is this a far better deal?, page-34

This is somewhat dated & signed by Smithy!! 20/2/06 but would think it still current,also note it is for weapons systems not just ammo
Cheers,
mrdog.

Metal Storm Limited
Level 34 Central Plaza One
345 Queen Street
Brisbane Qld 4000
GPO Box 1097
Brisbane Qld 4001
Tel: 61 7 3221 9733
Fax: 61 7 3221 9788
Web Sit: www.metalstorm.com
Email Address: [email protected]
20 February 2006
The Manager
Company Announcements Office
Australian Stock Exchange Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000
Joint News Release
Dear Sirs,
Please find attached copy of a Joint News Release by Metal Storm Limited and Singapore
Technologies Kinetics which is planned for release to the media at 12:00 noon AEST today.
Yours faithfully,
James D MacDonald
Company Secretary
Attachment
METAL STORM AND ST KINETICS SUCCESSFULLY
FIRES JOINTLY-DEVELOPED HIGH EXPLOSIVE
STACKED ROUNDS
Singapore, 20 February 2006 Metal Storm Limited and Singapore Technologies Kinetics (ST Kinetics)
are pleased to announce the successful firing of a range of jointly-developed, stacked configuration low
velocity 40 mm electrically ignited munitions (EIM). The firings included high explosive (HE) munitions;
enhanced blast explosive (EBX) munitions and air burst munitions (ABM). Less than lethal (LTL)
munitions development will be undertaken in the future.
The firings follow from a teaming agreement that was signed by both parties in September 2005 to codevelop,
produce and market 40 mm munitions for Metal Storm weapon systems. The agreement also
provides for a broader relationship in which ST Kinetics would market Metal Storm 40 mm weapons
systems in selected markets.
The firings, which were completed last week at ST Kinetics Bukit Timah range in Singapore, validate the
compatibility between Metal Storms stacked round technology and selected ST Kinetics commercially
available warheads.
ST Kinetics is keen to become a total solutions provider for 40 mm munitions, encompassing both lethal
and less than lethal products. We are delighted with the results of our joint developments and their
compatibility with Metal Storms weapon systems. We look forward to capitalising on these initial
achievements to further the commercial opportunities between our companies under our teaming
agreement.
~ SEW Chee Jhuen
Deputy President (Operations) and President Defence Business, ST Kinetics
The significance of these firings is that we can now take selected ST Kinetics commercially available, off
the shelf warheads and combine them with our own stacked munitions technology to provide an
expanding suite of explosive and less than lethal munitions. The ability to use ST Kinetics off the shelf
warheads is a major commercial step for the company. It positions us to demonstrate a range of
selectable munitions in our integrated weapon systems to defence customers. We value ST Kinetics
support in achieving this outcome, and plan to utilise this range of munitions in a number of existing and
planned weapon system projects. ST Kinetics munitions are very much a key element in many of our
future projects.
~ David SMITH
Chief Executive Officer, Metal Storm Limited
Metal Storm is exhibiting its technology as a guest of ST Kinetics at the Asian Aerospace Exhibition in
Singapore 21- 26 February 2006.
*****