S.
maidson minen
("HiEnergy
", together with its subsidiaries,
the "Company") is a nuclear technologies-based company focused
on the
commercialization of its initial proprietary, neutron-based, "stoichiometric"
sensor devices
, including (i) the CarBomb Finder(TM) 3C4, a vehicle-borne
system, for the detection and identification
of car bombs, and (ii) the
SIEGMA(TM) 3E3, a portable suitcase-borne system for the detection and
identification of home-made bombs, also known as Improvised Explosive Devices
or IEDs.
The Company also continues to focus on the research and development of
additional applications of
its technologies and their further exploitation,
both internally and through collaboration with third
parties.S. If a demonstration should not work
successfully at any time when large numbers of people
are present, the news
could spread within the homeland defense industry we are working in,
especially
among the relatively small universe of large potential governmental
agencies and other organizations
who are likely purchasers of our products.
For more information, visit http://www.karabagh eradicate
"We
are very pleased to have demonstrated the operation of the world's
first and only stochiometric explosive
detector, which deciphers chemical
formulas of unknown objects remotely through steel and online
," stated
Dr. Department of State.ravaged uxo
With the
remote operator from a distance of 100 ft.
ABOUT HIENERGY TECHNOLOGIES, INC. The actual results of the
specific items described in this
release, and the company's operations
generally, may differ materially from what is projected in
such
forward-looking statements. If commercial opportunities are not realized from the use of
the
CarBomb Finder(TM) and SIEGMA(TM) devices and we have difficulty
attracting and maintaining customers
, our ability to generate revenues will be
adversely affected.
MEDIA CONTACTS:
Norman Iannarelli
Lois Whitman
HWH Public Relations
(212) 355-5049
loisw@hwhpr.uxos unexploded
Although such statements are based upon the best
judgments of management of the company
as of the date of this release,
significant deviations in magnitude, timing and other factors may
result from
business risks and uncertainties including, without limitation, the company's
dependence
on third parties, general market and economic conditions, technical
factors, the availability of
outside capital, receipt of revenues and other
factors, many of which are beyond the control of the
company. Future changes in the existing federal regulations governing the
administration of export
controls by the U. Army Highlight Armored Vehicle's Role against
Improvised
Explosive Devices
Force Protection Industries, Inc.
The Cougar Hardened Engineer Vehicle
(HEV) was first deployed with
Marine Expeditionary Forces last October as a transport vehicle for
engineer EOD teams and has been described recently in the Marine Corps
News as a "28,550 pound
hulk of a vehicle, wrapped in steel armor and
ballistic glass.neutralization lci
The Company's "stoichiometric"
technology
, or "Stoitech(TM)" has been incorporated into additional prototype
applications which, if the Company
is able to raise the funds necessary to
commercialize them, will be the next products it attempts
to launch: (i) an
in-ground explosive screening system, the CarBomb Finder(TM) 3C5, (ii) an
anti
-tank landmine detector; (iii) an unexploded ordnance detector, which is
also useful to detect IEDs;
and (iv) a device the Company calls a
"Refractorymeter", which can detect fissures or erosions in
the ceramic lining
of oil cracking tanks.
FORWARD-LOOKING STATEMENTS
Any statements
made in this press release which are not historical facts
contain certain forward-looking statements;
as such term is defined in the
Private Litigation Reform Act of 1995, concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which
this release pertains.S.lci mine
S. HiEnergy is
currently developing prototypes in programs with the U. If
this were to occur, prospective customers could very well perceive that there
are reliability
problems with our products, which could reduce the demand for
our products. (NYSE:CAT), Allison Transmission
, a division a
division of General Motors (NYSE:GM) and Mack Trucks, Inc. "It is vital that our soldiers
have the equipment that
can withstand these attacks, and we will continue to do everything
necessary
to ensure they are supplied with this American-made
solution.unmask unexploded
In 2003, its earlier
version scored
100% in discriminating explosives from non-explosives and 80%
in identifying the exact type of explosive
in open-field live blind-tests
conducted by the U.S.
HiEnergy Technologies, Inc.
If that
were to happen, it could have a materially adverse effect upon our
ability to make sales of our products
, as well as on our overall business
operations and financial condition.
Business Editors/Defense
Writers/Government Writers
LADSON, S.'s (OTCBB:FRPT - News) mine
clearance vehicle, the Buffalo
, has received new national attention
from the media and military alike, with both CNN Late Edition
and the
U.incore uxo
, HiEnergy Technologies,
Inc. Marine Corps Base at Quantico, Virginia, 35 miles south
of the Capitol.
In the live blind-tests, an innocuous looking suitcase was wheeled next to
unmarked
metallic or cardboard containers of unknown contents. We have not had independent field testing of a
CarBomb
Finder(TM) or SIEGMA(TM) device to rate or certify its functionality in
explosive detection
, nor have we commissioned an independent market or
research study to determine its market potential
."
