Metal Storm Ltd (fka MTSXY)

[Golden Cross]

Metal Storm Limited -- $30.5m Capital Raising Completed
Friday September 1, 1:41 am ET


Mr. John Nicholls Appointed as Director


ARLINGTON, VA--(MARKET WIRE)--Sep 1, 2006 -- Metal Storm Limited (Australia:MST.AX - News) and (NASDAQ:MTSX - News).
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$30.5m Capital Raising

The Directors of Metal Storm Limited are pleased to announce that the Company has successfully completed the fully underwritten Renounceable Rights Issue of A$27.5 million in Convertible Notes and options with the allotment of 203,703,704 Convertible Notes and 176,852,055 Options today in accordance with the prospectus issued on 28 July 2006.

The Rights Issue was the final part of a two stage capital raising plan which included the Share Purchase Plan completed in May which raised approximately A$3 million. In total the company raised approximately A$30.5 million in gross proceeds from the Share Purchase Plan and the Rights Issue.

The Rights Issue was fully underwritten by Patersons Securities Limited, who also acted as Lead Manager to the Share Purchase Plan. The Rights Issue was 95% sub-underwritten by Harmony Investment Fund Limited (Harmony).

Directors believe that the combined Share Purchase Plan and fully underwritten Rights Issue approach provided the majority of shareholders with the opportunity to participate in the capital raising.

The net funds raised, together with existing cash reserves and confirmed revenues from current operations, are expected to be sufficient to cover the estimated cost of existing and planned operations and interest payable on the Convertible Notes through to the August 2009, without assuming additional income from other sources or from the exercise of options.

Harmony also provided a one (1) year working capital facility of $5 million in June 2006 secured by a fixed and floating charge over the Company's assets. The facility was designed to provide short-term working capital should the Company need it prior to the completion of the Rights Issue. This facility was not used and the fixed and floating charge is expected to be discharged shortly.

New Director Appointment

Directors are also pleased to confirm that Mr. John Nicholls was today appointed as a non-Executive Director of the Company. The intention to appoint Mr. Nicholls as a director on completion of the capital raising was previously announced on 2 July 2006. Mr. Nicholls' extensive experience in a wide range of local and international companies will further complement the Board's existing skills base. He holds Bachelor of Commerce and Master of Business Administration degrees from the University of New South Wales. He is currently a non-executive director of a number of companies in Australia and Asia, including Harmony.

Notes:

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About Metal Storm

Metal Storm Limited is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

About Harmony Capital Pte Limited

Harmony Capital Partners is a Singapore-based fund management company which manages a US$500m capacity Fund. The primary strategy of Harmony is to invest in special situations in Asia including Australia and New Zealand. The principals of Harmony, Suresh Withana and John Nicholls, are very familiar with the investment environment in Australia, particularly in the turnaround space with experience in a number of industry sectors. Harmony has a number of large investors in its fund including a cornerstone investor with a significant capital base providing it with the capability to execute investments ranging from US$5 million to US$50 million in size.

[benzdealeror2]

Recent achievements
Recent achievements, arising out of this strategic focus, include the successful completion of live firing trials and demonstrations of the 40mm weapons technology in several different configurations, including:

§ Live firing trials and demonstrations held at the U.S. Army’s Picatinny Arsenal range facility of a purpose-built Metal Storm 40mm weapon system integrated with a Talon unmanned ground vehicle, special mount and optical targeting systems in March 2005;

§ Demonstration by Australian Defense Science and Technology Organization (“DSTO”) of the Area Denial Weapon System concept prototype using Metal Storm 40mm weapon technology in July 2005;

§ Demonstration by DSTO of the Advanced Individual Combat Weapon concept prototype using Metal Storm 40mm weapon technology in August 2005;

§ The test firing of Metal Storm 40mm grenade launchers from the Dragonfly Unmanned Aerial Vehicle in a tethered position to test the stability of mounts and test remote control systems.;

§ The successful test firing of high explosive, enhanced blast explosive and high explosive air burst munitions in conjunction with ST Kinetics in February 2006;

§ The successful test firing of the Redback TM Weapon System and munitions in collaboration with Electro Optic Systems and ST Kinetics in February 2006; and

§ The initial test firing and trials of a prototype high explosive 40mm grenade assembly developed in collaboration with ARDEC in March 2006.

[benzdealeror2]

About Metal Storm
Metal Storm Limited is a defence technology company engaged in the development of electronically initiated ballistics systems using its unique “stacked projectile” technology. The company is headquartered in Brisbane, Australia and incorporated in the US, with an office in Washington DC. Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

U.S. Department of Energy Contract — Short Range Protection System
Metal Storm has a contract with the U.S. Department of Energy that provides for the development of a Short Range Protection system based on Metal Storm 40mm weapons technology. This is our first contract that has direct application in the U.S. homeland security market. The contract, which commenced in October 2005, is expected to be completed by August 2006.

