ATP Intellitec Division Receives Biological Protection Contract
ROSWELL, Ga., Nov. 6 - Advanced Technical Products, Inc. (Nasdaq:ATPX), announced today that its Intellitec Division has been awarded a contract for nine Low Rate Initial Production (LRIP) Joint Biological Point Detection Systems (JBPBS). The $13,267,553 contract was awarded on October 18th by the Aberdeen Contracting Division of the Robert Morris Acquisition Center, Aberdeen Proving Ground, Maryland. The LRIP units will be used to conduct First Article Testing and Operational Assessment of the system. Work will be performed in Intellitec's DeLand, Florida facility and in the Columbus, Ohio facility of Intellitec's major subcontractor, Battelle. The contract also includes training, technical manuals, system support packages and Biological Agent Warning Sensors.
According to Intellitec's Mr. Ed Joiner, Director of Engineering and Programs, "This program expands our role as a leader in the detection and protection of America's Warfighters from the threat of weapons of mass destruction. We are proud of our performance in this area and with the JBPBS program we enter into detection of biological warfare agents."
Intellitec is a leader in detection and collective protection from weapons of mass destruction. In addition, Intellitec is an industry leader in the design and fabrication of camouflage, composites components for the military and aerospace applications of the Resin Transfer Molding process, and energy and power management for specialty vehicles.
Advanced Technical Products, Inc.'s operating divisions include Marion Composites, Lincoln Composites, Intellitec and Lunn Industries. ATP designs, develops, and manufactures high-performance radomes, aircraft components, rocket motor cases, pressure vessels, fuel tanks, shelter systems and other advanced composite products utilizing various production capabilities. The Company is also a leader in the design, development and manufacture of nuclear, biological and chemical detection and protection equipment. The Company's products are used in a variety of applications in the aerospace and defense industries, as well as commercial markets.
Further information on Advanced Technical Products, Inc. is available at www.atpx.com . For more information about Battelle, contact Media Relations Manager Katy Delaney at 614-484-5544 or at delaneyk@battelle.org .
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements regarding the present intentions and expectations of management of ATP. Certain factors beyond ATP's control could cause results to differ materially from those in these forward-looking statements. Risk factors include general market conditions, dependence on the aerospace and defense industries, the level of military expenditures and competition in the markets for ATP's products, and are more fully described in filings with the Securities and Exchange Commission.
SOURCE Advanced Technical Products, Inc.
CONTACT: Ed Joiner, Director of Engineering of Intellitec, 904-738-8135, or ejoiner@intellitec.com , or Lisa Lawson, Director of Communications of ATP, 770-993-0291, or llawson@atpx.com , or investors, Harvey A. Goralnick of FOCUS Partners LLC, 212-752-9445, or atpx@focuspartners.com , for ATP
