Message #220 From:
NewsBot Date: July 23, 2008 04:15:23 PM
FRPT Stock: French Military Orders Buffalo Vehicles from Force Protection
Force Protection, Inc. (NASDAQ:FRPT stock) today announced that it will
produce five Buffalo Category III vehicles for the French military under
a contract modification to contract M67854-07-C-5039. The order totals
$3.5 million and is scheduled for completion by November 2008. Work is
to be performed solely by Force Protection Industries.
“We are proud to provide these vehicles to the
French government,” said Michael Moody, Chief
Executive Officer of Force Protection. “This
represents another important step in the continued growth of our
international customer base. Force Protection’s
battle proven vehicle platforms continue to be the choice of our allied
fighting forces throughout the world.”
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and
manufacturer of life saving survivability solutions, predominantly
ballistic- and blast-protected wheeled vehicles currently deployed by
the U.S. military and its allies to support armed forces and security
personnel in conflict zones. The Company’s
specialty vehicles, the Cougar, the Buffalo and the Cheetah, are
designed specifically for reconnaissance, forward command and control,
and urban operations and to protect their occupants from landmines,
hostile fire, and improvised explosive devices (IEDs, commonly referred
to as roadside bombs). The Company is one of the original developers and
primary providers of vehicles for the U.S. military’s
Mine Resistant Ambush Protected, or MRAP, vehicle program. For more
information on Force Protection and its vehicles, visit www.forceprotection.net.
Safe Harbor Language
This press release contains forward looking statements that are not
historical facts, including statements about our beliefs and
expectations, are forward-looking statements. These statements are based
on beliefs and assumptions by Force Protection’s
management, and on information currently available to management.
Forward-looking statements speak only as of the date they are made, and
we undertake no obligation to update any of them publicly in light of
new information or future events. A number of important factors could
cause actual result to differ materially from those contained in any
forward-looking statements. Examples of these factors include, but are
not limited to, our ability to fulfill the above described orders on a
timely basis, our ability to effectively manage the risks in our
business; the reaction of the marketplace to the foregoing; and other
risk factors and cautionary statements listed in the Company’s
periodic reports filed with the Securities and Exchange Commission,
including the risks set forth in the Company’s
Form 10-Q for the quarter ended September 30, 2007.
Force Protection, Inc. Tommy Pruitt Senior
Communications Director 843-574-3866 or Investor
Relations: ICR, Inc. James Palczynski Principal and
Director 203-682-8229
