GRDN, news:CAREFREE, Ariz., May 29, 2001 (BUSINESS WIRE) -- Guardian Technologies
International, Inc. (Nasdaq/SC:GRDN), announced today that the President of
merger candidate Vairex Corporation has been selected as Chairman of the F-Cells
2001 Fuel Cell Conference to be held in London, England on August 30-31, 2001.
The conference is sponsored by the International Quality & Productivity Center
(IQPC) and will focus on the commercialization of stationary fuel cell
applications.
Some of the participants at this year's conference are Fuel Cell Energy, Rolls
Royce, UBS Warburg, Alstom/Ballard, Hamburgische Electricitats-Werke, and Nuvera
Fuel Cells Europe, to name a few.
The conference will bring fuel cell developers together with end users, the
investment community and utilities to address cost and performance issues
surrounding market entry of products. The theme for the event is cost reduction
strategies for utilities, residential and industrial applications in preparation
to meet the needs of the rapidly emerging fuel cell market.
The IQPC is dedicated to providing practical, detailed information through
conferences held at both the national and international level. By providing
accurate, objective and up-to-date developments and trends in various industries
and government, IQPC enables organizations to remain competitive and profitable
(for more information please send e-mail to fcstationary@iqpc.co.uk or visit the
fuel cell conference website at www.f-cellsnetwork.com).
"I am very excited and pleased to be presented with the honor of being named
Chairman of the F-Cells 2001 conference," stated Ski Milburn, President of
Vairex. "I've been attending IQPC fuel cell conferences for years and have found
that they draw an unusually high caliber of speakers and attendees. This
Chairmanship is just further validation of the quality of work at Vairex and an
opportunity to spread the Vairex story to customers, strategic partners and
investors in the European Community," concluded Milburn.
ABOUT VAIREX (For more information, visit Vairex's website at www.vairex.com)
Vairex was founded in 1987, to develop advanced, proprietary, oil free
compressor technology for automotive and industrial applications and has been
engaged in the emerging fuel cell industry for over six years. The Company's
technical leadership has led to two major DOE development contracts and
prototype sales to industry leaders such as Ballard, GM, Energy Partners and
others. Most recently Vairex has delivered evaluation units to McDermott
Technology and Fiat.
ABOUT GUARDIAN
Guardian, through its wholly-owned subsidiary Guardian Security & Safety
Products, Inc. (GSSP), serves the law enforcement, security and military
communities and the global security industry. GSSP's majority-owned subsidiary,
ForceOne, LLC, manufactures a variety of high-end ballistic protective equipment
including patented personal protection devices commonly referred to as body
armor. Guardian, through its wholly-owned subsidiary Guardian Steel, is engaged
in structural steel fabrication and provides among its products, structural
steel used primarily in military base refurbishments and other projects under
Federal contract.
The statements made in this press release contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934 that involve a number of risks and
uncertainties. Actual events or results may differ from the Company's
expectations. In addition to the matters described in this press release, risk
factors listed from time to time in the Company's SEC reports and filings,
including, but not limited to, its report on Form 10-QSB for the quarter ended
September 30, 2000 and its report on Form 10-KSB for the year ended December 31,
1999, may affect the results achieved by the Company.
CONTACT: Guardian Technologies International
J. Andrew Moorer, 480/575-6972
480/488-2384
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KEYWORD: ARIZONA ENGLAND UNITED KINGDOM
INDUSTRY KEYWORD: AUTOMOTIVE
ENERGY
MERGERS/ACQ
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