U.S. Navy SBIR Contract — Metal Storm Active Protection System
This contract is for the development of a remotely controlled Active Protection System for mounting on various types of unmanned ground vehicles. It is funded through a Phase II Small Business Innovation Research (“SBIR”) contract sponsored by the U.S. Navy’s Space and Naval Warfare Systems Command and the Office of Naval Research. Metal Storm is providing an unattended remotely operated weapon system designed to operate in a networked environment for the protection of very high value assets. The contract, which commenced in January 2006, is scheduled for completion by July 2008.
U.S. Army SBIR Contract — Metal Storm Crowd Control System
This contract is for the development and testing of a Crowd Control System using Metal Storm 40mm weapons technology and less than lethal munitions. It is funded through a U.S. Army Phase II SBIR contract sponsored by the U.S. Army ARDEC. Metal Storm is developing and fabricating specific less than lethal rounds capable of being fired from Metal Storm weapon systems in a variety of configurations as a means to stop a crowd from advancing. This contract, which commenced in December 2005, is scheduled for completion in January 2008.

StarChase Contract — Pursuit Management System Phase II Lead System Integrator
U.S. company StarChase LLC has engaged Metal Storm to act as the lead systems integrator on the commercialization of the patented StarChase vehicle tagging technology. The contract requires Metal Storm to generate a production-ready configuration of the StarChase system, and to produce, implement and provide support for a limited number of systems to be used for operational testing. The contract commenced in May 2006 and is scheduled for completion by December 2006.

U.S. Marine Corps — 18mm Stacked Round Firing System
This contract is for the design, fabrication and test of 18mm stacked round firing systems. Under the terms of the contract, Metal Storm will explore the feasibility of employing 18mm fin stabilized high explosive projectiles from an accessory under-barrel weapon for the M-16A4 service rifle. The firing technology will be a test bed potentially leading to Marine Corps experimentation with larger diameter finned projectiles than are possible with shot gun-launched munitions. The contract was announced on July 13, 2006 and is scheduled for completion by April 2007.

[benzdealeror2]

Done some more DD...,

HAHA! I like what im hearing and reading...Seems the Army is very impressed with the tech. If I have to post to myself till I bring in some cake, so be it. This is a 10 bagger IMHO....Next I will try to nail down a time frame.

[benzdealeror2]

I like what I see here...what would seal the deal is knowing the share structure and the entire skinny on the convertibles. Will be doing some serious digging over the next several days and will be calling the US operations for more answers.

If I jump in, I'm bringing some friends with me. Long term hold here, no doubt.

Watch the ticker over the next few days...If you see abnormally excessive volume, you will know why...LOL!

[Joe Monster]

I just saw the special on tv about the weapons produced by this company. Simply amazing.

I am definitely looking into this company now...

[Golden Cross]

Metal Storm -- Bulletin Board
Wednesday May 24, 2:11 am ET


ARLINGTON, VA--(MARKET WIRE)--May 24, 2006 -- Metal Storm Limited (Australia:MST.AX - News) (NasdaqSC:MTSX - News) today released the following statement which will be published in the "Bulletin Board" section of the Company website. The Company website address is www.metalstorm.com.
ADVERTISEMENT


From today the Company will post items of information and news on this Bulletin Board rather than continue with the "CEO Corner." Interested shareholders should check every few weeks for updates etc.

Since the Company's AGM, late April, there has been good progress on balanced internal cost cutting, further contract work has been announced and the second stage of the capital raising is progressing well.

With the Share Purchase Plan raising of $3 million and with current cash on hand the Company has about 6 months funded operation without additional income or the intended rights issue of notes being taken into account. When these are included the funding horizon is over 3 years based on current plans.

With the matters of funds in bank and monthly burn rate dealt with, the Directors recently prioritized the restructure of Company efforts around contracts and products.

To that end the Company has committed to:

1) Undertaking all contract work in the USA.

2) Undertaking all internal research and development in Australia.

3) Deliver 2 products, Redback(TM) and 3GL to market as soon as is
possible by full support from, to and with our determined teaming
partners.

The product focus is on delivery of Redback(TM) and 3GL in that order.
Details on these products are elsewhere on this site. Both are 40mm
applications and we confidently expect that the work on Redback(TM) and
3GL will deliver further easy reach 40mm applications.

Shareholders should know that past projects have not ceased unless it
has been otherwise advised to the market. One of management's tasks
is to ensure projects of value are adequately supported where our test
for support includes how rapidly projects are being moved by their
sponsors and funds are being made available.

There are no other projects of greater priority now than Redback(TM)
and 3GL because these have a clear path to delivery with sustainable
markets not met by other product.

4) The contract work will continue to provide technical learnings and some
income. We will vigorously pursue contracts in the US where those
contracts provide funding with learning spin offs and potential markets
of value.

5) Where priorities have to be set on economic or scientific grounds the
priority will be given to Redback(TM) and 3GL.

6) The Company's determination on Redback(TM) and 3GL is based on internal
modeling of market size and value, time to market, fit of the
technology as a product enabler and probability of sales in volume.
In short, the Company is determined to advance its Teaming Arrangements with EOS and STK for product delivery with new rigor and focus. By separating responsibility for contracts from that of the product delivery of Redback™ and 3GL the Company has established task-specific teams with clear responsibility and accountability.

