Force Protection, Inc. Continues to Meet Demand.LADSON, S.C. -- Force Protection, Inc. (OCTBB:FRPT FRPT Force Protection, Inc. (stock symbol) ) continues to expand its production efforts to meet an increasing demand for its mine-protected vehicles. The manufacturer produced and delivered 11 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. Joint Explosive Ordnance Disposal The detection, identification, on-site evaluation, rendering safe, recovery, and final disposal of unexploded explosive ordnance. It may also include explosive ordnance which has become hazardous by damage or deterioration. Also called EOD. Rapid Response Vehicles (JERRV JERRV Joint Explosive Ordnance Disposal Rapid Response Vehicle ) and two Buffalo Mine Protected Route Clearance (MPCV MPCV Mine Protected Clearance Vehicle ) vehicles to the U.S. government in July. "We have worked diligently to expand our facilities and methods to accommodate increasing demand for our vehicles," said 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. Gordon McGilton. "We've made consistent progress in increasing production rates in the past nine months. We again met objectives for the Buffalo MPCV, and although we were one Cougar JERRV short of our expected output for July, we've made the necessary adjustments that will enable us to hit our goals in the fall." Force Protection's Cougar and Buffalo vehicles have been deployed with explosive ordnance disposal teams and engineers in Iraq and Afghanistan since 2003 without a fatality, despite more than 1,000 mine detonations and 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 attacks. "Force Protection is committed to the constant improvement of our manufacturing processes," said Vice President for Marine Corps Programs Wayne Phillips. "This has been reflected in our production performance since November 2005 as we have consistently met or exceeded vehicle delivery objectives. The methods we have now implemented will enable us to continue this upward trend throughout the rest of the year." About Force Protection 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 on Force Protection and its vehicles, go to 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 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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