MST 0.00% 0.1¢ metal storm limited

With all the dilution that has occured and with more still to...

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    With all the dilution that has occured and with more still to come I don't know what this will mean for metalstorm and it's cordial?


    http://www.army-guide.com/eng/AGM.php?issue=80

    Brisbane, Australia -- Defence technology specialist
    Metal Storm Limited has announced that Metal
    Storm Incorporated (MSI) has completed all of the
    requirements under the Mission Payload Module
    Non-Lethal Weapon System (MPM-NLWS)
    Technology Development Phase contract. The US
    Government has provided written confirmation that
    all Contract Data Deliverables have been received
    and accepted.

    Metal Storm has been a participant in the program
    since 2005 when the Marine Corps began evaluating
    alternative solutions for the MPM program. This latest
    phase of the Procurement Process required the
    development of a non-lethal payload with suppressive
    effects. This was subjected to exhaustive testing by the
    U.S. Marine Corps. Additionally, a representative system
    was developed and fitted to the Marine Corps
    Transparent Armoured Gun Shield (MCTAGS) to
    facilitate evaluation of human systems integration.
    Metal Storm, Inc. President, Peter D. Faulkner stated,
    "Our participation in the Technology Development phase
    of the program allowed Metal Storm and its team
    members to better understand the unique requirements of
    the MPM program. We were able to solve many of the
    difficult challenges in developing a system that
    maximizes the incapacitating effects while at the same
    time, minimizing the risk of significant injury to the
    targeted personnel."
    Metal Storm developed a version of its FireStorm that
    can deliver a large volume of non-lethal munitions at
    ranges up to 150 meters. The munition was co-developed
    with Safariland, (a division of BAE) which was
    demonstrated in a series of tests witnessed by the U.S.
    Marine Corps.
    John Kapeles, Safariland Site Director, Operations and
    Engineering said "Safariland, a BAE Systems Company,
    is proud to partner with Metal Storm, Inc., on the
    MPM-NLWS development and demonstration program.
    Safariland's primary area of focus was development and
    characterization of an explosive payload design to meet
    the system requirements for light and sound stimuli,
    personnel incapacitation, and non-lethal effects. The
    successful payload characterization tests conducted as
    part of this effort demonstrated a significant
    improvement in the ability to meet operational
    requirements requiring a robust, reliable and quantifiable
    non-lethal human effect. The non-lethal human effects,
    combined with the high-volume payload delivery made
    possible by the Metal Storm launcher system, will
    provide the warfighter an increased capability to project
    non-lethal force accurately at extended ranges."
    Mr. Faulkner said "The next step in the Marine Corps
    acquisition process will be the Engineering &
    Manufacturing Development (EMD) phase. Under EMD,
    the selected system will be more fully developed to a
    production ready state. We are anticipating the source
    selection process for EMD to begin in Q4 of this year."
 
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