Boeing Contracts Metal Storm To Conduct Weapons Study

ARLINGTON, Va., July 21 /PRNewswire-FirstCall/ -- Metal Storm Limited (NASDAQ: MTSX) announced today that it has been awarded a contract in the United States from The Boeing Company.

The contract was let to Metal Storm for the purpose of conducting a study to determine capability specifications for a weapon system that will meet unique user requirements. The specific details of the contract remain confidential.

Metal Storm CEO, Mr David Smith said "The Boeing Company's interest in Metal Storm has now been converted into an initial contract, with the potential to secure more significant opportunities. We are very pleased to be able to introduce our technology to one of the Defense Industry's leading players.

"This contract is evidence that Metal Storm's technology has now been positioned to better target the specific requirements of prospective customers.

"It further supports our position that Metal Storm has already moved some way towards our goal of taking the systems we own or are developing and integrate them with other technologies.

"This contract rewards the significant engineering work undertaken recently by Metal Storm which has further readied our technology for commercial application," said David Smith.

     Investor Contact:          Media Contact:
     David Smith                Stefan Anikewich
     Metal Storm Limited        Hill & Knowlton
     TEL: 703 248 8218          TEL: 212 885 0505
Email Contact      
Email Contact

    About Metal Storm

Metal Storm Limited is a defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked round" technology. The company is headquartered in Brisbane, Australia and incorporated in the US, with an office in Washington DC. The company has invented a ballistics technology that has no known conventional equivalent. Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilizing the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Safe Harbor

Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the company's technology, the ability of the company to meet its financial requirements, the ability of the company to protect its proprietary technology, potential limitations on the company's technology, the market for the company's products, government regulation in Australia and the US, changes in tax and other laws, changes in competition and the loss of key personnel. For additional information regarding these and other risks and uncertainties associated with the company's business, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission, including the company's Form 20-F.

CONTACT: Investor: David Smith of Metal Storm Limited, +1-703-248-8218, or
Email Contact; or Media: Stefan Anikewich of Hill & Knowlton,
+1-212-885-0505, or Email Contact

Web site:

Review Article Be the first to review this article

SolidCAM - See it Live

Featured Video
Information Technologist II for Michigan State University at East Lansing, Michigan
Senior Geographic Information System Specialist for City of Ithaca at ithaca, New York
Pilot for Geomni, Inc at Lehi, Utah
GIS Analyst for Institute for Children and Poverty at New York, California
Management Analys for City of Lenexa at Lenexa, Kansas
Upcoming Events
Strategic Materials Conference - SMC 2018 at Double Tree by Hilton 2050 Gateway Place San Jose CA - Sep 24 - 26, 2018
PLM Components Innovation Conference at Downing College CAMBRIDGE United Kingdom - Sep 25 - 26, 2018
COMSOL Conference 2018 Boston at Boston Marriott Newton 2345 Commonwealth Avenue Newton MA - Oct 3 - 5, 2018
34th International CAE Conference and Exhibition 2018 at Vicenza Convention Centre @ Fiera di Vicenza Vicenza Italy - Oct 8 - 9, 2018

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise