American Defense Systems Inc. to Produce Armored Crew Protection Kits for JCB
04 August 2008 - 10:30PM
Business Wire
American Defense Systems, Inc. �ADSI� (AMEX: EAG), offering
advanced solutions in the design, fabrication and installation of
transparent and opaque armor, security doors, windows and curtain
wall systems, announced today that JCB, Inc., one of the world�s
largest producers of heavy construction and agricultural equipment
with eighteen plants on four continents awarded American Defense
Systems, Inc. a contract to produce Crew Protection Kits (CPKs) for
the United Kingdom Ministry of Defense (MoD). The kits will be
installed on the HMEE (High Mobility Engineer Excavator), an
engineering vehicle with bucket and backhoe capabilities that can
produce road speeds in excess of 60 mph. This contract is valued at
approximately $540,000 and is independent of the existing agreement
between ADSI and JCB on HMEE armor for the U.S. Military. ADSI
expects the revenues from this new contract to be realized in
fiscal year 2008. Chris Saucedo, General Manager for JCB�s North
American Military Products Division stated, �ADSI was instrumental
in the design and development of the Crew Protection Kit. Their
engineering acumen and their proprietary technology have proven
invaluable to this project.� JCB has expectations for future UK MoD
procurements based on the performance of the vehicle and the armor.
�The HMEE project has proven very successful and we look forward to
a long lasting partnership with ADSI,� added Saucedo. The
up-armored HMEE surpassed all expectations of the ROPS (Roll-over
Protection) and FOPS (Falling Object Protection) testing program
administered by the U.S. Military, and is unrivaled by any vehicle
in its class. Additionally, JCB and ADSI expect to work on future
U.S. Military projects as they continue to support nation building
efforts in Iraq and Afghanistan as well as prepare for future
threats. Fergal I. Foley, Chief Operating Officer for ADSI,
commented, �We believe our partnership with JCB provides ADSI with
a visibility and credibility reserved for the most professional
organizations. We are proud to provide Crew Protection Kits for the
UK MoD as we continue to penetrate the global market place, all in
an effort to keep Allied war fighters and nation builders safe.�
About JCB JCB celebrated its 60th anniversary in 2005. JCB is
privately-owned by the Bamford family and the Chairman, Sir Anthony
Bamford, is son of the company�s founder, the late Joseph Cyril
Bamford. The company manufactures more than 300 different machines
including: backhoe loaders; Loadall telescopic handlers; tracked
and wheeled excavators; wheeled loading shovels; articulated dump
trucks; rough terrain forklifts; mini excavators; Robot skid steers
loaders; JCB Vibromax compaction equipment; generators and
Groundcare equipment. In addition, for agricultural markets, the
company produces a range of telescopic handlers and the unique
Fastrac tractor. JCB also manufactures the Teletruk forklift for
the industrial sector. In 2005 JCB secured one of the largest
orders in its history when it won a $200 million deal to supply the
US Government with High Mobility Engineer Excavators (HMEEs). Full
scale production of the HMEE is now underway at JCB�s plant in
Savannah, USA. The HMEE fulfils a need from the military for rapid
deployment high mobility products. The new vehicle joins a family
of JCB military construction vehicles designed and produced in the
last 30 years, including the High Mobility Variable Reach Truck
(HMVRT), the High Mobility Rough Terrain Forklift (HMRTF), the High
Mobility Fastrac tractor (HMF) and High Mobility Utility Vehicle
(HMUV). All of these machines offer high speed, exceptional
protection for crews and the same construction capability as
civilian equipment. JCB entered the international military market
in 1984, first supplying the British Army and Royal Air Force with
nearly 1,000 wheel loaders. In the last 23 years, the company has
produced more than 3,400 military construction machines for the
armed forces of 45 nations around the globe. Chris Saucedo, a
Marine Corps veteran, serves as General Manager of JCB�s Military
Products Division for North America and has hired many former
military members whose first-hand experience lends urgency to their
assembly tasks and ensures that their products meet stringent
quality standards while increasing the Army�s strategic and
tactical capabilities on the battlefield. JCB has won more than 50
major awards for engineering excellence, exports, design,
marketing, management and for its care for the environment. Among
them are 23 Queen�s Awards for Technology and Export Achievement.
For more information about JCB, Inc. please visit
http://www.jcbamericas.com About American Defense Systems, Inc.
American Defense Systems, Inc. �ADSI� (AMEX: EAG) offers advanced
solutions in the design, fabrication, and installation of
transparent and opaque armor, security doors, windows and curtain
wall systems for use by military, law enforcement, homeland defense
and corporate customers. ADSI engineers also specialize in
developing innovative, functional and aesthetically pleasing
security applications for the mobile and fixed infrastructure
physical security industry. For more information about American
Defense Systems, Inc. please visit the corporate Web site at
http://www.adsiarmor.com Some of the statements made by American
Defense Systems, Inc. (�ADSI�) in this press release, including,
without limitation, statements regarding ADSI�s anticipated future
growth, are forward-looking in nature. ADSI intends that any
forward-looking statements shall be covered by the safe harbor
provisions for such statements contained in the Private Securities
Litigation Reform Act of 1995. Statements that are predictive in
nature, that depend upon or refer to future events or conditions,
or that include words such as �may,� �will,� �should,� �expects,�
�anticipates,� �intends,� �plans,� �believes,� �estimates,�
�predicts,� �potential,� �continues� and similar expressions are
forward-looking statements. ADSI cautions you that forward-looking
statements are not guarantees of performance. ADSI undertakes no
obligation and disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Forward-looking statements involve
known and unknown risks and uncertainties that may cause ADSI�s
actual future results to differ materially from those projected or
contemplated in the forward-looking statements. ADSI believes that
these risks include, but are not limited to: ADSI�s reliance on the
U.S. government for a substantial amount of its sales and growth;
decreases in U.S. government defense spending; ADSI�s ability to
contract further with the U.S. Department of Defense; ADSI�s
ability to comply with complex procurement laws and regulations;
competition and other risks associated with the U.S. government
bidding process; changes in the U.S. government�s procurement
practices; ADSI�s ability to obtain and maintain required security
clearances; ADSI�s ability to realize the full amount of revenues
reflected in its backlog; ADSI�s reliance on certain suppliers; and
intense competition and other risks associated with the defense
industry in general and the security-related defense sector in
particular. Additional information concerning these and other
important risk factors can be found under the heading �Risk
Factors� in ADSI�s filings with the Securities and Exchange
Commission, including, without limitation, its most recent
registration statement on Form 10. Statements in this press release
should be evaluated in light of these important factors.
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