(NSI News Source Info) April 9, 2009: Force Protection, Inc. April 7., announced that the Hungarian Ministry of Defence has ordered three Cougar vehicles. The contract calls for delivery of vehicles, spare parts and training by June 2009. The value of the award totals $1.3 million.
Cougar MRAP: Proven combat survivability is the key to sending personnel out with a go anywhere, do anything and get home to tell about it attitude. The advanced ballistic and blast-protected MRAP Cat I
Cougar boasts an outstanding occupant survival rate. The Cougar 4x4, which can transport up to
six passengers plus equipment, has been a workhorse for the U.S. Marine Corps combat engineers
in Iraq since 2004. The Cougar is the paragon of troop transports in Iraq and Afghanistan, where
it has withstood literally thousands of IED/landmine attacks. As for the survivability of the Cougar
itself, not only is the vehicle built to drive into danger, its reparability typically allows it to return
to service within a matter of hours. The Cougar’s reliability has gained it global notoriety and is
being sold to foreign allies in Canada, Iraq and the UK.
“We are extremely pleased to provide the battle proven Cougar to the Hungarian Ministry of Defence. Cougar’s reputation for providing survivability to its occupants is certainly world renowned. This award is important to Force Protection in that part of our long term strategy is to continue to grow our customer base. This award further demonstrates our capability to enter into commercial agreements with appropriate foreign governments,” said Michael Moody, Chief Executive Officer of Force Protection.
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and manufacturer of 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. Force Protection’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). Force Protection also is the developer and manufacturer of ForceArmor™, an armor package providing superior protection against explosively formed projectiles (EFPs), now available for a wide range of tactical-wheeled vehicles. Force Protection 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 about Force Protection and its vehicles, visit http://www.forceprotection.net/.
Force Protection, Inc. Safe Harbor Language
This press release contains forward looking statements that are not historical facts, including statements about Force Protection’s 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 Force Protection undertakes no obligation to update any of them publicly in light of new information or future events. These include, but are not limited to, the benefits of Force Protection’s products to the Hungarian Ministry of Defence and the effects of establishing direct commercial relationships. 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, Force Protection’s ability to fulfill the order for the Cougar vehicles on a timely basis, Force Protection’s ability to manage its relationship with the Hungarian Ministry of Defence and other strategic partners, Force Protection’s ability to effectively manage the risks in its business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in Force Protection’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s 2008 Annual Report on Form 10-K for the year ended December 31, 2008.
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