Force Protection Acquires New Building for Research and Testing.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 it has purchased a separate and secure building in Summerville, South Carolina Summerville is a city located in Dorchester County, South Carolina, United States, though inhabitants often refer to it as a town. In 2005, however, the Census Bureau estimated the population at 37,714. for research and laboratory testing of its armored vehicle technology. The company's ownership was effective March 22, 2007. Force Protection produces the world's most advanced mine protected vehicles that have been deployed in Iraq and Afghanistan since 2003. It continues to expand in its role as the nation's leader for counter improvised explosive device 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 (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 ) research and blast protection technology innovation. "The reason our vehicles have an unmatched record for troop safety in the field is simple," said Force Protection COO Raymond Pollard. "We have the finest engineers with decades of experience producing technology that has proven to protect and save lives in the face of explosive threats. This new building will house future breakthroughs in our vehicle designs as well as provide an effective platform for familiarization training with our vehicles before they are deployed." Force Protection's Buffalo 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. vehicles have led the way in countering IEDs, land mines, and road side bombs that have accounted for more than half of U.S. combat deaths. Credited by engineers, 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. teams, and other first response units with saving lives, the vehicles have withstood in excess of 2,000 explosive attacks. 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, 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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