Force Protection Industries, Inc. Wins $3.8 Million Contract for Iraq-Bound Armored Vehicles; Manufacturer will supply Buffalo mine clearance vehicle to Marines for first time.LADSON, S.C. -- Force Protection, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced the initial sale of its Buffalo Mine Protected Clearance Vehicles (MPCV MPCV Mine Protected Clearance Vehicle ) to the U.S. Marine Corps under an urgent operational need request issued by the Marine Corps Systems Command Marine Corps Systems Command (MARCORSYSCOM) is located at MCB Quantico. Mission Serve as the Commandant's principal agent for acquisition and sustainment of systems and equipment used by the operating forces to accomplish their warfighting mission. (Quantico, Virginia Quantico, Virginia lies in Prince William County, 23 miles north-northeast of Fredericksburg, Virginia, United States, near Dumfries and Stafford along Highway 619. It is totally surrounded by Marine Corps Base Quantico and the Potomac River. ). Under the terms of the contract, Force Protection will deliver four Buffalo vehicles, replacement parts and a service representative to coordinate maintenance efforts in active operations. The total value of the contract is approximately $3.8 million. It is expected to be filled by the end of 2005. The contract represents the Marines' first purchase of the Buffalo MPCV, which was originally provided under contract to the U.S. Army. They will join more than 50 Buffalo vehicles currently being used in Afghanistan and Iraq. "This award confirms once again that Force Protection's products are being requested, by name, by field commanders, and that they are needed now," said Force Protection Vice President Michael Aldrich, "We hear them, and we have promised them the first Buffalo before the end of September." The Buffalo has been in active operations for more than two years, and has been used to clear thousands of suspected explosive devices from hundreds of miles of dangerous roads in support of Operations Iraqi Freedom and Enduring Freedom. "This order also signifies a broadening of our market for the Buffalo to now include the Army and Marine Corps," said Program Manager Damon Walsh. "As more land routes are assigned to individual units for the safe transport of Coalition personnel and supplies, more commanders are asking for the best solution - the one that works the first time - the Buffalo. If they see something suspicious, they can quickly interrogate (1) To search, sum or count records in a file. See query. (2) To test the condition or status of a terminal or computer system. it, mark, and neutralize the threat in advance of convoys or other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. ." "We're looking forward to seeing the Buffalo do for the Marines what it's already doing for the Army - enabling them to better accomplish their mission and come home," he added. 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, visit http://www.forceprotectioninc.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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