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Fri, January 30, 2009Thu, January 29, 2009Wed, January 28, 2009Tue, January 27, 2009Mon, January 26, 2009Fri, January 23, 2009American Defense Systems, Inc.: ADSI's American Physical Security Group Awarded $6.2 Million Contract for Large U.S. Military I
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Published in House and Home on Wednesday, January 28th 2009 at 6:08 GMT, Last Modified on 2009-01-28 06:09:29 by Market Wire🞛 This publication is a summary or evaluation of another publication
HICKSVILLE, NY--(Marketwire - January 28, 2009) - American Defense Systems, Inc. ("ADSI") (
The contract, valued at approximately $6.2 million, was awarded by the primary contractor for the new installation. The project is to begin in the third quarter of 2009 and be completed by end of the year. The installation will include APSG's sliding blast magazine door systems to protect supplies of weapons and munitions. These products are part of the company's Hi-Threat™ line of forced entry, bullet and blast resistant doors, windows, louvers and security stations.
"This represents the largest single order for our new APSG unit," said American Defense Systems Chief Executive Officer Anthony J. Piscitelli, "and it will be designed to provide a high level of protection and security for the U.S. military at certain ammunition supply points. This order also reflects what we see as a growing awareness and need to protect our citizens, diplomats, and military personnel in government, commercial and military facilities around the world with advanced security and protection technologies like those provided by APSG. This customer has a number of options, so we attribute this award to our reputation for delivering and maintaining installations at the highest level of effectiveness, while also remaining cost-competitive."
About American Physical Security Group
American Physical Security Group, LLC ("APSG") products are designed to protect citizens, diplomats and military personnel in government, commercial and military facilities around the world. Tested and certified by the U.S. Department of State Diplomatic Security Bureau, APSG's products have been designed and engineered to be among the highest commercially available levels of security and precision with cutting-edge laser technology, automated milling and the strictest of quality controls. From the Hi-Threat™ line of forced entry, bullet and blast resistant doors, windows, louvers and security stations, to the American Anti Ram™ crash-tested vehicle barricades, APSG provides state-of-the-art solutions for all force protection needs.
APSG is a wholly-owned subsidiary of American Defense Systems, Inc. (ADSI), a world leader in the design, manufacture and installation of transparent and opaque armor, security door, window and curtain wall systems. For more information about American Physical Security Group, go to [ www.americanpsg.com ].
About American Defense Systems
American Defense Systems, Inc. (ADSI) offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. ADSI engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. From the New York Stock Exchange to the battlefields of Iraq and Afghanistan, ADSI proudly protects and serves those who defend, serve and protect us with an uncompromising commitment to safety and excellence. For more information about American Defense Systems, go to [ www.adsiarmor.com ]
Some of the statements made by American Defense Systems, Inc. ("ADSI") in this press release, including, without limitation, statements regarding ADSI's anticipated future growth, are forward-looking in nature. ADSI intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "expects," "anticipates," "intends," "plans," "believes," "estimates," "predicts," "potential," "forecasts," "continues" and similar expressions are forward-looking statements. ADSI cautions you that forward-looking statements are not guarantees of performance. ADSI undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause ADSI's actual future results to differ materially from those projected or contemplated in the forward-looking statements. ADSI believes that these risks include, but are not limited to: ADSI's reliance on the U.S. government for a substantial amount of its sales and growth; decreases in U.S. government defense spending; ADSI's ability to contract further with the U.S. Department of Defense; ADSI's ability to comply with complex procurement laws and regulations; competition and other risks associated with the U.S. government bidding process; changes in the U.S. government's procurement practices; ADSI's ability to obtain and maintain required security clearances; ADSI's ability to realize the full amount of revenues reflected in its backlog; ADSI's reliance on certain suppliers; and intense competition and other risks associated with the defense industry in general and the security-related defense sector in particular. Additional information concerning these and other important risk factors can be found under the heading "Risk Factors" in ADSI's filings with the Securities and Exchange Commission, including, without limitation, its most recent registration statement on Form 10. Statements in this press release should be evaluated in light of these important factors.