Barco Forms New Company

In response to the growing demand for Barco resources in classified programs for U.S. government and military customers, Barco is establishing a wholly owned U.S. company named Barco Federal Systems Corporation (BFS).

Barco has experience in supplying technology for many government and military programs through its business divisions. BFS will allow the company to respond in more areas and more quickly meet the stringent demands of this market. BFS will have a U.S.-based board of directors and management team, with autonomous control and influence over BFS. BFS will continue an ongoing financial relationship with Barco.

"The corporate infrastructure to support the new company is being developed in cooperation with the U.S. Department of Security Services," said Dave Scott, president of Barco North America.
BFS will be headquartered in Duluth, GA, where Barco has a research and development, manufacturing and service facility, and should be operational by March 1, 2006. Development of the company infrastructure has already begun and the existing Barco facility in Duluth will be modified to create a separate, controlled access area for BFS.