No one should assume that this will necessarily mean product delivery this year. The best guide to timing on this is in EOS' market release and on their website.

One other matter for the record: the Company now does huge amounts of work with only 20 people. We need all of those resources concentrated on the right technical and economic outcomes.

Perhaps because of the Company's history there has been a habit within Metal Storm of responding to shareholder requests, letters and phone calls on a personal basis. We cannot continue to do that. It is inappropriate under the laws which govern disclosure and, although the Company has been sensitive to that, the better path is to eliminate that risk. As well, right now the Company's staff must minimize distractions from the real task of delivering the goods. As a consequence all correspondence from shareholders will be responded to as courtesy properly demands, but simply to thank the caller/writer for their interest. However, the matters raised will be recorded and, as appropriate in time and circumstance, will be dealt with on this Bulletin Board.

It is the Company's intention to provide more detail on the Redback™ and 3GL projects once we have agreed on those disclosures with our teaming partners. In particular we are keen to advise the milestones in the projects so the Company can measure and be measured by our progress to delivery.


Terry O'Dwyer
Executive Chairman


Notes:

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About Metal Storm

Metal Storm Limited is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia, and incorporated in Australia, with an office in Arlington, Virginia.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low-cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long-term unattended weapon operation.

About ST Kinetics

ST Kinetics is the land systems arm of Singapore Technologies Engineering. It provides integrated systems, specialty vehicles and their related services for defence, government and commercial applications. This includes design and development, systems integration, production, operations & support and life cycle management.

Through its subsidiary, Advanced Material Engineering Pte Ltd, ST Kinetics also designs and manufactures a comprehensive suite of 40 mm munition solutions, conventional and smart munitions, advanced protective materials as well as guided system components. It also provides consultancy, design and engineering services for homeland security solutions.

About Electro Optic Systems Holdings Limited

EOS is a public Company, specializing in the design, development and production of sophisticated laser technologies, including supporting software and electronic sub-systems. EOS' advanced technologies are applied to a variety of sighting and surveillance applications in the aerospace and defense markets.

The combat-proven EOS sensor and fire control systems are currently deployed in the US Army CROWS (Common Remotely Operated Weapons System) program which has been successfully fielded since 2003, and is used in operations in Iraq. The EOS integrated surveillance and fire control technology employs state-of-the-art multi-spectral sensors and fire control software for direct-fire ballistic weapons.

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:
Company Contact:
Investor queries:
Ian Gillespie
Chief Operating Officer
Metal Storm Limited
Ph: [phone]



--------------------------------------------------------------------------------
Source: Metal Storm Limited

[Golden Cross]

Metal Storm Announces Second Stage of Capital Raising
Sunday May 7, 8:53 pm ET


BRISBANE, AUSTRALIA--(MARKET WIRE)--May 7, 2006 -- The Directors of Metal Storm Limited (NasdaqSC:MTSX - News) (Australia:MST.AX - News) are pleased to announce that the Company has signed a preliminary agreement with Harmony Capital Partners Pte Limited (Harmony) of Singapore to facilitate a Renounceable Rights Issue of $27.5 million in unsecured Convertible Notes with attaching Options.
ADVERTISEMENT


The Rights Issue is to be fully underwritten by Patersons Securities Limited, Lead Manager to the current Share Purchase Plan, and is to be fully sub-underwritten by Harmony or its nominee(s).

Harmony will also provide a one (1) year working capital facility of $5 million to be secured by a fixed and floating charge over the Company's assets. The facility is designed to provide short-term working capital should the Company need it prior to the completion of the Rights Issue. Metal Storm may elect to take up this facility by notice to Harmony by 15 May 2006. Further details of this facility will be provided if Metal Storm elects to do so.

Directors believe that the combination of the planned Rights Issue and the Share Purchase Plan will secure sufficient funding to meet the expected cash requirements over the next three (3) years for execution of the Company's strategy, as outlined in the Update on Company Operations which accompanied the Share Purchase Plan offer documents, and will allow the majority of shareholders to participate in the capital raising.

The agreement with Harmony is exclusive and is subject to:

-- the completion of the due diligence process currently underway to the
satisfaction of Harmony;

-- the negotiation and execution of transaction documents, including the
prospectus for the Rights Issue, underwriting agreements, the convertible
note terms, a trust deed, the fixed and floating charge and the loan
facility agreement; and

-- the obtaining of any necessary shareholder approval and other
approvals required to implement the planned Rights Issue and loan facility.
Finalization of due diligence is expected to be concluded in the next few weeks and the Prospectus for the Rights Issue is anticipated to be lodged with the Australian Securities and Investment Commission (ASIC) prior to 30 June 2006.

Funds raised under the planned Rights Issue will be additional to funds subscribed under the Share Purchase Plan which was announced on 21 April 2006 and closes on 12 May 2006. Shares allotted to eligible shareholders under the Share Purchase Plan will qualify for the calculation of entitlements in the Rights Issue.

