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Force Protection, Inc. Announces Expansion Plans.


CHARLESTON, 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
) announced today the company will expand its Ladson, S.C. manufacturing facilities, reflecting positive feedback from customers regarding the performance of its Technical Solutions Group line of mine and ballistic-protected vehicles.

"Our new facilities, combined with the recent appointment of highly-experienced executive Mark Edwards

For other people named Mark Edwards, see Mark Edwards (disambiguation).


Mark Edwards is the current host of the The Wake Up America, Sunday nights from 10:00 p.m. - 12:00 a.m. for KFNX-AM 1100 Phoenix, AZ.
 as Vice President, Manufacturing, demonstrates our belief that the U.S. and other militaries will continue to place orders for our superior-performing vehicles," said Michael Watts
This article is about the Berkeley geographer. For the DJ of this name, see Michael 5000 Watts.


Michael J. Watts is "Class of 1963" Professor of Geography and Development Studies at the University of California, Berkeley, and in the eyes of some a
, Chief Executive Officer of Force Protection, Inc. "The combination of new facilities and improved expertise will enable us to more quickly respond to orders, enhance our strong track record of innovation, as well as ensure the highest-possible vehicle quality."

Force Protection's new facility includes 142,000 square feet of heavy manufacturing space, and is located next to the company's existing 86,000 square feet of space. Force Protection will now have total space of 228,000 square feet. The new facility also includes 21 cranes with up to 75 ton capacity, a paint booth, loading ramp and additional office space. Force Protection will take possession of the space on July 15, 2004 and it requires minimal refitting and repair. The company holds a five year lease with a five-year option. Force Protection will invest in several upgrades immediately, for example new radio controls for four large overhead cranes will be installed in the first months of occupation.

When completed, this expansion will enable Force Protection to produce more than 500 vehicles per year, up from the current figure of roughly 180.

In May, the U.S. Army signed a contract to purchase 21 Buffalo Mine Protected Clearance Vehicles (MPCVs) from the company's TSG TSG The Smoking Gun (web site)
TSG Technology Services Group (UK)
TSG Technical Specification Group
TSG Timing Signal Generator
TSG Technical Support Group
TSG Tumor Suppressor Gene
TSG ThermoSalinoGraph
 subsidiary. The estimated value of the contract was $15.3 million. In April, TSG sold up to 27 Cougar cougar: see puma.
cougar
 or puma or mountain lion or panther

Species (Puma concolor) of large, graceful cat that lives in a wide variety of habitats in the Americas, from southern Alaska to Patagonia.
 multi-purpose vehicles to the U.S. Marines, that sale totaled up to $9.7 million. Several additional orders are now in the discussion phase.

About Force Protection, Inc.

Force Protection, Inc. manufactures and distributes vehicles that protect and save lives and property. Its subsidiary, Technical Solutions Group, Inc., (TSG) manufactures and markets military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces.

See also list of armoured fighting vehicles.
 that 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 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, commonly referred to as roadside bombs). Its 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.forceprotection.net.

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.
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:Jul 19, 2004
Words:545
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