PSP Announces New Electronic Soldier Systems Technology for Body Armour
KELOWNA, BRITISH COLUMBIA–( EMWNews – March 28, 2008) – Pacific Safety Products Inc. (TSX VENTURE:PSP), a leader in the field of protective body armour and soldier systems equipment, announced today that the company will be demonstrating its novel Moisture Detection Liner for soft body armour vests at CANSEC 2008. In the past, moisture in body armour has been shown to degrade the ballistic performance of the material thereby potentially reducing the protection afforded to the wearer of the vest. PSP’s unique system is sewn inside the ballistic material and can detect the presence of minute traces of water in the fabric. A micro control panel only 4mm thick and 5 cm long can detect as little as 1 millilitre of water. With the ballistic material comprising as much as 70% of the value of body armour, this technology can aid the control and inspection of armour vests in the field or storage thereby preserving valuable investments in soldier or law enforcement equipment.
“We are proud to continue to develop and deliver innovative solutions that enhance the safety of our military and law enforcement personnel and reduce life cycle cost to our customers,” stated Jacques Bonaventure, Vice President Corporate Development, Pacific Safety Products Inc.
PSP will be displaying its body armour, helmet systems and electronic products at the 2008 CANSEC Exhibition, April 9-10 at the Ottawa Convention Center in Ontario, Canada. Attendees are invited to visit Pacific Safety Products booth #806 to view solutions and speak with company executives.
The mission statement of Pacific Safety Products Inc. is …we bring everyday heroes home safelyTM. PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products for the defence and security market. These products include body armor to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects, and protective products against chemical and biological hazards. PSP is the largest armor manufacturer in Canada, directly supplying the Canadian Department of Defence, Federal Government Agencies and major Canadian law enforcement organizations. The Company also provides specialized law enforcement and safety products through APS Distributors, a wholly-owned subsidiary that services law enforcement and public safety agencies across the country. The Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body armor products to U.S. based law enforcement and private security firms. The Company also produces tactical clothing and emergency medical kits. Pacific Safety Products is a reporting issuer in British Columbia, Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX Venture Exchange.
Forward-Looking Statements: This release may contain forward-looking statements based on management’s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “projects”, “indicates”, and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents which may be filed with the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission, the TSX Venture Exchange, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw material, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales in some products.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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