COAST Suspension Control System Targeted for Next Generation Military Vehicle.SAN DIEGO--(BUSINESS WIRE)--March 17, 1999--AimRite Holdings Corporation (Nasdaq/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) announced that it is working with the National Automotive Center (NAC See network access control. ) to apply the COAST(tm) suspension control system to military vehicles. NAC identifies the dual needs of the military and industry and then forges partnerships that will provide innovative new technologies. The COAST system has been targeted for its new COMBATT COMBATT Commercially Based Tactical Truck truck program (COMmercially BAsed Tactical Truck). As part of the COMBATT program, AimRite will deliver a COAST system this summer for evaluation with additional systems to be delivered next year. By 2002, the Army expects to build 25,000 to 50,000 vehicles annually and the COAST system, if adopted, will significantly improve the ride comfort, speed and performance of all military vehicles. A successful outcome to this program means that the Army will have modified a commercially available super duty pickup truck to perform as close to the HMMWV HMMWV High Mobility Multipurpose Wheeled Vehicle (HMMWV is a trademark of AM General LLC; aka HUMVEE, also a trademark of AM General LLC) (Hummer) as economically feasible. Success also insures significant design and performance improvements in the millions of future SUVs -- vehicles in constant demand by a steadily growing and savvy commercial market. The COAST (Computer Optimized Adaptive Suspension Technology) suspension control system uses Variable Constant Force(tm) to achieve unparalleled ride luxury, safety and performance for virtually all automotive, truck, bus and RV applications and will be the Original Equipment Manufacturer's choice for suspension control well into the next millennium. AIMRITE HAS A WEBSITE THAT CAN BE VISITED AT WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .AIMRITE.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . This release is intended as a forward-looking statement within the meaning of 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies, (iv) Competition with conventional suspension systems, (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs, and (vi) unexpected challenges to the patents. |
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