Force Protection, Inc. Announces Army Contract for More Armored Vehicles.LADSON, S.C. -- Force Protection, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FRCP FRCP Fellow of the Royal College of Physicians. FRCP abbr. Fellow of the Royal College of Physicians ), the leading U.S. manufacturer of mine- and blast-protected vehicles for military and security personnel, announced today that the U.S. Army has ordered an additional 15 Buffalo mine-protected clearance vehicles for use in the Iraq War Iraq War: see under Persian Gulf Wars. Iraq War or Second Persian Gulf War Brief conflict in 2003 between Iraq and a combined force of troops largely from the U.S. and Great Britain; and a subsequent U.S. . The total contract amount is estimated at $11.8 million. "The Army's new request for more than a dozen vehicles is indicative of the critical role the Buffalo is playing in keeping our troops safe," said Force Protection 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. Gale Aguilar. "Our vehicles are saving lives by protecting our troops against the threat of landmine attacks and improvised explosive devices 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 (IEDs), which have been a deadly feature of the current combat." U.S. commanders have requested that the number of armored utility vehicles in Iraq be doubled to 8,000, stating that they are necessary to help defeat an insurgency in·sur·gen·cy n. pl. in·sur·gen·cies 1. The quality or circumstance of being rebellious. 2. An instance of rebellion; an insurgence. insurgency, insurgence 1. that continues to strike troops. "Our armed forces require equipment that keeps them safe and allows them to accomplish their missions in the face of emerging threats," said Aguilar. "We are committed to providing vehicles that meet this ever-increasing need." The Buffalo is already being used by the Army Corps of Engineers in Iraq and Afghanistan. It has multiple mission configurations and is designed to be repaired quickly in the field. The unique technology of the Buffalo provides protection against multiple types of anti-tank mines as well as smaller anti-personnel mines. About Force Protection, Inc. Force Protection, Inc. manufactures ballistic and mine protected vehicles through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . These specialty vehicles are protected against landmines, hostile fire In insurance law, a combustion that cannot be controlled, that escapes from where it was initially set and confined, or one that was not intended to exist. A hostile fire differs from a friendly fire, which burns in a place where it was intended to burn, such as one confined , 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. For more information, visit http://www.forceprotectioninc.com. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. |
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