American Defense Systems Inc Developing Prototypes for Australian Navy
07 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 ADSI is developing ship window
prototypes designed by Genvac Aerospace, Inc. (Genvac) a Cleveland,
Ohio based thin film technology company. ADSI will provide
ballistic windows that incorporate thin film coatings required to
prevent condensation in cold climates and reduce glare. The windows
are being delivered by Genvac under contract with BAE Systems
Australia for use by the Australian Navy. Anthony J. Piscitelli,
Chief Executive Officer of American Defense Systems, Inc.,
remarked, �ADSI is proud to work with Genvac Aerospace, Inc. and
BAE Systems Australia to deliver the thinnest, lightest transparent
armor for the Australian Navy. Combining the strength of our
ballistic assembly with thin film enabled heating and antiglare
capabilities affords the vessel with superior protection and
visibility. We certainly look forward to a successful program and
the prospects of future projects with this team.� 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.
Eagle Broadband (AMEX:EAG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eagle Broadband (AMEX:EAG)
Historical Stock Chart
From Jul 2023 to Jul 2024