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Technology Stocks : Firearm Training Systems (FATS)

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To: Carl Brehm who wrote (113)10/9/2003 11:46:45 AM
From: mtnres   of 115
 
October 08, 2003 10:54

Firearms Training Systems, Inc. Announces $1.5M Contract Extension from the UK Ministry of Defence for Additional Support & Training

SUWANEE, Ga.--(BUSINESS WIRE)--Oct. 8, 2003--Firearms Training Systems, Inc. (OTC: FATS) announced today receipt of a contract award to support the United Kingdom Ministry of Defence, for support and training services valued at approx. $1.5M.

This award coincides with the commencement of the delivery of the initial $16M DCCT program awarded to FATS, Inc. early last year following recent trials completion and acceptance.

CEO & Chairman Ron Mohling commented: "This award coincides with the successful acceptance of the DCCT equipment placed into service and reflects the confidence in the FATS Corporation through its UK facility to support this customer. This contract extension will provide support & training services for the BSAT systems as DCCT systems are brought into service. This shows the confidence the British MoD has in the after sales service provided by FATS as we enter our 11th year of support to this customer and further demonstrates how important FATS regards this vital aspect of our customer service after delivery of our products."

FATS(R) is an ISO 9000 certified company and is the leading worldwide producer of interactive simulation systems, incorporating exceptional advanced technology, designed to provide a comprehensive range of military and law enforcement training capability including the handling and employment of small and supporting arms, judgmental, tactical, and combined arms.

CONTACT: Firearms Training Systems, Inc., Suwanee
John Morelli, 770-622-3337
jmorelli@fatsinc.com
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