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American Defense Systems, Inc. “ADSI”
(AMEX: EAG), offering advanced solutions in the design, fabrication
and installation of transparent and opaque armor, security doors,
windows and curtain wall systems, announced today that ADSI is
developing ship window prototypes designed by Genvac Aerospace, Inc.
(Genvac) a Cleveland, Ohio based thin film technology company. ADSI will
provide ballistic windows that incorporate thin film coatings required
to prevent condensation in cold climates and reduce glare. The windows
are being delivered by Genvac under contract with BAE Systems Australia
for use by the Australian Navy.
Anthony J. Piscitelli, Chief Executive Officer of American Defense
Systems, Inc., remarked, “ADSI is proud to
work with Genvac Aerospace, Inc. and BAE Systems Australia to deliver
the thinnest, lightest transparent armor for the Australian Navy.
Combining the strength of our ballistic assembly with thin film enabled
heating and antiglare capabilities affords the vessel with superior
protection and visibility. We certainly look forward to a successful
program and the prospects of future projects with this team.”
About American Defense Systems, Inc.
American Defense Systems, Inc. “ADSI”
(AMEX: EAG) 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, Inc. please visit
the corporate Web site at http://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,”
“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.