"Our vehicles are specifically designed to provide protection for
our troops while allowing
them to perform critical mine detection and
removal operations.
Recently dubbed an "SUV on Steroids
," the Buffalo has been in
active operations in Iraq for more than a year and is part of the
Pentagon
's hunter-killer team concept that protects convoys against
the threat of mines, IEDs and other explosive
threats. It combines
blast protection technology with a mine detection device that allows
soldiers
to conduct searches from the safety of an armored hull, and
incorporates automotive components made
by such companies as
Caterpillar Inc. These
forward-looking statements involve certain risks and
uncertainties
ultimately may not prove to be accurate. The company undertakes no obligation to publicly
update or revise any statements in this release, whether as a result
of new information, future
events or otherwise, except as required by
law.unmask minefield
Transportation Security Administration (TSA) to
produce
a proof of concept which incorporates the Company's SuperSenzor(TM)
technology into a baggage screening
system. Although we believe that the expectations reflected
in the forward looking statements are
reasonable, we cannot guarantee future
results, levels of activity, performance, or achievements
.S. Actual results and future
events could differ materially from those anticipated in such
statements
.This category is for issues around the use of landmines in the world, including sites concerning working
for a global ban on landmines, and humanitarian demining and other work being done.
ordnance unmask
C. Navy. Without
internal data in respect of these kinds of testing,
customers may be reluctant to spend the funds
necessary to purchase our
CarBomb Finder(TM) and SIEGMA(TM), or any of future prototype developments
,
and the sales cycle may be longer than we have anticipated or may not
materialize at all, either
of which events would have a materially adverse
effect on our business, operations and financial
condition.C. Yesterday (3/28),
the Buffalo was highlighted by U.landmine eod
The Company is marketing its devices
to governmental and private
entities and is negotiating licenses for distribution of its devices
with
various industry partners.
Force Protection, Inc. The
company cautions that these
forward looking statements are further
qualified by other factors including, but not limited to,
those set
forth in the company's Form 10-KSB filing and other filings with the
United States Securities
and Exchange Commission (available at
http://www.demining ordnance
----
CNN and U.C.
lci icrc
S. Department
of Commerce may
require us to obtain federal licensing, or become subject to more stringent
rules
of the U. There can be no guarantee that we will
be able to obtain such licenses at that time, or
if we can that costs of doing
so will not be prohibitive or significantly our poll of available customers
.
Other risks associated with international sales include, but are not limited
to, changes in domestic
and foreign regulatory requirements, political
instability in targeted foreign markets, differences
in technology standards,
possible foreign currency controls, longer payment cycles and inadequate
collection systems, fluctuations in currency exchange rates, inconsistent
intellectual property
protections among foreign jurisdictions, export
restrictions, tariffs, embargoes or other sales barriers
, prejudicial
employment laws and business practices, difficulties in obtaining and managing
distributors
, and potentially negative tax consequences.S. The vehicles can be configured for a wide range of
tasks
including troop transport of up to 10 personnel, Explosive
Ordnance Disposal (EOD), command and control
, reconnaissance and lead
convoy vehicle.sec.unexploded uxos
The company
disclaims any obligation to update information
contained in any forward-
looking statement. These specialty vehicles
are protected against landmines
, hostile fire, and Improvised
Explosive Devices (IEDs, commonly referred to as roadside bombs).incore landmine
HiEnergy
Showcases Its Stoitech(TM) Explosive Detection Technology to Counter-Terrorism Experts
The
demonstration was organized by the FBI's Explosives Unit and the
Washington, D. Yesterday's event
was the first live blind-test
demonstration of Stoitech(TM) and the SIEGMA(TM) 3E3 to the U. Furthermore
, we have no
indication that the success of the live blind-test described in this
announcement
will lead to any sale of our products. Central Command depicting the armored vehicle as an effective
solution to the threat of improvised explosive devices (IEDs) in Iraq.
To date, the Buffalo has
been used to clear nearly 36,000
kilometers of roads and find more than 220 IEDs.maidson infocentre
IRVINE, Calif
. Maglich, the inventor and CEO of HiEnergy. Counter-
terrorism community. Department of
Defense
and the Department of Homeland Security for other related uses of its
core technology. We also have
not had the ability to undertake extensive
testing in real-world situations, and cannot with certainty
explain how the
device would be impacted by severe weather, burning or excessive heat, a
wartime
environment, various topographies or other circumstances which maybe
of particular importance to
certain prospective customers or in certain
regions.C. The vehicles are manufactured outside
Charleston
, S.nagorno minefield
Maglich, "in order to put these tools in the
hands of our first responders at home and our troops
and allies overseas as
soon as possible.S.S.
