Force Protection, Inc. Receives Award for Lighter Weight Test Vehicles.LADSON, S.C. -- Force Protection, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced receipt of a $7.2 million contract award from the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with for 5 reduced weight 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. vehicles in response to an urgent request to develop vehicles providing enhanced mobility while maintaining survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. . The Company noted that these vehicles incorporate significant amounts of design and technology developed as part of the Cheetah platform. Mark Edwards
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. , Force Protection, Inc.'s Executive Vice President for Development commented, "Achieving lighter base vehicle weight with higher available horsepower without sacrificing survivability gives our customer the flexibility to use the increased available payload The passenger and/or cargo capacity expressed in weight and/or space available to the user. and power to carry additional operation equipment and/or exterior armor solutions like our Force Armor[TM] for defeating explosively formed penetrators (EFP EFP Explosively Formed Penetrator EFP Electronic Field Production EFP Explosively Formed Projectile EFP Exempted Fishing Permit EFP Environmental Farm Planning (Canada) EFP Exempted Fishing Permits ). The lighter base vehicle weight also increases the mobility and maneuverability of the vehicle, increasing the overall utility of our Cougar as operational requirements change." Edwards stated, "We continue to develop and refine the Cougar and Cheetah variants and believe the trend toward lighter, higher powered vehicles with better mobility and utility will continue. The Cheetah and the lighter weight Cougar are uniquely positioned for the future in the market of medium mine protected vehicles to exploit this trend long term." Damon Walsh, Executive Vice President for Customer Operations, noted, "The MRAP MRAP Mine Resistant Ambush Protected (military vehicle) MRAP Mouvement contre le Racisme et Pour l'Amitié entre les Peuples (French antiracism movement) MRAP Melanocortin-2 Receptor Accessory Protein program grew out of an urgent requirement aimed at saving the lives of our deployed forces. Force Protection has achieved unmatched success at this as demonstrated by our well documented survival record in theater--we believe these are the safest vehicles on the battlefield today. The evolution of the Cougar vehicle is consistent with our drive to transform the company going forward. As the program's requirements have evolved we have been right there all along the way. We are very proud to be part of this program and now we look forward to continuing to provide the best available survivability solutions by coupling renowned Cougar survivability with enhanced maneuverability and enabling America's warriors the best opportunity to safely accomplish their mission and return to their loved ones now and into the future." About Force Protection, Inc. Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from 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). The Company is one of the original developers and primary providers of vehicles for the U.S. military's Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net. For more information on Force Protection and its vehicles, visit www.forceprotection.net. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Language This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions by Force Protection's management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, our ability to fulfill the above described orders on a timely basis, our ability to effectively manage the risks in our business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in the Company's periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2007. |
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