Key terms of the planned Rights Issue are:

Issuer: Metal Storm Limited

Subscription Limit: A$27.5 million

Eligibility: Shareholders at the record date with registered
addresses in Australia or New Zealand

Issue Price: $0.15 per Convertible Note

Underwriter: Fully underwritten by Patersons Securities Ltd
and fully sub-underwritten by Harmony Capital
Partners

Rights Issue: Renounceable Rights Issue of Convertible Notes
to eligible holders of ordinary shares at the
record date in such ratio as is necessary to
achieve the subscription limit following
completion of the Share Purchase Plan.

Maturity Date: 3 years from initial subscription

Coupon: 10.00% per annum, paid quarterly in arrears

Initial Deferral of The Company may elect to defer payment of
Interest: interest in the first 12 months, such deferred
payments to made in full on the 12 month
anniversary of initial subscription

Repayments: 100% of amount outstanding repaid on Maturity
Date or on occurrence of an Event of Default

Conversion: The Subscriber may, prior to the Maturity Date,
elect to convert any portion of the amount
outstanding under the Convertible Notes into
ordinary shares of the Company at a conversion
price equal to the lesser of:

(a) $0.15 per ordinary share; or
(b) 90% of the volume weighted average price
per ordinary share over the 30 days prior
to the conversion date.

Conversion of the Convertible Notes may only
take place on the first day of each calendar
quarter prior to the Maturity Date, and on the
Maturity Date itself, or at any time during the
currency of a takeover bid for, or merger
involving Metal Storm.

For the avoidance of doubt, the Convertible
Notes cannot be redeemed in cash prior to the
Maturity Date by either Metal Storm or
Convertible Note holders, except in the case
of Events of Default.

Options: Subscribers will be issued 1 free Option for
each 2 Convertible Notes subscribed with a
3 year maturity and an exercise price of
$0.165, such Options to be tradable on ASX
separately from the Convertible Notes.

Harmony Facilitation Harmony to be issued 65,000,000 Options at the
Options: completion of the Rights Issue

ASX Quotation: The Company will seek ASX quotation of all
Convertible Notes and Options.
Notes:

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About Harmony Capital Pte Limited

Harmony Capital Partners is a Singapore-based fund management company which manages a US$500m capacity Fund. The primary strategy of Harmony is to invest in special situations in Asia including Australia and New Zealand. The principals of Harmony, Suresh Withana and John Nicholls, are very familiar with the investment environment in Australia, particularly in the turnaround space with experience in a number of industry sectors. Harmony has a number of large investors in its fund including a cornerstone investor with a significant capital base providing it with the capability to execute investments ranging from US$5m to US$50m in size.

About Patersons Securities Limited

Patersons Securities is Australia's largest independently owned specialist stockbroker, with ten offices around the country. Established over 100 years ago, Patersons now has more than 140 private client advisers, institutional sales, research and full corporate finance capability. Over the last two years the Patersons corporate finance team has raised over $1.5 billion for clients, ranking it in the Top 10 brokers in capital raisings by value.

About Metal Storm

Metal Storm Limited is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia, and incorporated in Australia, with an office in Arlington, Virginia.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

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:
Company Contact:
Investor queries:
Ian Gillespie
Chief Operating Officer
Metal Storm Limited
Ph: [phone]



--------------------------------------------------------------------------------
Source: Metal Storm Limited

[joyride]

The Discovery Channel presentation was pretty damn impressive!

[ekythump]

I don't know why MS wouldn't post this on their website, but they will be featured on a Discovery channel episode of a show that I think is called "Future Weapons". It will air next Wednesday at 10 on the Discovery channel...

I really don't understand why they wouldn't advertise that on their website.

[Rager]

Metal Storm Limited: Statement by Major Shareholder
Wednesday April 26, 2:51 am ET


ARLINGTON, VA--(MARKET WIRE)--Apr 26, 2006 -- Metal Storm Limited (NasdaqSC:MTSX - News) (Australia:MST.AX - News) announces a letter from the major stockholder was sent to the Australian Stock Exchange, with a copy forwarded to NASDAQ as well. The letter to the ASX is reproduced below in its entirety:
"26 April 2006


The Manager
Company Announcements Office
Australian Stock Exchange Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000




Dear Sir,

Metal Storm Limited advises that it has received the following communication from Mr & Mrs J.M. O'Dwyer in relation to the intended sale of a portion of their holdings in the company.

'As the major shareholder in Metal Storm (holding 38% incl associates) Rhonda and I announced in Feb 2005 that it was our intention to sell half of our holding, off market, as company supportive opportunities became available.

Since then we have sold no shares at all because no institutional or significant potential buyer has satisfied us that they are likely to be long term investors. It remains our intention to continue to deal with any potential sale on that basis. We will not be selling where, in our view, that is detrimental to Metal Storm.

We should advise also that we intend to take up our SPP entitlements.

Sincerely,

Michael and Rhonda O'Dwyer.'




Yours faithfully,
James D MacDonald
Company Secretary"



Contact:
Company Contact:

US
Investor queries:
David Smith
Metal Storm
Ph: [phone]

Australia
Investor queries:
Ian Gillespie
Metal Storm
Ph: [phone]



--------------------------------------------------------------------------------
Source: Metal Storm Ltd/ADR/

[elazard0]

I was thinking about buying, Mtsx but I've noticed one thing about the stock. It keeps going down and the market keeps going up. That isn't a very good sign. In fact, that puts up a redflag, in my book.

[Golden Cross]

Metal Storm CEO Corner Update
Monday March 20, 6:25 pm ET


Financial Position


ARLINGTON, VA--(MARKET WIRE)--Mar 20, 2006 -- Per David Smith, Chief Executive Officer of Metal Storm (NasdaqSC:MTSX - News) (Australia:MST.AX - News):
ADVERTISEMENT


In the announcement of the Company's annual results on 16 March I made a statement that the Company had sufficient resources based on confirmed contract income and expected costs to sustain it until late July 2006. I want to make it clear that this calculation did not take account of other income which we have reasonable expectation of receiving in this period from sources which are not at this stage confirmed. We have taken a deliberately conservative approach in calculating our future cash flow.

I also stated in the announcement that the Company is exploring opportunities to raise capital. Whilst the board is yet to choose the exact format from the opportunities it has before it, the prime consideration for directors is the best interests of all shareholders. The evaluation and consideration of a balanced capital offering has been in the planning for some time.

Over the past year we have progressively demonstrated the technical viability of our 40mm weapons systems and we are now busy putting that into a commercial context. We have a number of contracts with leading defense organizations in the United States that we expect will lead to product orders in due course (Department of Energy; US Army Phase II SBIR for Crowd Control System; US Navy Phase II SBIR for Active Protection System) and we are currently working on several more opportunities for contracted development programs. We have several product development programs underway with defense industry partners (ARDEC; EOS; ST Kinetics) with the Redback(TM) Weapon System, 3GL grenade launcher, and a range of munitions being advanced.

We have never been in a stronger position to secure our objective of building sustainable revenue streams and profits for our shareholders.

David Smith
Chief Executive Officer.

Notes:
Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's NASDAQ Small Cap ticker symbol: MTSX
About Metal Storm

Metal Storm Limited (NasdaqSC:MTSX - News) (Australia:MST.AX - News) is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform, which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

[Golden Cross]

MTSX: Metal Storm Conducts Test Firings of High Explosive Ammunition in the U.S.
Monday March 20, 6:08 pm ET


ARLINGTON, VA--(MARKET WIRE)--Mar 20, 2006 -- Metal Storm (NasdaqSC:MTSX - News) announced today that it has conducted initial test firings of High Explosive ammunition at Picatinny Arsenal in New Jersey in conjunction with the U.S. Army's Armament Research Development and Engineering Centre (ARDEC).
ADVERTISEMENT


The ammunition tested was a prototype High Explosive 40mm grenade assembly, which is being developed by Metal Storm and ARDEC engineers under a Cooperative Research and Development Agreement (CRADA) which was signed in September 2005. The development work and test firings are the initial phase of a project which ultimately plans to take existing certified munitions from the U.S. Army inventory and convert them to Metal Storm configuration. This will enable firing by electronic initiation from Metal Storm launching systems.

David Smith, Metal Storm's CEO, said, "This initial test firing of High Explosive munitions developed in conjunction with ARDEC sets in place the platform from which we aim to build a range of munitions utilizing existing U.S. certified warheads and components."

"This will complement the munitions development program we are currently engaged in with ST Kinetics in Singapore which produced the successful test-firing of High Explosive, Enhanced Blast and Air Burst munitions last month," he said.

"Our strategy is to take commercially available off-the-shelf munitions that have been certified for military use and convert them to Metal Storm configuration, thereby minimizing the time and cost required to have munitions certified by the military for use with our weapons. This should also ensure our products match the customers' established requirements," he said.

Further test firings and the trialing of different munition designs with ARDEC are ongoing as part of the munitions development program. Demonstration firings are planned for the second quarter of 2006, with the timing dependant on the availability of demonstration range facilities and sufficient quantities of ammunition.

Video clips will be available for viewing on the Company website: www.metalstorm.com.

Notes:
Metal Storm’s Australian Stock Exchange trading code: MST
Metal Storm’s NASDAQ Small Cap ticker symbol: MTSX
About Metal Storm

Metal Storm Limited is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform, which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

About ARDEC

Headquartered at Picatinny, New Jersey, ARDEC is the U.S. Army's principal researcher, developer and sustainer of current and future armament and munitions systems. ARDEC's overall mission is to improve already fielded items, develop new ones, maintain a strong armament technology base in government, industry and academia and provide technical support to the soldier in the field. It plays a key part in Army Transformation with its involvement in the development of the Soldier and Future Combat Systems (FCS) and continued efforts in the development of advanced weapons that exploit new technologies.

ARDEC has over 2,500 highly skilled scientists, engineers and other technical specialists situated at five different locations throughout the U.S. They are responsible for several hundred programs and have expertise, technology and unique laboratory and facility capabilities in weapon and ammunition systems, propellants, aerodynamic stabilization, modeling and simulation, fire control, logistics integration of armaments systems and related safety systems and protocols.

ARDEC has a long history of partnering with industry in the research, development, production and fielding of advanced armaments for the soldier. Although ARDEC's principal mission is to mature technologies for armaments applications, ARDEC also looks for ways to transfer beneficial technologies to public use. ARDEC has recently transferred technologies to the law enforcement community such as non-lethal, aversive technologies for crowd control. ARDEC has over 80 active Cooperative Research and Development Agreements (CRADAs).

[Golden Cross]

Metal Storm and ST Kinetics Successfully Fires Jointly-Developed High Explosive Stacked Rounds
Monday February 20, 1:18 am ET


SINGAPORE--(MARKET WIRE)--Feb 20, 2006 -- Metal Storm Limited (NasdaqSC:MTSX - News) and Singapore Technologies Kinetics (ST Kinetics) are pleased to announce the successful firing of a range of jointly-developed, stacked configuration low velocity 40 mm electrically ignited munitions (EIM). The firings included high explosive (HE) munitions; enhanced blast explosive (EBX) munitions and air burst munitions (ABM). Less than lethal (LTL) munitions development will be undertaken in the future.
ADVERTISEMENT


The firings follow from a teaming agreement that was signed by both parties in September 2005 to co-develop, produce and market 40 mm munitions for Metal Storm weapon systems. The agreement also provides for a broader relationship in which ST Kinetics would market Metal Storm 40 mm weapons systems in selected markets.

The firings, which were completed last week at ST Kinetics' Bukit Timah range in Singapore, validate the compatibility between Metal Storm's stacked round technology and selected ST Kinetics' commercially available warheads.

"ST Kinetics is keen to become a total solutions provider for 40 mm munitions, encompassing both lethal and less than lethal products. We are delighted with the results of our joint developments and their compatibility with Metal Storm's weapon systems. We look forward to capitalizing on these initial achievements to further the commercial opportunities between our companies under our teaming agreement."

~ SEW Chee Jhuen
Deputy President (Operations) and President Defence Business, ST Kinetics
"The significance of these firings is that we can now take selected ST Kinetics commercially available, off the shelf warheads and combine them with our own stacked munitions technology to provide an expanding suite of explosive and less than lethal munitions. The ability to use ST Kinetics' off the shelf warheads is a major commercial step for the company. It positions us to demonstrate a range of selectable munitions in our integrated weapon systems to defense customers. We value ST Kinetics' support in achieving this outcome, and plan to utilize this range of munitions in a number of existing and planned weapon system projects. ST Kinetics' munitions are very much a key element in many of our future projects."

~ David SMITH
Chief Executive Officer, Metal Storm Limited
Metal Storm is exhibiting its technology as a guest of ST Kinetics at the Asian Aerospace Exhibition in Singapore 21- 26 February 2006.

About ST Kinetics

ST Kinetics is the land systems arm of Singapore Technologies Engineering. It provides integrated systems, specialty vehicles and their related services for defence, government and commercial applications. This includes design and development, systems integration, production, operations & support and life cycle management.

Through its subsidiary, Advanced Material Engineering Pte Ltd, ST Kinetics also designs and manufactures a comprehensive suite of 40 mm munition solutions, conventional and smart munitions, advanced protective materials as well as guided system components. It also provides consultancy, design and engineering services for homeland security solutions.

About Metal Storm

Metal Storm Limited is a multi-national defense technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia.

Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

[Golden Cross]

Metal Storm and EOS Unveil Redback(TM) Weapon System
Monday February 20, 8:59 pm ET


SINGAPORE--(MARKET WIRE)--Feb 20, 2006 -- Metal Storm Limited (Metal Storm) (NasdaqSC:MTSX - News) (Australia:MST.AX - News) and Electro Optic Systems Holdings Limited (EOS) (Australia:EOS.AX - News) today announced the unveiling of the Redback Weapon System prototype at the Asian Aerospace and Asian Defense Technology Exhibitions in Singapore.
Source: Metal Storm Limited


(click to enlarge)


Redback(TM) is the first weapon system prototype to be produced from the collaboration between Metal Storm and EOS under a Teaming Agreement signed by the two companies in November 2005 to co-develop and market new weapon systems combining the unique features and benefits of EOS' combat-proven sensor and fire control systems with the versatility and firepower of Metal Storm weapons.

Redback(TM) is a lightweight, fast-reaction, remotely operated, weapon system. It is designed to provide intense directed firepower for short periods in applications such as vehicle protection, convoy defense, perimeter control, robotic systems and area denial.

The system is designed to include the following features and benefits:

-- Firepower. Redback(TM) deploys multiple 40mm Metal Storm barrels
firing a range of munitions at selectable rates of fire, including the
ability to engage up to 3 targets in 1.2 seconds. With EOS precision
sensors and control systems, this results in intense directed firepower.
-- Light. Redback(TM) will be available in system weights from 70-100 kg
- less than one conventionally equipped combatant.
-- Fast. Redback(TM) control and servo systems will allow multiple
threats to be engaged, fast enough to engage incoming missiles and
projectiles for vehicle defense.
-- Intelligent. Redback(TM) has proven EOS networking capabilities that
allow multiple systems to operate with a coordinated response to large
threats.
-- Versatile. Redback(TM) can carry a mixed load of munitions to allow
non-lethal and lethal response at the same time. This range of response is
an unmet market need for peacekeeping missions and urban warfare with non-
combatants present.
Redback(TM) has successfully test-fired 40mm munitions jointly developed by ST Kinetics and Metal Storm. In a related development, Metal Storm this week announced the successful firing of jointly developed high explosive, enhanced blast and airburst rounds with ST Kinetics in Singapore. These munitions are compatible with Redback(TM), and add significantly to the versatility of the weapon system.

