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IN THE NEWSForce Protection Extends Agreement with South African Technology PartnerPublisher: Force Protection, Inc.Date: 09/29/2006 Ladson, SC - Force Protection, Inc. (OTCBB:FRPT) today announced that it has reached an agreement with Mechem, a division of Denel PTY of South Africa, to extend the term of their relationship for an additional five years effective September 13, 2006. Under the agreement, Mechem, an organization that specializes in the supply of landmine detection, de-mining, and unexploded ordnance disposal equipment and services, will continue to work exclusively with Force Protection on all projects relating to the exploitation of its technology. “We are extremely pleased to continue this important relationship,” said Force Protection CEO Gordon McGilton. “As a world leader in the field of humanitarian de-mining, Mechem has unequaled knowledge and expertise in the detection, removal and defeat of all types of explosive devices. They will be an invaluable resource to Force Protection's expanding R&D initiatives.” Force Protection manufactures the Cougar and Buffalo mine-protected vehicles that have been deployed in Iraq and Afghanistan since 2003. Despite thousands of mine detonations and IED attacks, no fatalities have occurred in a Force Protection vehicle. About Mechem MECHEM, a division of DENEL (Pty) Ltd (South Africa), specializes in the supply of landmine detection, de-mining and unexploded ordnance disposal equipment, services and consulting. It was established in the late 1960's, originally as a research unit of the Council for Scientific and Industrial Research (CSIR) in South Africa, culminating into a division of DENEL (South Africa). MECHEM has been involved in the research and development of anti-landmine technology for the past 30 years. 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 http://www.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. Back |
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