House & Home
House and Home
House and Home 
Wed, February 11, 2009
American Defense Systems, Inc.: ADSI Receives $750,000 Extension of Field Service Contracts for Crew Protection Kits From U.S.
HICKSVILLE, NY--(Marketwire - February 11, 2009) - American Defense Systems, Inc. ("ADSI") (
The extensions comprise two contracts with a total value of approximately $750,000 and cover periods through December 2009. They expand upon existing TACOM CPK-related contracts placed in the fourth quarter 2008 which are valued at more than $4.4 million.
"This field service program is an essential component of our ongoing program with the U.S. Army that provides protective technology on construction vehicles in military theaters overseas," said ADSI's chief executive officer, Anthony J. Piscitelli. "It is part of the contract expansion from TACOM we were anticipating for 2009, which we expect to continue into future periods as our equipment does its job of protecting our brave military service personnel in Iraq and Afghanistan."
ADSI's CPKs are custom designed and fitted to offer a maximum amount of security for the operator. The CPK features windows of fully transparent armor, opaque armor siding that has been ATC Aberdeen tested and approved to meet all Operation Iraqi Freedom requirements, a patent-pending combat lock, tool-less emergency egress windows, fortified door hinges and an integrated crew comfort system. The CPKs are modular and can be applied to the vehicle either during its assembly stateside or as a retrofit in theater. ADSI employs Field Service Representatives (FSRs) that are on the ground in Afghanistan, Iraq and Kuwait to train soldiers on the proper installation techniques and offer on-going expertise and assistance.
About the U.S. Army's TACOM Life Cycle Management Command
The U.S. Army's TACOM Life Cycle Management Command (LCMC), formerly known as Tank-automotive and Armaments Command (TACOM), headquartered in Warren, Michigan, is part of AMC, the U.S. Army Material Command. TACOM LCMC integrates Army acquisition, logistics, and technology responsibilities, authorities, and processes to enable a closer relationship among all its partner organizations that develop, acquire, and sustain the capabilities provided by ground and soldier systems around the world. Its mission is to provide and sustain mobility, lethality, and survivability for soldiers and our Allies through ground combat, automotive, marine and armaments technologies. With a workforce of approximately 3,000 personnel in Warren and over 18,000 worldwide, TACOM supports over 3,500 fielded systems and over 29,000 components that make those systems work. For more information about TACOM, visit [ www.tacom.army.mil ].
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.
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.