Force Protection's Statement on PVI's Response to Lawsuit
10:37 EDT Friday, October 05, 2007
LADSON, S.C. (Business Wire) -- Force Protection Industries, Inc. (NASDAQ:FRPT) announced today that its lawsuit against Protected Vehicles, Inc. for computer fraud, misappropriation of trade secrets, and copyright infringement was answered by a lengthy list of "meaningless counterclaims that misrepresent the facts and distract from the serious particulars of the case," according to John Wall, attorney for Force Protection.
"Force Protection's suit against Protected Vehicles is simple and unambiguous," said Wall. "It is about former principals of Force Protection who took property -- both physical and intellectual -- from the company when they resigned to allegedly form a competitive enterprise, and then used that property in violation of copyright laws and other fair business practices."
Attorneys for Force Protection dismiss the answers and counterclaims made by Protected Vehicles as an "attempt to obfuscate the facts and threaten" the leading manufacturer of blast-protected vehicles for U.S. armed forces.
"Principals of Protected Vehicles have already admitted on record to taking property belonging to Force Protection, including computer hard drives with intellectual property," said Wall. "This was property purchased and developed by Force Protection. This case is no more complex than that, and the counterclaims made by Protected Vehicles are nothing more than stale accusations that have already been addressed thoroughly and satisfactorily by Force Protection and outside agencies."
About Force Protection Inc.
Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.
Policy Impact Communications
Jeff Child, 202-737-5339
|
