U.S. Department of Homeland Security Grants Highest Level Designation to APSG's Hi-Threat Product Line
Following Rigorous Testing by DHS, Federally Certified Liability Protection Provides American Defense Systems Subsidiary Unique Business Advantages and Opportunities
Hicksville, NY- (Market Wire) - American Defense Systems, Inc. ("ADSI") (NYSE Amex: EAG), a leading provider of advanced transparent and opaque armor, architectural hardening and security products for Defense and Homeland Security, reported its physical security subsidiary, American Physical Security Group, LLC ("APSG"), has received the designation of Qualified Anti-Terrorism Technology for its Hi-Threat™ product line from the U.S. Department of Homeland Security (DHS).
The designation means APSG's Hi-Threat technology satisfies the criteria set forth in the federal Support Anti-terrorism by Fostering Effective Technologies Act of 2002, otherwise known as the SAFETY Act, as well as its supporting regulations. By providing liability protections and limitations in the event of an act of terrorism, the goal of the SAFETY Act is to encourage the development and deployment of new and innovative anti-terrorism products and services which can potentially save lives and property.
After careful review and extensive testing by the office of the Under Secretary for Science and Technology, APSG's Hi-Threat technology was added to the list of designated technology on the DHS website at www.safetyact.gov. The designation distinguishes APSG as a manufacturer and provider of Anti-Terrorism devices designed to protect buildings, access points, and other physical installations. The Hi-Threat technology supports a product line of specially crafted doors, windows, louvers, and security stations designed to resist physical forced entry and bullets. The DHS designation also applies to APSG's supervision of general contractor-provided installation services.
APSG is currently the only designated provider of architectural hardening products, and it joins the ranks of prestigious DHS designees that include ADT Security Systems, Northrop Grumman Space & Mission Systems Corporation, and the Raytheon Company.
"This designation issued by the Under Secretary means our APSG products have received thorough and rigorous testing by DHS in order to meet this standard," said ADSI's chief executive officer, Anthony J. Piscitelli. "We believe this validates the effectiveness of our Hi-Threat technology and, as the SAFETY Act intends, this designation will serve to reduce insurance costs and limit potential liabilities for our company, our contractors, and our customers. Together, we expect this to encourage more extensive adoption of APSG's architectural hardening products and use of our related services."
About American Physical Security Group
American Physical Security Group, LLC ("APSG") manufactures and installs products designed to protect citizens, diplomats and military personnel in government, commercial and military facilities around the world. Tested and certified by the U.S. Department of State Diplomatic Security Bureau, and tested and designated by the U.S. Department of Homeland Security, APSG's products have been engineered to provide among the highest commercially available levels of security and precision with cutting-edge laser technology, automated milling and the strictest of quality controls. From the Hi-Threat™ line of forced entry, bullet and blast resistant doors, windows, louvers and security stations, to the American Anti Ram™ crash-tested vehicle barricades, APSG provides state-of-the-art solutions for all force protection needs.
APSG is a wholly-owned subsidiary of American Defense Systems, Inc. (ADSI), a world leader in the design, manufacture and installation of transparent and opaque armor, security door, window and curtain wall systems. For more information about American Physical Security Group, go to www.americanpsg.com.
About American Defense Systems
American Defense Systems, Inc. (ADSI) 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 mobile and fixed infrastructure physical security. For more information about American Defense Systems, go to www.adsiarmor.com.
Some of the statements made by American Defense Systems, Inc. ("ADSI") in this press release, including, without limitation, statements regarding ADSI's anticipated future growth, are forward-looking in nature. ADSI intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "expects," "anticipates," "intends," "plans," "believes," "estimates," "predicts," "projects," "potential," "continues" and similar expressions are forward-looking statements. ADSI cautions you that forward-looking statements are not guarantees of performance. ADSI undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause ADSI's actual future results to differ materially from those projected or contemplated in the forward-looking statements. ADSI believes that these risks include, but are not limited to: ADSI's reliance on the U.S. government for a substantial amount of its sales and growth; decreases in U.S. government defense spending; ADSI's ability to contract further with the U.S. Department of Defense; ADSI's ability to comply with complex procurement laws and regulations; competition and other risks associated with the U.S. government bidding process; changes in the U.S. government's procurement practices; ADSI's ability to obtain and maintain required security clearances; ADSI's ability to realize the full amount of revenues reflected in its backlog; ADSI's ability to finance the required redemption of ADSI's series A convertible preferred stock in accordance with the terms of the preferred stock and ADSI's settlement agreement with the Series A stockholders; restrictions on ADSI's ability to draw on its bank line of credit; ADSI's reliance on certain suppliers; and intense competition and other risks associated with the defense industry in general and the security-related defense sector in particular.
Additional information concerning these and other important risk factors can be found under the heading "Risk Factors" in ADSI's filings with the Securities and Exchange Commission, including, without limitation, its most recent annual report on Form 10-K and quarterly report on Form 10-Q. Statements in this press release should be evaluated in light of these important factors.