OIS Advanced Technology (OIS-AT) and Rafaut of France have entered into an additional agreement where OIS-AT and Rafaut have agreed to manufacture aircraft pylons in India in OIS-AT's manufacturing facility in the National Capital Region.

Aircraft pylons are advanced technology items for aircraft to carry weapons, including bombs and missiles. The companies have also agreed to establish a joint research & development facility in India to cater to customized Indian requirements.

"We are pleased that Rafaut has agreed to support establishing a manufacturing line for advanced aircraft pylons in our manufacturing facilities. When combined with our agreement to jointly establish a Research and Development lab to cater to the special requirements of the Indian military, is in support of the Government of India's Make In India program", said Sanjay Bhandari, Chairman and Managing Director of OIS Advanced Technology.

(Continued on the next page)