Business Services Industry
Force Protection, Inc. Expands Delivery of Armed Vehicles to U.S. Army in Iraq
Business Wire, Dec 7, 2004
LADSON, S.C. -- Force Protection, Inc. (OTCBB:FRCP), the leading U. S. manufacturer of mine- and blast-protected vehicles for military and security personnel, announced today the shipment of two more Buffalo clearance vehicles to the U.S. Army in Iraq as its rate of production continues to increase. This shipment included a set of steel wheels and disc rollers used in demining, and additional vehicle spares.
"Our armed forces are facing the rising threat of landmine attacks and improvised explosive devices (IEDs)," said CEO Gale Aguilar. "They need vehicles that are specifically designed to protect them against these threats."
The Army recently ordered an additional 15 Buffalo mine-protected vehicles for use in Iraq. The total contract amount is approximately $11.8 million.
"Force Protection's vehicles fill a critical need," said Aguilar. "They provide the strength necessary to withstand these attacks and save lives while at the same time ensuring the mobility that enables our troops to complete their missions."
The Buffalo is already being used by the Army Corps of Engineers in Iraq and Afghanistan. It has multiple mission configurations and can be repaired quickly in the field. The unique technology of the Buffalo provides protection against multiple types of anti-tank mines through the implementation of steel wheels and disc rollers that allow for high effectiveness in mine clearing.
About Force Protection, Inc.
Force Protection, Inc. manufactures ballistic and mine protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, 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 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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