Intellitec Wins Lightweight Camouflage Contract
ROSWELL, Ga., Dec. 4 - Advanced Technical Products, Inc. (NASDAQ:ATPX), announced today that its Intellitec Division has been awarded a contract for Lightweight Camouflage Screen Systems (LCSS). The $4,989,855 contract was awarded by the United States Army Communications -- Electronics Command ("CECOM") of Fort Monmouth, New Jersey. This contract provides CECOM the option of increasing the production quantity by 100%. The work will be performed at Intellitec's DeLand, Florida facility.
"Intellitec is pleased to be presented with the opportunity to provide camouflage systems to America's Warfighters," stated John Auton, Intellitec's Program Manager for Tactical Deception. "These systems are designed to avoid detection of equipment and personnel from visual, radar and near infrared devices. As a primary manufacturer of camouflage systems for the U.S. Military for more than 20 years, Intellitec is well positioned to continue development and manufacture of various camouflage systems to counteract emerging target acquisition threats."
In addition to its involvement in camouflage systems, Intellitec is recognized as the industry leader in chemical/biological detection systems, composite components for military and aerospace applications utilizing the Resin Transfer Molding process, electro-optical and infrared components, and energy/power management systems 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 .
"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.
Contact: John Auton, Program Manager of Intellitec, 904-736-1700, or jauton@intellitec.com , or Lisa Lawson, Director of Communications of ATP, 770-993-0291, or llawson@atpx.com , or Investor Relations, Harvey A. Goralnick of FOCUS Partners LLC, 212-752-9445, or atpx@focuspartners.com