Business Services Industry

Homeland Security Company Gabriel Technologies Corp's Locking System First in Industry Backed by Adriatic and Lloyd's of London

Business Wire, Jan 6, 2005

OMAHA, Neb. -- Gabriel Technologies Corporation (OTCBB:GWLK) is the first transportation security company to receive underwriting from two of the world's leading insurance providers, Adriatic Insurance Company and Lloyd's of London.

A trucking cargo insurance policy, underwritten by Lloyd's and provided by Adriatic, offers truck operators up to $25,000 in coverage in case of loss due to the failure of Gabriel's WAR-LOK TSK-50 physical cargo security system. The TSK-50 is a complete tractor/trailer security solution that includes the TL-10 barrier box, TKP-10 king pin lock, TAB-10 air brake lock, TGH-10 glad hand lock and the TPL pad lock from the t-Series line of WAR-LOK cargo locks.

Adriatic and Lloyd's are also providing a physical damage policy that pays up to $10,000 of coverage if a tractor is stolen and compromised due to the failure of the TAB-10 air brake lock.

"We recognize the need for increased security within the trucking industry and believe the WAR-LOK t-Series security products are the best solution on the market," said Mark Fulkerson, an independent agent for Adriatic Insurance and President of Cross Country Insurance. "The WAR-LOK system will significantly decrease the incidents of cargo theft and tampering, effectively lowering the insurance risk."

Designed in conjunction with industry security leaders, the WAR-LOK t-Series provides the highest level of deterrence to cargo and full container thefts or tampering in the trucking industry. And with 260 million key combinations possible and the ability to master key 20,000 different locks, WAR-LOK is the most effective-and convenient-lock yet.

"Gabriel Technologies is excited to partner with Lloyd's of London and Adriatic Insurance to provide additional insurance protection for our current and future customers," said Keith Feilmeier, President/CEO of Gabriel Technologies Corp. "Not only does this partnership demonstrate the high quality of our WAR-LOK product line, but more importantly, it underscores the increasingly urgent need for complete cargo protection in the trucking industry today. With the addition of the Adriatic/Lloyd's insurance package to our WAR-LOK t-Series, we are able to offer a complete physical security program that is unmatched in the industry."

About Gabriel Technologies Corp.:

Gabriel Technologies of Omaha, Neb, develops proprietary technology for, and manufactures and sells, a series of physical locking systems for the transportation/shipping industry collectively known as the WAR-LOK Security System. Security within the transportation/shipping industry has evolved substantially in recent years due to the increased risks in theft and terrorism. In the United States alone cargo theft accumulates for $25 billion in annual losses.

With the implementation of our award winning physical security product line, the WAR-LOK, Gabriel Technologies now provides the transportation/shipping industry cost efficient security measures to prevent theft and other security problems that affect our nation and global economy. Homeland security is Gabriel's top priority and the company is poised with a proven product line to help deter terrorists who try to threaten our nation's security and disrupt the flow of commerce.

Gabriel Technologies' mission is clear, to provide the highest quality security products available to the transportation and shipping industry - by creating innovative, proven technologies that can be implemented on a realistic basis in today's post 9/11 economy. For more information visit us on the web at www.gabrieltechnologies.com.

About Adriatic Insurance Company:

Adriatic Insurance Company, a property and casualty insurer based in Metarie, LA. The company specializes in commercial automobile physical damage coverage primarily for local and long-haul trucking, taxicabs and limos, and special automobile risks. It also writes broad form motor truck cargo insurance, with maximum limits of $100,000 Adriatic is rated "A" by A.M. Best.

SAFE HARBOR Information in this news release may contain statements about future expectations, plans, prospects or performance of Gabriel Technologies Corporation that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The company cautions you that any forward-looking information provided by or on its behalf is not a guarantee of future performance. None of the information on this news release constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website The company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the company's control, in addition to those discussed in the company's press releases, public filings, and statements by the company's management, including, but not limited to, estimates of the sufficiency of its existing capital resources, abilities to raise additional capital to fund future operations and repay its existing indebtedness, and the uncertainties involved in estimating market opportunities. All such forward-looking statements are current only as of the date on which such statements were made. The company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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