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BlastGard International, Inc. Completes Successful Oil Pipeline Test.


CLEARWATER, Fla. -- BlastGard International, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: BLGA), a creator of blast mitigation products, announced that it has successfully tested oil pipe lines against C4 charges and has analyzed the data. The test was conducted in Bakersfield, CA, and the tested pipeline sections were typical trunk linepipe product used universally. In the first test, a bare charge of 2 lbs. of C4 was placed directly on the water-filled, end-capped 24" OD X .375" thick wall API-5L X-42 linepipe and detonated. The result was a "classic" shock holing of the pipe, in which a hole approx. 8" in diameter was blown straight through the pipe wall. Then two more tests were taken...one with 6" of BlastWrap(TM) on the pipe and then one with 3" of BlastWrap on the pipe surface. In each case, after applying a small section of BlastWrap (approx 1.5 sq. ft.), a 2 lb charge of C4 was placed directly onto the BlastWrap(TM), and then detonated. In both cases, the pipe and end caps remained completely intact with barely visible small dents in the pipe. Kevin Sharpe, Senior Vice President of Engineering and Product Development for BlastGard International, Inc. oversaw the project. Mr. Sharpe's background is in explosive engineering and the measurement and mitigation of blast in improvised explosive device Noun 1. improvised explosive device - an explosive device that is improvised
I.E.D., IED

explosive device - device that bursts with sudden violence from internal energy
 (IED Noun 1. IED - an explosive device that is improvised
I.E.D., improvised explosive device

explosive device - device that bursts with sudden violence from internal energy
) scenarios among other things. Mr. Sharpe worked for the UK Ministry of Defence for over 24 years before joining the BlastGard International team.

Mr. Sharpe states "We have been asked by some folks in Iraq as well as others in Azerbaijan to do this test, and there is a growing interest from the energy industry as well. Protection of the national energy supply is a major concern following the 9/11 attacks. Sabotage of this energy network is an act of economic terrorism The concept of terrorism economic is discussed and generally used in a polemical or demagogic way to associate the term “terrorism” a country, a company or a marked group of abuses.  which has been shown to be successful in many asymmetric wars. The constant attacks on the oil industry in Iraq are testament to this and the costs of these actions are immense. In the absence of any effective explosion protection system, the security forces have been reduced to surveillance and more regular inspections. Oil and gas companies are reluctant to discuss their vulnerabilities or to say much about specific steps undertaken to accommodate a post-9/11 reality. Few want to underscore the reality that, outside of guns, gates and guards, physical options to protect the system, until very recently, are quite limited. The petroleum institute has pointed out that recent security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising"
security
 don't incorporate new technology or designs but are instead, "a new emphasis...a more systematic approach and a continuing re-evaluation" of individual company contingency plans in consultation with federal agencies, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Marty Matheson, API general manager for pipelines. What is needed by these companies is a new technology that will offer passive protection against explosive sabotage, something that has not been possible until now."

BlastGard's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Jim Gordon added "Between August and October, Iraq lost $7 billion dollars in potential revenue due to sabotage against the country's oil infrastructure, according to Assem Jihad, spokesman of the Oil Ministry. An estimated 20 oil wells and pipelines were bombed or set ablaze Verb 1. set ablaze - set fire to; cause to start burning; "Lightening set fire to the forest"
set afire, set aflame, set on fire

combust, burn - cause to burn or combust; "The sun burned off the fog"; "We combust coal and other fossil fuels"
 this month in northern Iraq alone and Kirkuk pipelines and wells have been attacked at least 74 times since the collapse of Saddam's regime. According to the Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
, 'Iraq's security crisis and its long, porous land borders left the country's petroleum industry with no effective protection against saboteurs -- either Saddam loyalists or tribesmen competing for jobs with the British security firm Erinys International Erinys International is a British security company founded in 2001.[1] From 2003 to 2005, it had an $80 million contract with the Iraqi Ministry of Oil, guarding installations in Iraq against attack as part of Operation Task Force Shield. , which has a contract to secure oil wells and pipelines. Maj. Gen. Anwar Mohammed Amin Shri Mohammed Amin a politician from Communist Party of India (Marxist) is presently a Member of the Parliament of India representing West Bengal in the Rajya Sabha, the upper house of the Indian Parliament. External links
  • Profile on Rajya Sabha website
, chief of the Iraqi National Guardsmen in Kirkuk, said that Erinys hires tribes to guard oil installations. For guarding pipelines, he said the going rate is $1,100 per mile secured. The tribes are fighting over who wins the largest number of contracts, adding that the losers blow up the pipelines and oil wells in retaliation RETALIATION. The act by which a nation or individual treats another in the same manner that the latter has treated them. For example, if a nation should lay a very heavy tariff on American goods, the United States would be justified in return in laying heavy duties on the manufactures and .'"

Mr. Gordon explains "What is needed is a new technology that will offer passive protection against explosive sabotage and our oil pipeline tests is a dramatic demonstration of how simply oil and products lines can be protected using BlastWrap(TM) and in order to provide additional durability, and especially to create a "stealth" protection appearance, all BlastWrap(TM)-protected sections would be jacketed with any of a number of commonly available linepipe jacketing materials, which will provide additional security for the product and disguise the application."

Blast mitigants such as BlastWrap(TM) have been shown to effectively protect oil pipelines from explosive attack. The complete report on this study and a video of the test can be found on the Company's web site - http://www.blastgardintl.com.

About BlastGard International, Inc.

BlastGard International, Inc. was created to design, develop, manufacture and market proprietary blast mitigation materials. The Company's patent-pending BlastWrap(TM) technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new, finished products or to retrofit to existing products. While the need for this technology has always been present, the security and safety concerns resulting from the September 11, 2001 acts and the subsequent development of Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security
Department of Homeland Security

executive department - a federal department in the executive branch of the government of the United States
 make the timing of the Company's emergence even more important. The Company's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. BlastWrap(TM) is based upon well-defined principles and suppresses blast pressures by 50% or more. BlastWrap(TM) products are made from two flexible films arranged one over the other and joined by a plurality of seams filled with attenuating filler material (volcanic glass volcanic glass

Any glassy rock formed from lava or magma that has a chemical composition close to that of granite. Such molten material may reach very low temperatures without crystallizing, but its viscosity may become very high.
 bead or other suitable two-phase materials), configurable (designed for each application) with an extinguishing coating that offers a revolutionary blast protection system against Blast & Fire/burn threats. BlastWrap(TM) is a blast mitigation assembly that can be wrapped around or conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?"
fit, meet

coordinate - be co-ordinated; "These activities coordinate well"
 any shape. BlastWrap(TM) is a concept (not a chemical compound) from which blast protection products are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at www.blastgardintl.com.

"Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: the Company's ability to market its products; the Company's ability to obtain additional funding; the Company's ability to obtain regulatory approvals on new products, the general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The Company takes no obligation to update or correct forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 6, 2004
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