SOURCE: Nammo AS

February 12, 2009 17:30 ET

Nammo Talley acquires Composite Solutions

RAUFOSS, NORWAY--(Marketwire - February 12, 2009) -


Composite Solutions, LLC, Murray, Utah and Nammo Talley, Inc., Mesa, Arizona announced today the acquisition of Composite Solutions by Nammo Talley. Terms of the transaction were not disclosed.

Composite Solutions has over 20 years of experience in the design and manufacture of technically challenging composite structures for commercial, aerospace and defense markets. Nammo Talley, a member of the Norway based Nammo Group since 2007, has been involved in the design and manufacture of components and systems based upon the creative application of energetic materials and devices since the 1950s.

The addition of Composite Solutions to the Nammo family expands the technical offerings that Nammo Talley can offer its aerospace and defense customer base and further diversifies the company through addition of Composite Solutions commercial customers.

Composite Solutions will continue to be led by its Founder and President, Brian Lundy, who has agreed to remain with the company. Mr. Lundy will now report to Nammo Talley's President and CEO, Steven Wegener. The company will be a wholly owned subsidiary of Nammo Talley and its operations will remain in Murray, Utah.

The Nammo Group is an international defense group specialized within design and production of ammunition, shoulder fired weapon systems, rocket motors and demilitarization. The Nammo Group has 1800 employees in 6 countries.

For further information, please contact:

Nammo Talley, Inc Steven Wegener, President and CEO Telephone: +1 480-898-2231 www.nammotalley.com

Composite Solutions, LLC Brian Lundy, President Telephone: +1 801-269-0998 www.composite-solutions.com


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