Revision Military, already known for the innovative protection systems for the battlefield, especially for Head Protection, are expanding their capabilities, acquiring Canada-based Panacis which makes power management products for military applications. No details on how much is the acquisition price and if Panacis will retain its name. But with wearable computing in both civilian and military markets getting to be the rage, positioning the company to be able to power up those wearable devices looks like a good bet. Press release below:

REVISION EXPANDS INTEGRATED SOLDIER SYSTEM CAPABILITY THROUGH ACQUISITION OF POWER MANAGEMENT TECHNOLOGY COMPANY

Montreal, QC (February 25, 2014) – Revision Military, a world leader in protective soldier solutions, has expanded its capabilities by adding power management to its roster of integrated technologies, through the acquisition of Panacis, an Ottawa-based company focusing on Lithium ion rechargeable energy storage systems.

Advanced, electronic battlefield equipment such as networked radios, night-vision systems, GPS, smart phones and laptops, while increasing situational awareness and capability within smaller units, comes with the challenge of sustaining power for these devices, ideally without the weight and complexity that numerous types of batteries present.

“The opportunity for an integrated power management system that provides flexible storage and power management that can be easily adapted to a wide range of mission scenarios is extensive” said Jonathan Blanshay, CEO of Revision. “We are pleased to add power management – the ability to store, deliver, harvest, and share energy – to our roster of technologies in support of fully integrating electronic equipment while lessening the battery burden on soldiers”.

Revision has been working collaboratively with Panacis on several projects, including reviewing power support for the “Prowler” Human Augmentation system and development of a conformal battery housed on the helmet developed for Natick under the HEaDS-UP ATO program, among a number of other initiatives where next generation energy management is crucial to soldier performance.

“We are delighted to be part of Revision Military and are looking forward to bringing our technological expertise, intellectual property, engineering strength and global program experience to provide highly efficient energy management and storage systems to the warfighter”, said Steve Carkner, founder and CTO of Panacis. “We welcome the opportunity that Revision offers to further commercialize our current products as well as new product ideas in support of Integrated Soldier Systems”.

“The expertise the Panacis team brings to the Revision portfolio of capability will allow Revision to offer a much more complete solution package to both users and partners such as Prime contractors” said Richard Coomber, Revision Military’s VP of Integrated Systems. “By integrating power, data management and protection in flexible ways Revision aims to become the solution provider of choice on a range of platforms. The history the Panacis and Revision teams bring in working together means that we can hit the ground running and deliver on our current projects and the exciting new ones our team can tackle, many of which are already in the pipeline”.

The acquisition is effective February 21, 2014, and the energy solutions team will continue to operate from Ottawa.

ABOUT REVISION

Revision develops and delivers purpose-built protective soldier equipment for military use worldwide. The company, which began with eyewear, has expanded to face, head and torso protection and continues to develop innovative capabilities for integrated, performance-enhancing soldier systems. To that end, Revision brings together the most advanced expertise, state-of-the-art facilities and finest technical minds. Privately owned and ISO 9001:2008 certified, Revision’s operational headquarters is located in Essex Junction, Vermont, USA, with additional offices in Luxembourg and Canada. For more information, www.revisionmilitary.com, write [email protected], or call +1 252-288-5805.