Force Protection, Inc. Production Ramp-up Proceeds as Planned.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 ) commented today that its efforts to increase production capacity are proceeding as planned. The company is gearing up manufacturing concepts to supply its armored and blast protected vehicles to the Army and the Marines under two previously announced contracts. "By focusing on scalable cellular manufacturing Cellular Manufacturing is a model for workplace design, and is an integral part of lean manufacturing systems. The goal of lean manufacturing is the aggressive minimisation of waste (or, more precisely, muda) in order to achieve maximum efficiency of resources. we have been able, so far, to successfully manage the challenges of increased production capacity. In fact, we have encountered fewer problems than I anticipated," commented 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. Michael 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 . "The design and installation of our first set of Capsule Fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. Cells are essentially complete and the Vehicle Integration Cells are on schedule to be completed as planned. The initial set of hulls have been cut and formed and are now being welded. The first completed sub-assemblies are being used to calibrate To adjust or bring into balance. Scanners, CRTs and similar peripherals may require periodic adjustment. Unlike digital devices, the electronic components within these analog devices may change from their original specification. See color calibration and tweak. and validate all new jigs and fixturing. The only real threat on the horizon is the worldwide shortage of steel. We are incurring additional costs to ship steel by air in order to avoid delays. We may incur some production delays as a result, but we seem to be dealing with the shortages pretty well at this point. I'm confident that we will complete the deliveries as previously stated -- during the third and fourth quarters." The Company has hired a substantial number of new highly qualified welders and welder/fitters, each of whom must successfully complete incoming qualification testing. "I'm happy to report that we now have a full crew of highly talented people in this area," continued Watts. "In addition, we now have most of the mechanics and assemblers that we need -- and this hiring is proceeding well. I was a bit worried about our ability to find enough qualified people quickly enough. But we are fortunate that Charleston has a ready pool of qualified talent from which to draw. In addition, it is a very nice place -- people are eager to come here and reluctant to leave." 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 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 ) 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 (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 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. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion