MST metal storm limited

idex 2009, page-8

  1. 20,536 Posts.
    lightbulb Created with Sketch. 1833
    This is part of an interview on corporatefile with Lee Finniear last July, it seems to indicate that the Redback and the Firestorm weapons will be ready for market before the 3GL?

    http://www.reuters.com/article/pressRelease/idUS67330+15-Jul-2008+MW20080715

    "As qualified ammunition is needed for the weapons qualification process,
    our plan is to complete ammunition qualification for transportation and
    safe man-firing by the end of this year, and then complete the 3GL
    qualification shortly after. Our 40 mm ammunition can be fired in other
    Metal Storm 40 mm systems, such as FireStorm and Redback, so we would also
    be able to supply these weapons to the market complete with qualified
    ammunition while we are bringing 3GL to full production.

    "As soon as qualification is complete, we'll be running a series of
    demonstrations to pre-qualified prospects and military forces who express
    an interest. We'll then complete an initial production run of 3GL weapons
    that will be made available for military trials. Meanwhile we also intend
    to sell our multi-barrel weapons systems in quantities that can be
    fulfilled without the need for a full-time production line."
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.