Armor Designs Announces Contract Update
TEMPE, Ariz., Aug. 1, 2014 -- Armor Designs, Inc. (LSE: ADID)("Armor" or the "Company"), a leading designer, integrator and manufacturer of armor solutions for military, government and commercial use, today provides an update on a contract with a major aircraft manufacturer. Pursuant to an announcement on May 7, 2014, Armor submitted a proposal to act as subcontractor to an aircraft manufacturer to be the preferred supplier of armor products for aircraft used by the U.S. Department of Defense. Armor remains in continued discussions with the aircraft manufacturer, and those discussions are progressing positively, although the process is taking longer than originally anticipated. Armor expects to hear within the next month whether its proposal has been successful and will provide further updates as appropriate.
For further information:
|Dennard Lascar Associates, LLC.
M. Carol Coale
|Armor Designs, Inc.
David L. Oliveira
|Tel: +1 520 329 7686|
|SP Angel Corporate Finance LLP
|Tel: +4420 3463 2260|
About Armor Designs, Inc.
Armor Designs, Inc. (ADI) is a knowledge-based, technology-innovation company that develops and manufactures the highest quality, lightest and most cost-effective armor solutions to serve the military, government and commercial sectors on a global basis. We are an international company headquartered in Phoenix, Arizona, and our commitment to state-of-the-art innovation is driven through the application of our patented Volumetrically Controlled Manufacturing (VCM) methodologies. VCM is a unique, integrated design and manufacturing approach that optimizes parts and systems by varying the size, shape, topology and material properties of the constituent materials in the armor allowing for rapid design and manufacturing of advanced composite materials. This methodology eliminates the trial-and-error approach and instead provides a robust platform for a rapid development of armor solutions that can be tailored for any application.
The Report and Accounts will shortly be available on the Company website, www.armordesigns.com. Please also refer to our Annual Report for complete financial statements.
For more information, please visit the Armor Designs web site at www.armordesigns.com.
Safe Harbor Statement and Disclaimer
This news release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward looking words including "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Armor Designs believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company.
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