MST metal storm limited

Page 1 of 2Metal Storm Winning Team Memberon Multiple Awardsfor...

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    Metal Storm Winning Team Member
    on Multiple Awards
    for Force Protection Contracts

    Arlington, Virginia ? 25 August 2011: Metal Storm Limited.
    Metal Storm Limited today announced that Metal Storm, Inc. is a teaming partner with seven
    companies that have received awards to provide Force Protection Systems for Integrated Base
    Defence capabilities for CONUS and OCONUS security of sites and personnel.
    These Indefinite Delivery / Indefinite Quantity contracts (?ID/IQ?), issued by the Department of the
    Army were in response to the Force Protection Omnibus solicitation. A total of nineteen (19)
    companies were awarded a total of twenty-one (21) awards. Metal Storm, Inc. partnered with seven
    (7) of the successful prime contractors on the submissions representing a total of nine (9) of the
    twenty-one (21) awards granted.
    The Force Protection contracts have a budget of $997,000,000 to allocate to the 10 objectives of the
    program. No contract has an allocated budget at this stage and prime contractors must now bid on
    task orders to receive funding.
    Commenting on the awards, Mr Peter D. Faulkner, President of Metal Storm Inc. said ?Of the Army?s
    10 primary objectives, Metal Storm?s MAUL and FireStorm product lines are very closely aligned with
    the Autonomous Unmanned Systems (Remotely Operated Weapons) and Lethal and Non-Lethal
    response capabilities.?
    Metal Storm, Inc. is able to support the two objectives with their MAUL? (Multi-shot Accessory Underbarrel
    Launcher) and FireStorm? FURY weapons platforms and lethal and less-lethal suite of
    munitions. Based on Metal Storm?s Electronic Ballistics Technology, the MAUL?, an individual
    weapon platform, and the FireStorm? FURY, a mounted Remotely Operated Weapons System, have
    the ability to fire both lethal and less-lethal munitions at high rates of fire.
    ?An ID/IQ Omnibus gives the Army the flexibility to rapidly generate individual task orders against the
    ten objectives? explained Faulkner. ?We will be working closely with the Prime Contractors who have
    chosen us for their team to identify and capture task orders requiring our unique capabilities.?
    The Company expects to receive further information in due course and will keep the market informed
    as events occur.
    ENDS
 
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