First Merchants Corp
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Financials : Banks | Small Cap Value
Company profile

First Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes approximately 109 banking locations in Indiana, Ohio, Michigan and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers. The Company operates in a single business segment, which is community banking. Through the Bank, the Company offers a range of financial services, including accepting time, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services.

Closing Price
$40.59
Day's Change
-2.13 (-4.99%)
Bid
--
Ask
--
B/A Size
--
Day's High
42.16
Day's Low
39.83
Volume
(Average)
Volume:
161,205

10-day average volume:
156,005
161,205

Telerob, an AeroVironment Company, Receives Multi-Million Dollar Unmanned Ground Vehicle Order from Latvian Ministry of Defense

9:10 am ET September 28, 2021 (BusinessWire) Print

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced that its wholly owned subsidiary, Telerob Gesellschaft fur Fernhantierungstechnik mbH (Telerob), received a multi-million dollar firm-fixed-price order from the Latvian Ministry of Defense (MoD). The order, received on July 8, 2021, encompasses the procurement of telemax(TM) EVO HYBRID and tEODor(TM) EVO unmanned ground vehicles (UGVs) and engineering support to the Latvian National Armed Forces. Delivery is scheduled to be completed in late 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210928005260/en/

"Every year, Latvian Explosive Ordnance Disposal forces neutralize ammunitions of various caliber rifles, artillery shells, minesweepers, aviation bombs and other explosive objects by the thousands," said Brian Young, AeroVironment vice president and product line general manager of unmanned ground vehicles. "With the deployment of Telerob's telemax EVO HYBRID and tEODor EVO UGVs, Latvian Explosive Ordnance Disposal units can continue to detect, identify, disarm and render safe explosive devices found throughout the territory of Latvia, as well as in international peacekeeping operations, and they can do so safely and efficiently from a greater standoff distance."

The tEODor EVO is purpose-built for explosive ordnance disposal and disarming improvised explosive devices. The UGV features a 6-axis manipulator with telescopic reach, is heavy-lift capable (220 pounds/100 kilograms) and can precisely handle hazardous materials with a 12-inch (300 millimeter) gripper that features an integrated laser rangefinder, video input and data interface. Its dual-track drive system with independent high-torque motors allows it to traverse multiple gradients, high obstacles, or steep inclines.

The telemax EVO HYBRID is a versatile UGV with compact dimensions and a strong lift capacity up to 82 pounds (37 kilograms). It features a 6-axis precision manipulator with Tool Center Point Control to give operators humanlike control and a 4-track drive system with auto-leveling to easily handle multiple gradients, gaps and terrains. The telemax EVO HYBIRD is also equipped with HD Pan/Tilt/Zoom cameras that produce razor-sharp images with four simultaneous video feeds.

To learn more about Telerob, an AeroVironment Company, advanced ground robotic solutions, visit https://www.avinc.com/ugv/unmanned-ground-vehicle-solutions.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.

ABOUT TELEROB, AN AEROVIRONMENT COMPANY

Telerob is a leading manufacturer of defense and homeland security solutions based in Ostfildern near Stuttgart, Germany. The product range includes remote-controlled unmanned ground vehicles for disarming improvised explosive devices and investigating CBRN hazards, fully equipped service vehicles, as well as mobile system solutions ensuring the safety and security of critical infrastructure and people. For more information, visit https://www.telerob.com/en/.

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005260/en/

SOURCE: AeroVironment, Inc.

Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
pr@avinc.com 

Mark Boyer
For AeroVironment, Inc.
+1 (213) 247-4109
mark@boyersyndicate.com
comtex tracking

COMTEX_394167743/1006/2021-09-28T09:10:00

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