Business Services Industry
Force Protection, Inc. Announces Worldwide Service and Support Capabilities; Agreement Gives Firm New Access Throughout Europe, Mideast and Africa
Business Wire, Sept 7, 2004
LADSON, S.C. -- Force Protection, Inc. (OTCBB:FRCP), the leading manufacturer of mine-protected vehicles for military and security users, announced today it has signed a multi-year agreement with a humanitarian landmine-clearing organization to provide professional training and military advisory services internationally.
The agreement with Landmine Clearance International LLC (LCI), a nonprofit group that conducts landmine clearing operations and related support activities, will facilitate operations among Force Protection, LCI and the United States Marine Corps, which will soon take delivery of Force Protection's Cougar Hardened Engineer Vehicles. The Cougar will be delivered as an EOD team transport vehicle and additionally as a larger, 6x6 combat engineer transport.
"We're excited to join together LCI's resources and our American-made mine-protected vehicles," said Force Protection CEO Michael Watts. "We have seen significant interest in our vehicles recently from civilian contractors in Iraq and Afghanistan. This agreement gives us worldwide reach to provide operator and maintenance training, as well as direct maintenance services and warranty work wherever our customers are. Even our military customers may benefit from our new ability to provide direct support for our vehicles."
Michael Stock, Managing Director of Landmine Clearance, earlier stated, "The Cougar HEV line of vehicles represent a critically-needed capability in the Middle East today. Our prior work with Coalition Forces and commercial contractors in this area of operations indicate an immediate market for countermine and clearance equipment and services."
To facilitate its training programs, LCI maintains extensive contacts in industry, civic aid groups, international development organizations and the public sector internationally. This permits LCI to organize leading experts, facilities, transportation, technical and demolitions materiel, training areas, and qualified local employees on a contingency basis.
LCI's business relationships will provide Force Protection with access to local companies, charities, and private experts throughout the Middle East, Africa, and Europe. These experts, when integrated with permanent staff and active duty US forces, constitute a potent economic development, reconstruction, and public safety capability in any operational environment.
About Force Protection, Inc.
Force Protection, Inc. manufactures ballistic and mine protected vehicles through its wholly owned subsidiary, Technical Solutions Group (TSG). These specialty, protected 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.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


