http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=677688502
March 17, 2014- American Defense Systems Inc. (ADSI) announced today that it has entered into a purchase agreement with Caterpillar to supply a minimum of 24 armor kits on Caterpillar’s 279D vehicle. ADSI expects to receive approximately $1.35M in revenue (which is approximately 55% of ADSI’s revenue for 2013) from the purchase agreement, the work will be completed and vehicles delivered in the 2nd and 3rd qtrs. of 2014.
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