BlastGard International to Further Commercialize Its Anti-Terrorism Technology in Acquisition of Acer Defense Product Line
May 31 2011 - 9:30AM
BlastGard International, Inc. (OTCBB:BLGA) is further advancing its
product line as a fully commercialized company by acquiring four
developed product lines from Acer Defense ("Acer"). Acer was formed
to develop lightweight armor systems for use in safer solutions
which include: an explosive storage unit that meets the US Military
requirement for Limited Arc Magazines; a novel lightweight armor
that outperforms Kevlar but can be made for a fraction of the cost
of Kevlar and similar products depending on choice of materials; a
lightweight thermal barrier that can withstand a 1500 F direct
flame for 6 hours; and a modular, flat packed, light weight and
high performance wall that can be delivered by helicopter into a
operational theater and erected by a four man team in a few hours.
All 4 products were designed with BlastWrap in mind for blast
mitigation applications.
Mitch Silverman, President of Acer Defense, said, "This
acquisition affords BlastGard a unique and attractive opportunity
to deliver innovative technology and valuable products to its
military and international customers. During this time of increased
danger from terrorism, BlastGard's anti-terrorism technology will
directly protect against improvised explosive devices (IED's), will
secure military ordinance from sympathetic detonation and play a
vital near-future role in the protection of government, commercial
and residential property."
Michael Gordon, BlastGard CEO, said, "These developed products
will certainly accelerate our efforts to advance our
commercialization and provides us with a meaningful product line
for military sales, which we anticipate will provide immediate
benefits to our military sector initiatives."
About BlastGard International, Inc.
BlastGard International, Inc., doing business as BlastGard
Defense Group, manufactures and markets proprietary blast
mitigation materials through BlastGard International and designs,
manufactures and distributes a unique range of leading security
products and personal protective gear through HighCom Security. The
Company's patent-pending BlastWrap® technology effectively
mitigates blast effects and suppresses post-blast fires. This
unique technology can be used to create new, finished products or
be used to retrofit to existing products. BlastGard's core market
focus is on blast effects mitigation for the commercial sector,
military, law enforcement and government agencies. HighCom provides
a wide range of security products and personal protective gear
(including tactical armor) that are tailored and offer protection
solutions to specific customer requirements. Given the equipment
and ballistic protection solutions provided by HighCom, compliance
with the U.S. Department of Commerce, U.S. Department of State,
U.S. Department of the Treasury and all other governmental
agencies' regulations is a high priority. HighCom has sold its
products in the defense and law enforcement sectors and is known
for innovative technology, exceptional customer service and
superior quality performance. Additional information on BlastGard
Defense Group's companies can be found at
http://www.blastgardintl.com; http://www.highcomsecurity.com; and
http://highcomonline.com.
"Safe Harbor'' statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by
management are not necessarily the most likely and may not
materialize. In addition, other important factors that could cause
actual results to differ materially include the following: the
Company's ability to market its products; the Company's ability to
obtain additional funding; the Company's ability to obtain
regulatory approvals on new products, the general economy;
competitive factors; ability to attract and retain personnel; the
price of the Company's stock; and other risk factors. The Company
takes no obligation to update or correct forward-looking
statements.
CONTACT: BlastGard International, Inc.
Michael J. Gordon
(727) 592-9400
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