with the SEFAR group. Specialized in the reorganization of production units at international companies (mergers, divestments and restructuring operations), he was a partner-consultant with ASP Inteco AG for several years. In February 2008, Efthimios Katsidis joined Vectronix AG as Vice President for Operations.

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Sagem , a high-tech company of Safran, holds world or European leadership positions in optronics, avionics, electronics and safety-critical software for both civil and military markets. Sagem is the No. 1 company in Europe and No. 3 worldwide for inertial navigation systems (INS) used in air, land and naval applications. It is also the world leader in helicopter flight controls and the European leader in optronics and tactical UAV systems. Operating across the globe through the Safran group, Sagem and its subsidiaries employ 7,500 people in Europe, Southeast Asia and North America. Sagem is the commercial name of the company Sagem Défense Sécurité.

For more information: www.sagem.com

About Vectronix AG. Vectronix is an established leader in the development and manufacturing of integrated handheld, mounted, module, and precision systems for observation, detection, geo-positioning, and targeting solutions. Leveraging core competencies in electro-optics, laser range finding, and northfinding technologies, Vectronix supports the requirements of defense and law enforcement as well as industrial and commercial markets. Headquartered in Heerbrugg Switzerland, Vectronix AG is owned by Sagem (Safran) and maintains two subsidiaries with four branches in the US.

For more information : www.vectronix.ch

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92659 Boulogne-Billancourt Cedex - France

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