FUNA International Appoints Greg Dauberger as Senior Vice President of Sales

FUNA logoStedinger Str. 11

26723 Emden

Tel.: +49 4921967 0

Fax: +49 4921 967 100

Contacts:

Europe - Ulrich Roehrl, SAM Electronics, +49 (0) 40 8825 2110

North America - Brian Paiva, FUNA International, +1 (786) 207 2990

For Immediate Release

EMDEN, Germany, November 14, 2012 – FUNA International (FUNA), a subsidiary of SAM Electronics, an L-3 company, announced today that it has appointed Greg Dauberger as senior vice president of sales. In his new position, Mr. Dauberger will manage the company’s global sales operations and will report to FUNA managing director Jan Woitschaetzke. FUNA serves a variety of specialty markets with a wide range of products and services, including entertainment and communications systems, as well as safety technologies.

“Greg has the experience, insight and diverse industry background to seamlessly manage our sales efforts across all of our divisions while delivering best-value solutions to our global client base,” said Mr. Woitschaetzke. “In addition, Greg will help FUNA leverage new opportunities in themed entertainment as we continue to build our core business in maritime projects and adjacent markets. We welcome him to the FUNA family.”

Prior to joining FUNA, Mr. Dauberger served as Walt Disney Imagineering’s director of design and production for Disney Cruise Line’s new-build development. He has decades of management and project development experience, working in both the cruise and the theme park industries, and has served in various capacities for the Disney organization, including Walt Disney Imagineering, Disney Cruise Line and Walt Disney Attractions Entertainment.

FUNA International is a global design, engineering, integration and consulting firm that employs more than 200 professionals in 10 international locations. The company was founded in 1972, and its headquarters are located in Emden, Germany. FUNA has over 40 years of experience in integrating a variety of complex systems spanning numerous projects, from the cruise, mega-yacht and offshore industries to comprehensive land-based applications such as theme parks and attractions. Its extensive maritime expertise encompasses all types of vessels, including 8 of the 10 largest cruise ships currently afloat, as well as 25 of the 100 largest superyachts in the world. FUNA is currently working on several new theme park projects in China. FUNA is ISO 9001-certified in Germany and Finland, and is in the process of receiving certification in the United States. To learn more about FUNA, please visit its website at www.FUNA.com.

Comprising 25 operating companies, L-3 Marine & Power Systems (L-3 M&PS) is a worldwide leader in maritime automation and control, navigation, communications, dynamic positioning, and power distribution and conditioning for the U.S. Navy, allied foreign navies and commercial customers worldwide. With over 80 locations in 20 countries, L-3 M&PS is a cohesive, global partner with extensive capabilities and a proven track record in delivering the highest level of technology, service and integration. To learn more about L-3 Marine & Power Systems, please visit its website at www.L-3com.com/MPS.

Headquartered in New York City, L-3 employs approximately 51,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. To learn more about L-3, please visit the company’s website at www.L-3com.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

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