From April 11 to April 14, one of the most important military exhibitions of Asia, DefExpo India 2018, Chenai, was held. The exhibition takes place every two years and has already become one of the largest events in the world in the last 10 years. The exhibition covered arms, equipment and equipment for the ground and naval forces, including air defense and electronic warfare equipment, army aviation, dual-use products. This year's event was held under the "Made in India" moto, which was marked by Prime Minister of India - Narendra Modi. This event emphasized India's serious intention to join the largest manufacturers of military equipment.
At the exhibition this year, 677 companies presented their products, of which 523 Indian companies represented their products, and other companies are producers of foreign countries. Together with the largest manufacturers of military weapons, Spaitech also displayed its products. During the last few years Spaitech has confidently reached the international level and has won the interest of many foreign partners with its unique products that have no analogues in the world. Our complexes are already used and provide safety in real combat conditions.
At the DefExpo India Exhibition 2018, Spaitech exhibited its products at the stand of its Indian partners. Representatives of international delegations, the Indian Army, the Indian Air Force, the Indian Navy, the military attaché at the Indian Embassy, the Minister of Defense of India, the ambassadors of different countries and other visitors got acquainted with our improved models of the Sparrow and Sparrow LE aerial systems, which significantly expanded its functionality in the hardware and software parts. All interested persons and delegations evaluated the provided opportunities for the Company's products, and also expressed the desire and readiness to use the complexes produced by Spaitech. Besides, the capabilities of our aircrafts allow to satisfy even the most demanding customer, because functional characteristics of aviation complexes are limited only by the wishes of customers. Moreover, the samples presented at the exhibition, visitors learned about the possibility of ordering other manufactured complexes, the complete set of each UAV of the Company, the unique capabilities of each product, and received all the information they wanted to start promising and mutually beneficial cooperation.
In addition, during the exhibition negotiations were held with our Indian partners, as a result of which agreements were reached on the intention to manufacture Unmanned Aerial Vehicles of the Spaitech company in India, at the end of which a corresponding memorandum was signed.
The results of the exhibition proved once again the demand for products produced by Spaitech worldwide, as well as the Company's readiness to ensure global security without reference to countries and territories.