Printer Friendly
The Free Library
19,607,050 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Force Protection Extends Agreement with South African Technology Partner.


LADSON, S.C. -- Force Protection, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced that it has reached an agreement with MECHEM, a division of DENEL (Pty) Ltd of South Africa, to extend the term of their relationship for an additional five years effective September 13, 2006.

Under the agreement, MECHEM, an organization that specializes in the supply of landmine detection, de-mining, and unexploded ordnance disposal equipment and services, will continue to work exclusively with Force Protection on all projects relating to the exploitation of its technology.

"We are extremely pleased to continue this important relationship," said Force Protection 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. "As a world leader in the field of humanitarian de-mining, MECHEM has unequaled knowledge and expertise in the detection, removal and defeat of all types of explosive devices. They will be an invaluable resource to Force Protection's expanding R&D initiatives."

Force Protection manufactures the 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.
 and Buffalo mine-protected vehicles that have been deployed in Iraq and Afghanistan since 2003. Despite thousands of mine detonations and 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
 attacks, no fatalities have occurred in a Force Protection vehicle.

About MECHEM

MECHEM, a division of DENEL (Pty) Ltd (South Africa), specializes in the supply of landmine detection, de-mining and unexploded ordnance disposal equipment, services and consulting. It was established in the late 1960's, originally as a research unit of the Council for Scientific and Industrial Research The Council for Scientific and Industrial Research (CSIR) is South Africa's central and premier scientific research and development organisation. It was established by an act of parliament in 1945 and is situated on its own campus in the city of Pretoria.  (CSIR CSIR Council for Scientific and Industrial Research (Ghana)
CSIR Council of Scientific and Industrial Research (India)
CSIR Centre for Scientific and Industrial Research
) in South Africa, culminating into a division of DENEL (South Africa). MECHEM has been involved in the research and development of anti-landmine technology for the past 30 years.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 29, 2006
Words:467
Previous Article:Velocity Express Reports Gross Margin Improvement and Reduced Operating Costs in Fiscal 2006.
Next Article:Zacks Challenge Top Player Interview features Apple Computer Inc. and Harris Corp.
Topics:



Related Articles
Security Council demands South Africa withdraw its forces from Angola.
Condemn Security Council vetoes by United States, United Kingdom preventing sanctions against Pretoria.
Mandela calls for lifting of economic sanctions: oil, arms, nuclear embargoes to remain in place.
New, wider UN mission to monitor ongoing peace process.
Refugee flows, border tension spark early UNAMIR deployment.
Structuring guaranteed payments to avoid disguised sale treatment.
Expanding business horizons.
Armor innovation needs to stay on fast track.
Heavier armor: military services in the market for 4,000 blast-proof vehicles.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles