Profits surge as innovative product development continues

Hesco has emerged from 2014 in a stronger position, reporting a healthy increase in turnover from £20million to over £25million for 2015.

Last year Hesco began investing in new product innovation and the success of this proactive innovative action is highlighted in these financial results and reflected in the expansion of the Group’s activities into new markets.

Hesco Armor, Inc. has been hugely successful in securing new business in its first year; the acquisition of the ballistic resistant body armor company took place 2014 and Hesco Armor, Inc. have secured a share of a $49.5M indefinite delivery/indefinite quantity (IDIQ) body armor contract to supply the next generation of Small Arms Protective Inserts (SAPI) to the US Army.

Michael Hughes, CEO said;

“This activity is just one area where we are fulfilling our commitment to expand into new markets. Our Financial Statements reveal an increase in turnover, which shows a promising sign that our strategy of investment and diversification is working. We remained committed to building upon our strong reputation as the market leader in our niche sector and building on the success of our new products in the ballistic armor and flood protection arena."

Other significant new product innovations that are contributing to Hesco’s growth include a new flood product called JACKBOX™ and FRONTLINE™ a range of perimeter security products. JACKBOX is a lightweight, non-metallic and recyclable flood barrier. Each JACKBOX unit is light, self-supporting and can be recycled. FRONTLINE is a series of ground-mounted, hostile vehicle mitigation security fences engineered to provide a rapidly deployable high-level security fence.

Rigorous testing for the JACKBOX was undertaken both in the United States and at a 300 metre; international white-water rafting course in Teeside, originally built to train 2012 Olympians, re-configured with eddies and slaloms. With the ability to simulate and control the force of flash flooding, the facilities were closed off from public use as Hesco deployed barriers to build dams and obstacles to test the product against the extreme.  The product is now being successfully deployed to assist with flood protection.

Hesco continue to work in flood protection projects across the world and continue to work with leading security and peacekeeping organisations, provided protection of people and assets whenever and wherever it is needed.