Force Protection Exceeds June Production Objectives, Fulfills DOD Cougar Contract.LADSON, S.C. -- Force Protection, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced it has again exceeded vehicle production objectives. The armored vehicle manufacturer produced and delivered 19 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 ) and three Buffalo route clearance vehicles to the U.S. government in June. "This is an important season for Force Protection," said 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. Gordon McGilton. "Starting in November 2005, we committed substantial time and resources to the expansion of our production capacity and capabilities, and we have met or exceeded production schedules each month since as a result. We look forward to continuing this remarkable upward trend as we address the Iraqi Light Armored Vehicle (ILAV) contract." Force Protection was awarded a contract by the U.S. Department of Defense in May 2005 for 122 Cougar JERRVs for use by all branches of the armed forces. The contract, administered by the Marine Corps, was slated for completion in June 2006. "We have done precisely what we committed to do," said Vice President for Marine Corps Programs Wayne Phillips. "The completion of the JERRV contract took place as we told the Marines last year when our ramp-up efforts began. In addition, we are on track for the on-time completion of the current Buffalo contract with the Army, and will apply these same practices to the ILAV program." Force Protection's Buffalo and Cougar vehicles have been deployed in Iraq and Afghanistan since 2003. Popular with military engineers and explosive ordnance disposal teams, not a single reported fatality has occurred in three years despite more than 1,000 mine detonations and 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 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 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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