Force Protection, Inc. Selects Quantum Subsidiary Tecstar to Provide Manufacturing Expertise for Military Vehicles.LADSON, S.C. -- Force Protection, Inc. (OCTBB:FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced that Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq:QTWW), through its subsidiary Tecstar Automotive Group, has been awarded a $2.7 million contract to provide extensive manufacturing expertise to assist in the production of Force Protection's 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 ). The U.S. Department of Defense recently awarded Force Protection a contract for 122 Cougar JERRV vehicles which incorporate cutting-edge blast and ballistic protection technology for explosive ordnance disposal missions (see press release dated August 17, 2005 at www.forceprotectioninc.com). The vehicles will be used by U.S. forces engaged in Operations Iraqi Freedom and Enduring Freedom and are scheduled for delivery by the end of February 2006 under an accelerated production schedule. Quantum-Tecstar was approached by Force Protection to provide procedure development and process control expertise in order to optimize and streamline the Cougar production line. Current operations in the Middle East require these advanced vehicles to be rapidly deployed and Tecstar will play a critical role in increasing Force Protection's vehicle output to meet the accelerated schedule. 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 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). 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, visit http://www.forceprotectioninc.com. About Quantum Quantum and its subsidiary, Tecstar Automotive Group, are leaders in powertrain engineering, system integration, and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements, and high performance engines and drive trains for OEMs and consumers of aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles
Quantum has product commercialization alliances with General Motors, AM General, Sumitomo, and IMPCO. Quantum's customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, Sunline, Yamaha, AeroVironment, and the U.S. Army. More information can be found about Quantum's products and services at www.qtww.com. 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. |
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