Safran to open new R&T center, Paris-Saclay

Paris, January 20, 2014

Safran's strategy is based on innovation and technology-driven differentiation. This strategy now moves to a new plane with the creation of a center dedicated to research, technology and innovation. Scheduled to open by the end of the year, it will consolidate Safran's corporate R&T and innovation teams, and focus on the development of new technologies for use by all of Safran's business sectors.

The new center, dubbed Paris-Saclay, is located south of Paris and will enable increased synergies with Saclay, the leading science and technology cluster in France.

Safran's new Paris-Saclay facility will eventually count some 1,500 employees, including 300 scientists and technologists, along with engineers and technicians from other Safran entities currently located in the greater Paris area (especially Safran Engineering Services and Aircelle). The center is also designed to eventually welcome outside research teams working on subjects that complement Safran's areas of industrial research, to form a top-tier research complex.

Through this new R&T center, Safran will be able to accelerate technological breakthroughs in aerospace, digital technology, materials, processes and sensors.

"With this new center, Safran takes its R&T activities to a whole new plane, by fostering technological synergies between our different companies," said Jean-Paul Herteman, Chairman and CEO of Safran. "We will be boosting our investments in key disciplines for our aerospace, defense and security businesses by a full 25 percent."

Safran invests some 12% of its revenues in R&D (amounting to €1.6 billion in 2012), including about one-third for research and technology. Ranked Number 3 in France for the number of patents filed in 2013 (with 750 patents/year on average), Safran was also named one of the Top 100 Global Innovators by Thomson-Reuters.

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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 68,000 employees and generated sales of 10.5 billion euros in the first nine months of 2013. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditure equivalent to 12% of revenue. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.

For more information, www.safran-group.com / Follow @SAFRAN on Twitter

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Press Contacts
Catherine MALEK
Tél +33 (0)1 40 60 80 28
catherine.malek@safran.fr

Caroline COUDERT
Tél +33 (0)1 40 60 82 20
caroline.coudert@safran.fr