Force Protection, Inc. Integrated Logistics Support Reports Dramatic Expansion.WASHINGTON -- Force Protection, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FRPT FRPT Force Protection, Inc. (stock symbol) ) today reported a dramatic increase in its Integrated Logistics Support A composite of all the support considerations necessary to assure the effective and economical support of a system for its life cycle. It is an integral part of all other aspects of system acquisition and operation. Also called ILS. (ILS ILS In currencies, this is the abbreviation for the Israeli Shekel. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) business segment. ILS includes spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. , battle damage repair Essential repair, which may be improvised, carried out rapidly in a battle environment in order to return damaged or disabled equipment to temporary service. Also called BDR. , and preventive maintenance, as well as forward positioning of critical vehicle components. "This part of our business is growing rapidly," said Force Protection ILS Vice President Murray Hammick. "When you realize that the company's total revenue for fiscal year 2004 was less than the net total revenue generated by ILS alone in 2005, it gets quite exciting." As part of contracts with both the U.S. Army and the Marine Corps, Force Protection has sent 19 of its employees to Iraq as field service representatives. "The number of field service representatives is growing monthly," noted Hammick. "We are seeing rapid growth as the rate of vehicle operations increases." The manufacturer has also maximized state-of-the-art technology to disseminate information to battlefield commanders deployed in the fight against improvised explosive devices (IEDs) and roadside bombs in Iraq. Force Protection initially posted technical information about its Buffalo mine clearance and 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. specialty troop transport vehicle series to Army Knowledge Online (AKO Ako (äkō`), city (1990 pop. 51,131), Hyogo prefecture, W Honshu, Japan, on the Harima Sea. Relying on its steel and chemical industries, Ako has become one of Japan's most polluted industrial cities. ) in November 2005. Military personnel and contractors use this secure site as a real-time resource for maintenance bulletins, repair information and on-line manuals. The Force Protection vehicle pages on the site draw approximately 400 unique hits per month. "Growth in this business segment is not only linked to specific new purchase contracts," said Warranty Supervisor and retired Army Engineer First Sergeant Don Cowart. "As new equipment is accepted and trusted, its scope of use expands and it is relied on for its increased capabilities. It is only logical to expect the demand for replacement parts and services will increase." 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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