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IN THE NEWSBritish Buying Additional Armored Vehicles from Force Protection, Inc.Publisher: Force Protection, Inc.Date: 03/14/2007 LADSON, SC – Force Protection, Inc. (NASDAQ:FRPT) today announced that it recently received a contract modification from the British Ministry of Defence for 22 additional Cougar Mastiff Protected Patrol Vehicles (Mastiff PPV). The order will bring the total number of vehicles produced for the British government to 108 at an approximate value of $70.1 million. Under the contract awarded in August 2006, Force Protection expects to deliver the vehicles by the end of June 2007. “Force Protection has worked hard to get its lifesaving armored vehicles to U.S. armed forces and their allies throughout the world,” said Force Protection CEO Gordon McGilton. “We are gratified by this contract modification which is indicative of the vital role these vehicles play in increasing troop safety, and are pleased to provide these vehicles to the British military.” The Mastiff PPV is based on Force Protection’s Cougar Explosive Ordnance Disposal (EOD) vehicle, which has been deployed with combat engineers and first response teams in Iraq and Afghanistan for more than three years. The first deliveries of the Mastiff PPV were shipped ahead of schedule in November 2006. For more information, go to www.forceprotection.net. About Force Protection Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. The Mastiff PPV is based on Force Protection’s Cougar Explosive Ordnance Disposal (EOD) vehicle, which has been deployed with combat engineers and first response teams in Iraq and Afghanistan for more than three years. The first deliveries of the Mastiff PPV were shipped ahead of schedule in November 2006. For more information, go to www.forceprotection.net. About Force Protection Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. Back |
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