Ultra sponsors DND/NSERC Collaborative Research and Development (CRD) collaboration with Simon Fraser University

16 JULY 2014

Ultra Electronics Maritime Systems Inc. (Ultra) is pleased to announce that it has signed a Collaborative Research Agreement with the Natural Sciences and Engineering Research Council (NSERC), the Department of National Defence (DND) and DefenceResearch and Development Canada (DRDC), and Simon Fraser University (SFU). This three-yearinitiative is worth in cash and in kind, approximately $1.15M with Ultra contributing $500K, NSERC$420K and DND/DRDC $225K.

This Partnership is just one facet of the Ultra’s Strategic Aerospace and Defence Initiative (SADI)agreement entered into with Industry Canada. The SADI agreement provides long-term fundingallowing Ultra to undertake a six-year $27.4M internal research and development (R&D)programme that will provide competitive advantage against international competition in the fastgrowing,military towed, low-frequency, active-passive market. Ultra has done similar partneringwith other Canadian community colleges and universities such as the Nova Scotia CommunityCollege (NSCC), Dalhousie University and the University of New Brunswick (UNB).

Specifically, the research with SFU will explore the use of Micro-Electrical-Mechanical Systems(MEMS) as accelerometers for incorporation into thin-line high fidelity directional sensors. It isenvisioned that MEMS technology can be used to produce these sensors with significantly reduceddiameters allowing for lighter and more manageable towed arrays.

ABOUT SIMON FRASER UNIVERSITY
Simon Fraser University is consistently ranked among Canada's top comprehensive universitiesand is one of the top 50 universities in the world under 50 years old. With campuses in Vancouver,Burnaby and Surrey, B.C., SFU engages actively with the community in its research and teaching,delivers almost 150 programs to more than 30,000 students, and has more than 130,000 alumni in130 countries.

ABOUT ULTRA ELECTRONICS MARITIME SYSTEMS INC.
Ultra Electronics Maritime Systems Inc. (Ultra) is an international leader in the development ofequipment and systems for undersea surveillance and anti-submarine warfare (ASW). Establishedin Dartmouth, Nova Scotia, Canada in 1947, Ultra delivers sophisticated sonar systems to naviesaround the world including Multi-static Active Passive Sonar for the Dutch Navy, an IntegratedSonar Suite for the Royal Australian Navy, and the UK Surface Ship Torpedo Defence System forthe Royal Navy. Ultra provides unique engineering, development, manufacturing, test, evaluation, Page 2 of 2and management capabilities to develop and deliver advanced electronic, electromechanical, andunderwater sensor systems. For more information on Ultra, please visit www.ultra-ms.com

ABOUT INDUSTRY CANADA
Industry Canada works with Canadians in all areas of the economy and in all parts of the country toimprove conditions for investment, enhance Canada's innovation performance, increase Canada'sshare of global trade and build a fair, efficient and competitive marketplace. For more informationon Industry Canada, please visit http://www.ic.gc.ca/eic/site/icgc.nsf/eng/home

ABOUT NSERC
NSERC is the primary funding agency supporting Canada’s science and engineering researchcommunity. The agency supports almost 30,000 post-secondary students and post-doctoral fellowsin their advanced studies. NSERC promotes discovery by funding approximately 12,000 professorsevery year and fosters innovation by working with over 2,800 Canadian companies that areparticipating and investing in post-secondary research projects. For more information on NSERC,please visit http://www.nserc-crsng.gc.ca/

ABOUT DEFENCE RESEARCH AND DEVELOPMENT CANADA (DRDC) ATLANTICDRDC
Atlantic is one of eight research centres operated by Defence R&D Canada, an Agency ofthe Department of National Defence. DRDC Atlantic has world-leading expertise in antisubmarinewarfare, mine and torpedo defence, maritime information systems, air and naval platformtechnology, power sources, emerging materials, signature management, virtual platforms andcombat systems, autonomous underwater systems and technology insertion. More informationabout DRDC can be found at http://www.drdc-rddc.gc.ca/en/index.page

Enquiries:
Fred Cotaras, Ultra Electronics Maritime Systems
+1 902 466 7491

Dr Behraad Bahreyni
Simon Fraser University
+1 778 782 8694