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4-Traders Homepage  >  Equities  >  Euronext Paris  >  SAFRAN    SAF   FR0000073272

SAFRAN (SAF)

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SAFRAN : Morpho Detection Partners with Angel Flight Northeast

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08/20/2013 | 03:13pm CEST
20.08.2013
Morpho Detection Partners with Angel Flight Northeast

PRESS RELEASE

Nonprofit coordinates free air transportation to life-saving medical care for patients nationwide

WILMINGTON, Mass. - August 20, 2013 - Morpho (Safran), through its subsidiary Morpho Detection, Inc., today announced it has partnered with Angel Flight Northeast, a nonprofit that coordinates free air transportation for patients to access life-saving medical care.

As a result, Angel Flight Northeast will be able to coordinate more than 60 additional flights for patients who need to access life-saving medical care that would normally be out of their reach. Angel Flight Northeast coordinates approximately 90 flights each week.

"Morpho Detection is proud to support Angel Flight Northeast's goal of helping those most in need access life-saving medical care," said Karen Bomba, president and CEO, Morpho Detection, Inc. "For more than 20 years, Morpho Detection has been committed to helping airline passengers reach their destinations safely. Partnering with Angel Flight Northeast and helping the people they serve is an important extension of this commitment."

"We are honored to have Morpho Detection join our Partners for Life Program," said Larry Camerlin, president, Angel Flight Northeast. "Morpho's goal of developing solutions to ensure safe, secure air travel aligns directly with Angel Flight Northeast's mission of ensuring distance is never a barrier to those who require access to life-saving medical care that is not readily available to them."

Morpho Detection will be a Platinum Title Sponsor for Angel Flight Northeast's 2013 Ride for Angels (www.rideforangels.net), a noncompetitive charity cycling event, taking place on Sunday, September 8, 2013 at the Lawrence Municipal Airport in North Andover, MA. Morpho Detection will also be recognized as a Silver Wings Sponsor of Angel Flight Northeast's 16 Annual Evening of Angels Gala at the Seaport Hotel Boston on Friday, November 22, 2013.

For more information on Morpho's detection products, visit www.morphodetection.com.

* * * * *

About Morpho Detection, Inc.

Morpho Detection, Inc., part of Morpho, Safran's (PAR: SAF) security business, is a leading supplier of explosives and narcotics and chemical, radiological, and nuclear detection systems for government, military, air and ground transportation, first responder, critical infrastructure and other high-risk organizations. Morpho Detection integrates computed tomography, Raman spectroscopy, trace (ITMS™), mass spectrometry, X-ray and X-ray Diffraction technologies into solutions that can make security activities more accurate, productive and efficient. Morpho Detection's solutions are deployed to help protect people and property the world over.

For more information: www.morpho.comwww.safran-group.com Follow @MORPHO_NEWS on Twitter

About Angel Flight of New England

Angel Flight of New England, Inc. (d/b/a Angel Flight Northeast) was founded in 1996 to provide free flights to children and adults in need of critical medical care who do not have the resources to access other means of transportation. Approximately 40% of AFNE's patients are children suffering from life-threatening cancer, severe burns, or crippling diseases. AFNE flies patients for as long and as often as they need to travel, with no limit on the number of flights provided. AFNE also transports free of charge blood and organs for patients awaiting organ transplants. For more information about Angel Flight Northeast, contact us at 978-794-6868 or visit our website at www.angelflightne.org.

Morpho Detection, Inc.
Press Contact:
Scott Factor
+1-216-233-8551
sfactor@morphodetection.com

Angel Flight NE
Press Contact:
Barbara Sica
+1-978-794-6868
wecare@angelflightne.org

PRESS RELEASE

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Financials (€)
Sales 2017 16 925 M
EBIT 2017 2 372 M
Net income 2017 1 601 M
Debt 2017 35,9 M
Yield 2017 2,26%
P/E ratio 2017 17,16
P/E ratio 2018 16,10
EV / Sales 2017 1,72x
EV / Sales 2018 1,55x
Capitalization 29 092 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 70,4 €
Spread / Average Target 0,94%
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Philippe Petitcolin Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
Xavier Lagarde Director
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