ADSI Relocating to North Carolina
June 30 2011 - 9:00AM
Marketwired
American Defense Systems, Inc. (NYSE Amex:
EAG), a provider of protective armor solutions, fire suppression
systems, architectural hardening concepts and interactive tactical
training systems, announced today that it will relocate its
corporate headquarters and operations from Hicksville, NY to
Lillington, NC effective July 5, 2011.
The company's new address will be 420 McKinney Pkwy, Lillington,
NC 27546. ADSI anticipates that this relocation in addition to
further staff and salary reductions will save the company
approximately $1.5 million annually.
ADSI CEO Anthony Piscitelli states, "We have been proud to be
one of the few remaining government defense contractors based on
Long Island, however, it makes prudent financial sense for us to
relocate our business to a significantly lower cost center in North
Carolina. Our lower cost basis, particularly regarding logistics,
will allow us to be that much more competitive in our bid processes
and should translate to more contract wins."
About American Defense Systems, Inc.
American Defense Systems, Inc. (ADSI) (NYSE Amex: EAG) offers
advanced solutions in the design, fabrication, and installation of
transparent and opaque armor, security doors, windows and curtain
wall systems for use by military, law enforcement, homeland defense
and corporate customers. ADSI engineers also specialize in
developing innovative, functional and aesthetically pleasing
security applications for the mobile and fixed infrastructure
physical security industry. For more information about American
Defense Systems, go to www.adsi-armor.com.
American Defense Systems, Inc. 420 McKinney Pkwy Lillington, NC
27546 Contact: Gary Sidorsky (516) 398-3664 Email Contact