Marion Composites Receives Shelters Contract from U.S. Army
ROSWELL, Ga., Aug. 15 - Advanced Technical Products, Inc. (NASDAQ:ATPX), announced today that its Marion Composites division has been awarded a contract for Petroleum Quality Analysis System (PQAS) shelters from the U.S. Army Rock Island Arsenal. The PQAS shelter will be used to house a mobile petroleum analysis laboratory. In order to meet the U.S. Army's specifications for this program, Marion Composites will design, develop and produce a new HMMWV mounted shelter to house the PQAS system. Total contract value, including base and contract options, is approximately $2.5M. Delivery of two prototype PQAS shelters is scheduled for November 2001.
The unique functions of the PQAS system require operators to stand while performing laboratory analysis within the shelter. Marion applied their current patent for Height Reducible EMI Shielded Electronic Enclosures to propose the new PQAS shelter that is a height extendable version of the standard HMMWV mounted S-788 shelter. As designed, the PQAS shelter extends vertically to provide a full-height working environment while maintaining EMI properties. When the extendable feature is retracted, the system maintains its compatibility with C-130 cargo height requirements.
According to Steve Sperry, Director of Shelter Operations, "We are very pleased and excited about our participation on the PQAS program. The height extendable feature adds a new dimension for highly mobile HMMWV mounted systems. This product line growth offers the U.S. Military improved system capability with potential application to numerous other programs."
Further information about the U.S. Army Rock Island Arsenal can be obtained at www.ria.army.mil .
As a leading provider of military shelters, Marion Composites has delivered in excess of 11,000 shelter systems to a variety of defense contractors and government agencies. Marion Composites also produces a wide variety of aerospace composite structures and is the world's leading manufacturer and designer of radomes for high-performance jet aircraft.
Advanced Technical Products, Inc.'s divisions include Intellitec, Lincoln Composites, Lunn Industries and Marion Composites. The Company's products are used in a variety of applications in the aerospace and defense industries, as well as commercial markets. 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 biological and chemical detection and protection systems. ATP also designs and manufactures electronic products for the specialty vehicle market. 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, such as "potential application to numerous other programs." 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.