Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: LovinCompoundInt who wrote (55197)	5/8/2006 9:08:13 AM
From: hotlinktuna	Read Replies (1) \| Respond to of 59879

Nice gain Bart! With this news on FRPT today it may see higher prices possibly: Force Protection, Inc. Announces First Delivery Order Under New Pentagon Contract Monday May 8, 7:45 am ET More Cougar Vehicles Being Delivered to Upgrade Protection for Ground Forces in Iraq LADSON, S.C.--(BUSINESS WIRE)--May 8, 2006--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has received the first delivery order under a Pentagon contract awarded Tuesday (5/2) for 48 Cougar Joint Explosive Ordnance Rapid Response Vehicles (JERRV), spare parts, and field support. All vehicles will be delivered by the end of 2006, and may include additional quantities of all items. The order is worth approximately $32 million. ADVERTISEMENT "The speed with which the Joint IED Defeat Organization funded these first 48 vehicles under the recently announced contract is striking," said Force Protection CEO Gordon McGilton. "We are gratified to see such a clear confirmation that the Cougar is a vital component of the ramp-up effort to better protect our troops and empower Iraq's military forces." Explosive ordnance disposal teams and other first response units use the Cougar JERRV for protection as they identify and disarm explosive threats. More than 120 Cougar vehicles were ordered by the U.S. Department of Defense in May 2005 for all branches of the military. No fatalities have been reported in any Cougar vehicle to date. "Force Protection will also send additional field service representatives (FSR) to Iraq and Afghanistan in advance of the vehicles to assist in training and maintenance," said Vice President of Marine Corps Programs Wayne Phillips. "This will bring to 49 the number of fully-funded FSRs and will create a support network to ensure the optimal performance and use of the Cougar vehicles the moment they hit the ground." Troops credit Force Protection's blast- and ballistic-protected vehicles with saving their lives in the face of IEDs, which have been directly linked to more deaths of U.S. soldiers than any other weapon in Iraq. More than 100 of these specialty-armored vehicles are currently deployed. About Force Protection Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to www.forceprotection.net. This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. Contact: Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild@policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015, Ext. 306 investorrelations@forceprotectioninc.com -------------------------------------------------------------------------------- Source: Force Protection, Inc.