Force Protection's mine and ballistic protection
technology is among
the most advanced in the world.com
This release contains forward-looking
statements, including,
without limitation, statements concerning our business, future plans
and
objectives and the performance of our products.maidson eod
Metropolitan Police Bomb Squad and was held at the
U
. We are proud to supply vehicles that are being
used to stabilize conditions there," said Force Protection
Vice
President Michael Aldrich.gov).infocentre icrc
S.
"We are working diligently to accelerate our commercialization
and
manufacturing efforts," added Dr. In some cases, you can identify
forward looking statements
by terminology such as "may," "will," "should,"
"could," "intend," "expects," "plan," "anticipates
," "believes," "estimates,"
"predicts," "potential," or "continue" or the negative of such terms or
other
comparable terminology. or foreign regulatory bodies will not limit, or be a bar to,
our
ability to deliver against orders or potential customers purchasing our
products.
As a defense
products company, we are sometimes requested or required to
demonstrate our technologies and our
products at varying stages in our
development.Force Protection Industries Inc.'s Buffalo Mine Clearance
Vehicle Receives National Media Attention
"
Fast becoming the center for blast protection technology
and
counter-IED research on the East Coast, Ladson, S. Technical complications may arise that could
prevent the
prompt implementation of the strategic plan outlined above.unmask safelane
"
The SIEGMA(TM) 3E3
was first successfully tested in Madrid, on October 29,
2004, before an audience of 300, at the NATO
Symposium on Improvised Explosive
Devices, or IEDs, the official name for homemade bombs. To date
, the Company has devoted the bulk of its
efforts and resources to the research, design, testing and
development of
proprietary "stoichiometric" sensor devices and underlying technologies, and
has
yet to generate meaningful revenues from the sale of any products using
its technologies.com
, a division
of Volvo Group (Nasdaq:VOLVY).forceprotectioninc.incore landmine
Bogdan C. Moreover, neither
we nor any other person assumes responsibility for the accuracy and
completeness of such statements
. To the
extent that any product or technology may not work in the manner in which it
is intended
, such prospective purchasers and/or funding sources may lose
confidence in our products and technology
, and may determine not to purchase
any products or fund any developments. A
significant increase
in the amount of maintenance required to keep the devices
operating may result in unforeseen problems
or customer dissatisfaction.
"IEDs and roadside bombs are a daily feature of current combat,"
said
Aldrich.infantryman minen
, the device was able to correctly
discriminate in each of the tests explosives from non
-explosives in a matter
of 35 seconds to 5 minutes, depending on the mass of explosive.
These
forward looking statements involve known and unknown risks,
uncertainties and other factors that
may cause our actual results, levels of
activity, performance, or achievements to be materially different
from any
future results, levels of activity, performance, or achievement expressed or
implied
by such forward looking statements. manufactures ballistic and mine protected
vehicles through its
wholly owned subsidiary.karabagh landmine
Army and Marine Corps. In addition to the risks described above,
additional
risks affecting our Company can be found in our periodic reports
filed with the Securities and Exchange
Commission under the Securities
Exchange Act of 1934.
There can be no assurance that the need
to obtain export licenses,
end-user permits, and/or to comply with any future regulations which may
be
adopted by U. Such demonstrations may be in front of potential purchasers of
the products
, and/or sources of grant or private equity funding.
To the best of our knowledge, as of the date
of this announcement, no
customer, industry partner or governmental entity has used a CarBomb
Finder
(TM) or SIEGMA(TM) device to detect explosives, other than in
demonstrations. Consequently, the
commercial
viability of the CarBomb Finder(TM) and SIEGMA(TM) is unproven at
this time. We also are unable
at this time to qualify the amount and
frequency of maintenance to be required by CarBomb Finder
(TM) and SIEGMA(TM),
as we have no reference data regarding real world use of the devices and we
have
limited experience in causing, or simulating, extensive usage.
The Buffalo was featured Sunday (3
/27) during CNN's Late Edition
as one of the tools being used to protect troops against explosive
threats in the aftermath of the Falujah invasion."
About Force Protection, Inc.unmask minen
(OTC Bulletin
Board: HIET) (the "Company" or "HiEnergy") is pleased to
announce that yesterday the Company successfully
completed live blind-tests of
its suitcase-borne detector of homemade bombs, the SIEGMA(TM) 3E3 to
an
audience of 32 federal, state, and local homeland security professionals from
police departments
, port authorities, bomb squads and special operations
divisions from across the country, as well
as representatives from Turkey and
the U.S. Recently, it entered into a funded cooperative development
agreement with the U. Central Command at Camp Tigerland
in Baghdad as the newest addition to the
Tiger Brigade in the Army's
1088th Engineering Battalion, noting that the 23-ton vehicle is "made
of monstrous proportions and appears to be virtually unstoppable.-based Force
Protection also
produces the Cougar series, a family of medium-size
mine-protected vehicles that can be supplied
in four-wheel or
six-wheel models.minen karabagh
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