Freshpet (NASDAQ:FRPT)
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Force Protection Inc.’s (NASDAQ:FRPT) speed of response and ability to
perform to customer requirements is playing a key role in winning new
orders for its range of survivability solutions.
Chairman and Chief Executive Officer Michael Moody, pointed to Force
Protection’s selection by the United Kingdom Ministry of Defence as the
preferred bidder for the Wolfhound Tactical Support Vehicle (Heavy)
program as an example of the way his company is strengthening its
capability to respond to urgent operational requirements, “We completed
design work and built two prototypes for Wolfhound, which is based on
our highly successful Cougar vehicle, in just 90 days. During this time
we also carried out blast tests and mobility trials.”
Executive Vice President for Customer Operations Damon Walsh stated,
“The selection of Force Protection to produce the Wolfhound confirms our
responsiveness to customer needs. We offer our customers, including the
United Kingdom Ministry of Defence, the flexibility to set aggressive
production schedules to meet their unique requirements. In addition, our
vehicles, once delivered, continue to demonstrate an operational
readiness rate exceeding 90 percent. Many truck manufacturers worldwide
offer the capability to deliver large quantities; what sets Force
Protection apart is having both delivery performance capability and the
most survivable, sustainable vehicles in the field.”
Force Protection proposes to deliver these vehicles in conjunction with
their UK integration partner, NP Aerospace.
Two customised Cougar variants are already featured in major United
Kingdom Ministry of Defence programs. The Mastiff 6x6 is in service with
British forces in Afghanistan and Iraq. Deliveries of the Ridgback 4x4
began in August of this year. The United Kingdom Ministry of Defence has
also recently ordered 24 more Mastiffs together with 14 Force Protection
Buffalo route clearance vehicles.
Michael Moody said that the increasing adoption of Force Protection
vehicles by the UK, the United States, Italy, France, Canada and Iraq
was evidence that the company had, “The right technology at the right
time. Cougar and Buffalo continue to prove their worth as the most
survivable, sustainable vehicles on the battlefield.”
For details of the new Force Protection Wolfhound Tactical Support
Vehicle (Heavy) please visit: http://www.forceprotection.net/models/tsv/
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and
manufacturer of survivability solutions, predominantly ballistic- and
blast-protected wheeled vehicles currently deployed by the U.S. military
and its allies to support armed forces and security personnel in
conflict zones. The company’s specialty vehicles, the Cougar, the
Buffalo and the Cheetah, are designed specifically for reconnaissance,
forward command and control, and urban operations and to protect their
occupants from landmines, hostile fire, and improvised explosive devices
(IEDs, commonly referred to as roadside bombs). The company also is the
developer and manufacturer of ForceArmor™ an armor package providing
superior protection against explosively formed projectiles (EFPs) now
available for a wide range of tactical-wheeled vehicles. The company is
one of the original developers and primary providers of vehicles for the
U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle
program. For more information on Force Protection and its vehicles,
visit www.forceprotection.net.
Safe Harbor Language
This press release contains forward looking statements that are not
historical facts, including statements about our beliefs and
expectations are forward-looking statements. These statements are based
on beliefs and assumptions by Force Protection’s management, and on
information currently available to management. Forward-looking
statements speak only as of the date they are made, and we undertake no
obligation to update any of them publicly in light of new information or
future events. A number of important factors could cause actual result
to differ materially from those contained in any forward-looking
statements. Examples of these factors include, but are not limited to,
our ability to fulfill the above described order on a timely basis, our
ability to effectively manage the risks in our business; the reaction of
the marketplace to the foregoing; and other risk factors and cautionary
statements listed in the Company’s periodic reports filed with the
Securities and Exchange Commission, including the risks set forth in the
Company’s 2007 Annual Report on Form 10-K for the year ended December
31, 2007.