HI SHEAR TECHNOLOGY CORP

HI SHEAR TECHNOLOGY CORP

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Company Overview
Hi-Shear Technology Corp. is an American company engaged in the design and manufacture of pyrotechnic, mechanical, and electronic products for the aerospace industry, national defense and other applications where pyrotechnic power is desirable. The company was incorporated in 1993 and has its registered headquarters located in Torrance, California.
The company develops and produces advanced systems and products that are used primarily in space satellites and satellite launch vehicles, exploration missions, strategic missiles, tactical weapons, advanced fighter aircraft and military systems. It manufactures pyrotechnic power cartridges and various types of separation devices (including cutters, pin pullers, separation nuts and separation bolts) that are used in the functioning of satellites and the vehicles, which launch them into space. In addition, the company also manufactures and designs electronic firing systems that are used in missiles, launch vehicles, weapon systems, fighter aircraft ejection seats and other applications. Its customers include such names as Lockheed Martin, The Boeing Company, the US Army, the US Navy, the US Air Force, and NASA.
The company is an industry leader in ordnance ultra low shock mechanisms, cartridge-actuated and propellant-actuated devices (CAD/PAD). It has an up-to-date facilities in Santa Clara, California that encompass 10 acres for energetic material storage and pyrotechnic mixing/blending and a 50,000 square feet production area. Its manufacturing and executive offices are located in Torrance, California in a 76,000 square foot building organized for electronic, mechanical, and pyrotechnic manufacturing, testing and assembly operations.
Business Summary
Hi-Shear Technology Corporation (Hi-Shear) designs and manufactures pyrotechnic, mechanical and electronic products for the aerospace industry, national defense and other applications where pyrotechnic power is desirable. Its products are primarily used in space satellites and satellite launch vehicles, exploration missions, strategic missiles, tactical weapons, advanced fighter aircraft and military systems. Customers, such as the military, satellite manufacturers, launch vehicle assemblers, United States Government departments and agencies, including National Aeronautics and Space Administration (NASA), foreign space agencies, and others in the aerospace and defense business use Hi-Shear’s products. Hi-Shear’s products consist primarily of pyrotechnic power cartridges and various types of separation devices. In November 2009, Chemring Group plc completed its acquisition of the Company.
Description and history
Hi-Shear Technology Corporation (Hi-Shear), incorporated in 1993, designs and manufactures pyrotechnic, mechanical and electronic products for the aerospace industry, national defense and other applications where pyrotechnic power is desirable. Its products are primarily used in space satellites and satellite launch vehicles, exploration missions, strategic missiles, tactical weapons, advanced fighter aircraft and military systems. Customers, such as the military, satellite manufacturers, launch vehicle assemblers, United States Government departments and agencies, including National Aeronautics and Space Administration (NASA), foreign space agencies, and others in the aerospace and defense business use Hi-Shear’s products. In November 2009, Chemring Group plc completed its acquisition of the Company.

Hi-Shear’s products consist primarily of pyrotechnic power cartridges and various types of separation devices, with the strength to fasten two structures under rigorous conditions and then provide quick release upon command. Hi-Shear cartridges, cutters, pin pullers, separation nuts and separation bolts are used in the functioning of satellites and the vehicles, which launch them into space. In addition, it designs and manufactures electronic firing systems that control and sequentially fire the pyrotechnic devices according to pre-programmed parameters. These electronic devices and pyrotechnic products are used in missiles, launch vehicles, weapon systems, fighter aircraft ejection seats and other applications.

Pyrotechnic Cartridges/Initiators

Hi-Shear designs, markets and manufactures pyrotechnic power cartridges/initiators and explosive detonators. These power cartridges are hermetically sealed electro-explosive devices that are compact, lightweight, environment and corrosion resistant. The power cartridge provides the energy to operate the Company’s separation devices, pin pullers, thrusters, actuators and cutters. These devices are used to separate rocket motors, nose cones, satellites, open satellite doors, payload fairings, operate valves, deploy solar panels, booms, communications antennae, missile fins, and stage separation on many launch vehicles. Hi-Shear manufactures the NASA standard initiator used throughout its space exploration missions and the Space Shuttle.

Cartridge Actuated Devices

Hi-Shear’s cartridge actuated devices are mechanical gas-activated products for use on satellites, launch vehicles, missiles and other space vehicles. These devices include separation nuts, separation bolts, thrusters, wing/fin actuators, cutters, valves, pin pullers and other devices. They are designed for use as standard high strength fastening hardware with the ability to separate and/or release components or structures on command. These devices provide the low shock mechanical action required for rapid separation or deployment of structures or components in multistage launch vehicles, such as satellites, payload fairings, nose cones, capsules, booster rockets, tanks, solar arrays, antenna booms and other devices. In addition to pyrotechnic cartridge activated devices, the Company manufactures a line of electrically driven ultra low shock separation nuts for satellite applications where an alternative to pyrotechnic activation is desirable. Hi-Shear also manufactures mechanical sub-components used on satellites to aim the satellites onboard communications array and other components for space vehicles and weapons systems according to customer supplied detailed designs and testing requirements.

Electronic Products

Hi-Shear is a supplier of electronic products that fire pyrotechnic and/or explosive charges. The Company supplies electronic safe arm fuses for various military programs. The Company’s Patriot (PAC-3) missile system safe arm fuse is used to fire explosive elements contained in the PAC-3 missile. This dual function safe arm fuse is a key operational component onboard each missile launch. The PAC-3 high performance anti-missile batteries are deployed with the United States Army and its allies throughout the world to protect against enemy missile attack.

Hi-Shear manufactures both the electronic Mark 58 Acoustic Firing Device and its master control unit, the Mark 92 Acoustic Firing Code Transmitter, for use by the United States Navy. This ordnance firing system utilizes acoustic signals for underwater demolition and is used by Navy divers to dispose of sea mines, limpet mines, sonobuoys and torpedoes. The Firing Code Transmitter is the portable electronic console that is operated on the oceans surface to remotely control the operation of the firing device. The Company supplies to the United States military and its allies around the world an ejection seat control unit and the ordnance devices that the control unit signals to fire. These devices are sold for use on the United States Air Force ACES II crew ejection seat installed in many fighter and bomber aircraft, including the A-10, B-2, F-15 and F-16. The ejection seat utilizes multiple ordnance devices that deploy parachutes, rockets and other events necessary for the pilot’s ejection from the aircraft. Hi-Shear also manufactures various ejection seat modification kits and other items used in the ejection system that are supplied to the military services according to their detailed specifications and requirements.

Business Line
Engaged in the design and manufacture of pyrotechnic, mechanical, and electronic products for the aerospace industry, national defense and other applications where pyrotechnic power is desirable
Subsidiary

Advisor
RAIMONDO PETTIT GROUP
IPO date
3/1994
US SIC Code
3764
Company Address
24225, Garnier Street

City province or state postal code
90505, TORRANCE, CA
Phone: +1 310 784 2100
Fax: +1 310 325 5354
Country address: UNITED STATES OF AMERICA
Website url: www.hstc.com