LADSON, S.C., May 31, 2011 /PRNewswire/ -- Force Protection Industries, Inc., a wholly owned subsidiary of FORCE PROTECTION, INC. (NASDAQ: FRPT), announced today the formation of Team Timberwolf on the eve of CANSEC, Canada's foremost defence and security technology showcase. Team Timberwolf is comprised of Force Protection Survivability Solutions Canada, CAE, Elbit Systems and Lockheed Martin Canada to compete for the Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) project.
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Team Timberwolf will offer a complete vehicle system and comprehensive in-service support solution. The vehicle is based on the battle proven Cougar vehicle with independent suspension, integrated C4ISR and dual remote weapons systems. Team Timberwolf will debut at CANSEC 2011 to be held June 1-2 at the Lansdowne Park in Ottawa. Visitors can see video of Timberwolf in action at CAE's booth (#3201) during the CANSEC exhibition, and also visit the Team Timberwolf outdoor display (#315).
Randy Hutcherson, Chief Operating Officer of Force Protection, said, "Team Timberwolf was formed to give Canadian Forces the best and most complete system offering available on the market today in terms of survivability, situational awareness, fighting capability and reparability. We are pleased that CAE, Elbit Systems and Lockheed Martin Canada are part of the team offering Canada the best solution for the TAPV project. The Industrial and Regional Benefits (IRB) developed through the growing Canadian team will be a direct benefit to Canadian companies in the regions responsible for delivering components for Team Timberwolf."
Force Protection Industries, Inc. previously announced that it has been selected by the Canadian Government as one of the competitor companies qualified to provide up to 600 wheeled combat vehicles and related long term support services. The Canadian Department of National Defence (DND) expects to award a contract to the final selected bidder by early 2012. Force Protection also previously announced that it has entered into teaming agreements with CAE, Elbit Systems and Lockheed Martin Canada for the TAPV project.
About Team Timberwolf
Team Timberwolf is a collaboration between Force Protection Industries, Inc., CAE, Elbit Systems and Lockheed Martin Canada to provide the Canadian Forces a complete vehicle combat system for the TAPV project. CAE would have overall responsibility for the comprehensive in-service support (ISS) solution. Elbit Systems will be the exclusive provider of the Dual Remote Weapons System (DRWS) while Lockheed Martin Canada would provide the integrated C4ISR system. For more information on Team Timberwolf visit www.teamtimberwolf.ca
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, including the Buffalo, Cougar, Ocelot and related variants, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing the JAMMA, a new vehicle platform that provides increased modularity, transportability, speed and mobility. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of skilled field service representatives, and advanced driver and maintenance training programs. For more information on Force Protection and its products and services, visit www.forceprotection.net
Force Protection, Inc. Safe Harbor Statement
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection's management, and on information currently available to management. These forward looking statements include, among other things: the growth, demand and interest for Force Protection's services and vehicles; the ability to meet current and future requirements; and, the Company's execution of its business strategy and strategic transformation, including its opportunities to grow the business. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company's business; the ability to win future awards and finalize contracts; the ability to develop new technologies and products and the acceptance of these technologies and products; and the other risk factors and cautionary statements listed in the Company's periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and in the Company's Quarterly Report on form 10-Q as amended on March 31, 2010.
Media Contact:
Tommy Pruitt
Senior Communications Director
843.574.3866
[email protected]
Investor Relations Contact:
Wes Harris
Investor Relations Director
843.574.3892
[email protected]
SOURCE Force Protection, Inc.
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