RNS Number : 0977K
  Armor Designs, Inc.
  15 December 2008
   

    

   15 December 2008

    AIM TRADING SYMBOL: ADID, ADIS

    Independent ADI valuation report 


    Armor Designs Inc., ("ADI", or the "Company"), a knowledge-based company in Phoenix, Arizona, USA, specialising in next-generation
composite armour, today announces that a detailed valuation report on the company has been carried out independently by ipCapital Group
("ipCapital"), the intellectual property strategy advisers. The report puts a current discounted cash flow ("DCF") value on ADI of $775m or
$26 a share.

    The independent report, which was commissioned by ADI, bases its DCF valuation on a combination of the technology milestone achievements
in the body, vehicle, energy, and construction armour sectors already achieved by the Company and on a detailed analysis of the Net Present
Values of potential future revenues. The report assesses the current status of each research and development effort at ADI and determines
its relative contribution to the present day DCF value of the company. The analysis is a formal valuation report and should not be taken as
a revenue projection.  

    ipCapital concludes that ADI's real value lies in its ability to generate revenues from manufacturing, licensing, and through joint
ventures utilising its proprietary IP, known as Volumetrically Controlled Manufacturing ("VCM"),  its ability to secure additional IP
covering new armour markets and its ability to convert that IP into revenue by developing new applications.

    The report's key findings are that:

    * The addressable market for ADI armour applications stands at an estimated $45bn
    * ADI's core patents provide significant competitive advantage and are well protected
    * There is a low risk of competitors reverse engineering ADI's IP and a high ability to detect any IP infringement
    * ADI's end markets are established, mature and experiencing significant growth, enabling the group to penetrate them rapidly
    * ADI is able to begin near-term commercialisation of its products and generate a strong pipeline of forward revenues for the next 10-20
years

    According to ipCapital's report, the annual market for body armour is currently $4.75bn and for vehicle armour it is $4.3bn. The report
estimates the longer term demand for armour applications in the energy markets at $10bn and the building and infrastructure markets at
$25bn.

    ipCapital's valuation is based not only on the operational business as it stands today but on a heavily discounted calculation of ADI's
potential future revenue streams, given its current IP and ability to develop additional IP for new applications of its VCM technology.

    ADI was valued at �5-a-share in its IPO on the London market one year ago, equivalent to $10 at the exchange rate on IPO, and is
currently trading at �5.50, equivalent to $8.25 at the current exchange rate.

    The full text of the report is available on the ipCapital Group website www.ipcg.com

    For further information please contact:
 Armor Designs, Inc.
 Charles Snyder, CEO              Tel: +1 602 275 4633
 charles.snyder@armordesigns.com  www.armordesigns.com

 Zimmerman Adams International Limited
 Graeme Thom / Thilo Hoffmann           Tel: +44 20 7398 2900

 Alexander David Securities Limited
 David Scott / Nick Bealer                      Tel: +44 20 7448 9820
  
 Media enquiries:
 Brunswick Group LLP
 Michael Harrison/ Chris Blundell/ Camilla      Tel: +44 20 7404 5959
 Gore
  
 ipCapital Group
 Rachael Schwartz/ Ben Taylor                   Tel: +1 802 872 3200 x 284/243






    Notes to editors
    Armor Designs, Inc. ("ADI") is a knowledge-based company specialising in next-generation composite material design, manufacture,
prototyping and testing for applications and products for the armour industry. ADI uses a proprietary design and manufacturing process
called VCM to rapidly develop new composite armour products of superior ballistic, weight and flexibility. The VCM process is protected by
patents and trade secrets licensed to ADI in perpetuity for use in field of armour.  

    ipCapital Group, Inc. ("ipCG") is a premier Intellectual Property Strategy consulting firm. Since 1998, ipCG has delivered over 450
successful IP engagements to companies in a wide range of industries. Its professional services maximize financial results for clients that
seek to develop and execute intellectual property (IP) strategies, strengthen and monetize IP portfolios, and establish and implement
Intellectual Asset Management (IAM) practices. ipCG has an interdisciplinary team trained in business, law, marketing, and product
development that provides a systematic and comprehensive view of the full lifecycle of IP, from creation to monetization to retirement.

    This valuation was based on a thorough analysis of the industry sectors applicable to ADI's current and future product offerings,
ipCapital's own in depth analysis and representations from ADI management all of which include an element of forward looking statements,
which may not actually occur.

    For more information on Armor Designs, Inc., please go to   www.armordesigns.com

    For more information on ipCapital Group, Inc., please go to  www.ipcg.com




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCKGMMZRZZGRZM
Armor Des Regs (LSE:ADIS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Armor Des Regs Charts.
Armor Des Regs (LSE:ADIS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Armor Des Regs Charts.