Some comments from the CHAIRMAN’S ADDRESS AGM 25 MAY 2007So here...

Some comments from the CHAIRMAN’S ADDRESS AGM 25 MAY 2007


So here is my summary of where we are today:

1. With a high degree of certainty Metal Storm expects to obtain orders for its 3GL system once we can demonstrate a near to commercial weapon. We expect to be able to demonstrate the prototype by the end of June and consequently expect to begin delivering 3GL systems in the last quarter of 2009.

2. Redback and related products will ready for military field trials by the end of 2007.

3. The Company is currently undervalued in my view based on the steady steps it is making towards the first of its many weapons applications.

4.Contract work in the US will continue to provide ongoing
opportunities and of course, steady income.