The Redback(TM) development effort is on schedule for customer trials this year with the objective of having it operationally ready by the end of 2007.

The Chief Executive Officer of Metal Storm, Mr. David Smith, said, "The unveiling of Redback is another major milestone for Metal Storm because it represents our first true product offering to the market. I am delighted with the progress we have made in our collaboration with EOS. Together with the munitions we are jointly developing with ST Kinetics here in Singapore we have unique capabilities we can market to defense customers around the world."

The Chief Executive Officer of EOS, Dr. Ben Greene, said, "Redback is designed to meet an urgent need for defense of convoys and individual vehicles, often in peacekeeping roles. The mixed-mission capability and intense firepower of Redback will be welcomed by our customers internationally."

Notes:

EOS Australian Stock Exchange trading code: EOS

EOS website: www.eos-aus.com

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

Metal Storm website: www.metalstorm.com

About Metal Storm

Metal Storm Limited is a multi-national 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 U.S., with an office in Washington, D.C.

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.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

About Electro Optic Systems Holdings Limited

EOS is a public company, specializing in the design, development and production of sophisticated laser technologies, including supporting software and electronic sub-systems. EOS' advanced technologies are applied to a variety of sighting and surveillance applications in the aerospace and defense markets.

The combat-proven EOS sensor and fire control systems are currently deployed in the US Army CROWS (Common Remotely Operated Weapons System) program which has been successfully fielded since 2003, and is used in operations in Iraq. The EOS integrated surveillance and fire control technology employs state-of-the-art multi-spectral sensors and fire control software for direct-fire ballistic weapons.

[elazard0]

I come on this board to get some information about Mtsx and it looks like nobody is home. Did you all finally realize something about Mtsx and decided to sell?

[don_knotts]

I knew I should have dumped this stock when it was around 14 dollars a share. Now, I another STUCK BAGHOLDER.

[teapeebubbles]

no and no but still watch just incase glty

[Pickle Power]

Are you still a shareholder?? Anything new to post regarding recent demostrations, new CEO, etc..

TIA

[Pickle Power]

Anybody know the scoop on the new CEO?

[teapeebubbles]

http://www.physorg.com/news1852.html

NEWS$$$$MTSX GETS FUNDING ,JUST SIGNED WITH NOC & LMT

[biggins]

Metal Storm is poised for monster growth in the next year. Bush will help all securuty related stocks.

[teapeebubbles]

MTSX DJ Metal Storm Up 44% On Agreement With Lockheed Martin

10/19/2004
Dow Jones News Services
(Copyright © 2004 Dow Jones & Company, Inc.)


10-19-04 0935ET

*DJ Metal Storm Up; Cos Developing Torpedo Defense System


10-19-04 0935ET


News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.

Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision.
Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.

[teapeebubbles]

Metal Storm gun profiled in Popular Science (MTSX)

The June issue of Popular Science profiles Metal Storm, "Gun that Fires a Million Rounds a Minute." MTSX brings digital technology to what has been one of the battlefield's last holdouts from the electronics revolution. Metal Storm's solution--now being examined by the Department of Defense--is to remove virtually every moving part from modern guns and replace them with electronic ballistic technology and computerized controls. Bullets stacked in the barrel fire at rates of up to 60,000 rounds per minute, even a million in certain multi-barrel configurations. An Army senior VP says: "We're not talking about always firing at a million rounds per minute. But if you've got one of these mounted in an aircraft and have a rocket-propelled grenade coming at you, you can in an instant have 200 little bullets intercepting it." Moreover, Metal Storm could fire nonlethal rounds such as rubber bullets--for, say, crowd dispersal.

[Smithasd]

ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 31, 2004--Pioneer of
electronic ballistics technology Metal Storm Limited (Nasdaq:MTSX;
ASX:MST) has reported group revenue from ordinary activities of U.S.
$2,231,097 for the half year ended 30 June 2004. This result compares
with revenue of $339,312 for the corresponding period last year. Metal
Storm CEO Mr. Charles Vehlow said the reported revenue included
$2,134,169 from the operations of the company's new US subsidiary
ProCam LLC.
"Since we acquired ProCam in December last year, it has received
orders worth more than $1,406,516 from General Dynamics Ordnance and
Tactical Systems, a business unit of General Dynamics. ProCam is also
instrumental in manufacturing prototypes of our electronic ballistics
system," Mr Vehlow said.
The company recorded a net loss of $3,625,997 ($0.01 per share and
$0.03 per ADR) for the half year ended 30 June 2004, compared with a
net loss of $2,254,492 ($0.007 per share and $0.04 per ADR) for the
corresponding period last year. Research and development expenses were
$627,847 compared to $1,462,584 for the same period last year.
The group loss includes a loss of $783,766 from the operations of
ProCam. This reflects the subsidiary company's expected first half
business cycle, the take up of costs associated with its integration
into Metal Storm's operations, development costs for Metal Storm
components used in US demonstrations, the introduction of new
financial and inventory controls, adjustments for foreign currency
movements, and changes to personnel.
Group expenses for the period included increased salary and wages
costs associated with the employment of additional technical staff in
the company's US and Australian offices, the valuation of options
granted and issued using the Black Scholes method, costs associated
with capital raising activities, and costs associated with testing and
demonstrating Metal Storm technology in Australia and the US.
At the end of the first half of 2004, Metal Storm held $14,937,954
in cash and cash equivalents.
Mr Vehlow said the group was well positioned to move toward
commercializing its electronic ballistics technology. "We have a
strong portfolio of intellectual property, an increasing exposure
within defence and military organizations and strong cash reserves,
all of which provide a very solid foundation for the further
development of our two core ballistics systems: the 40mm and 9mm
platforms," he said.
The company has achieved several important milestones during the
first half of 2004, including:

-- Successful completion of a number of demonstrations, which
have increased awareness of the company's technology among key
defense and military organizations. These demonstrations have
included test firings from a ground-based unmanned aerial
vehicle and a robotic ground vehicle, as well as test firings
of a 40mm, single barrel, multi shot weapon, which enables a
soldier to repeatedly engage a moving target without
reloading.

-- Working with US engineering and technology company
Foster-Miller Inc. to develop a new program to defend naval
ships from multiple airborne and surface threats. This program
is being developed as part of a Phase I Small Business
Innovation Research program award granted by the US Navy.

-- The receipt of three new patents from the US Patent and
Trademark Office.

-- Winning the lead role in a US Navy project to develop an
anti-RPG system funded through a Phase 1 Small Business
Innovation Research (SBIR) program.

The company's results have been reviewed in accordance with
Australian Auditing Standards applicable to review engagements.

About Metal Storm

Metal Storm Limited is a defense technology company, employing
approximately 50 staff, headquartered in Brisbane, Australia and
incorporated in the US, with offices in Washington DC and a defense
engineering capability located in Seattle, operating as ProCam Machine
LLC. The Company has invented 100% electronic ballistics technology
that has no known conventional equivalent. Metal Storm is working with
government agencies and departments, and the defense industry to
develop a variety of systems utilizing the Metal Storm non-mechanical,
electronically fired stacked ammunition system.

[Smithasd]

ARLINGTON, Va.--(BUSINESS WIRE)--Aug. 31, 2004--Pioneer of
electronic ballistics technology Metal Storm Limited (Nasdaq:MTSX;
ASX:MST) will take the lead role in a US Navy program to develop a
system to defeat incoming rocket propelled grenades (RPGs). The
program is part of a Phase 1 Small Business Innovation Research (SBIR)
award to the company's US subsidiary, Metal Storm Inc.
Metal Storm will be prime contractor in this funded program
designed to demonstrate the feasibility of producing an RPG defense
system that integrates Metal Storm's electronic ballistics technology
with the sensor, mount and fire control system of subcontractor
Northrop Grumman (NYSE: NOC).
Metal Storm Chief Executive Officer, Mr. Charles Vehlow, said the
company is now recognized as having the capability to take the lead in
critical defense feasibility projects, such as the RPG defense system,
and has the engineering and technical depth to deliver on such a
significant program.
"Increasingly, US and allied forces are finding themselves
vulnerable to RPG attacks, which generally occur at short range and
allow only a fraction of a second for a response. We believe Metal
Storm technology provides unique advantages to address the threat
posed by RPGs. Importantly, this project will draw on the technology
platforms already being developed by the company," Mr Vehlow said.
Phase I of the program aims to develop the system concept, and
will span a six-month period commencing August 30, 2004. If
successful, the program would then proceed to Phase II, during which a
demonstrator system would be developed.

www.metalstorm.com

[teapeebubbles]

4.39 new 52 wk low

[teapeebubbles]

next week there is a show coming

[teapeebubbles]

And their other products were featured on tech TV this past weekend - getting exposure - I think it's a well-concieved plan to promote/market their products to the general public - something big is coming - most companies do not show their wares this publically - one U.S. Govt. contaract ans this puppy runs like a scalded monkey
Re: new handgun being developed TASR competition http://www.metalst

[usasingh1]

in report read page 14 th

[usasingh1]

http://www.metalstorm.com/pdf/2004_July_15_Form%2020-F_2003_ASX.pdf

[teapeebubbles]

T.V. exposure et al that will follow...
mach_5_50 07/15/04 11:49 am
Msg: 16980 of 16997

http://www.g4techtv.com/show_schedule.aspx?show_key=46&pg=1

2nd item
from yahoo poster..
Thanks, link did not work for me until after i registered and signed in.



Metal Storm - 21st Century ballistics, guns that shoot on a mouse-click. (episode 206)
In this episode of "Future Fighting Machines" we feature Metal Storm -- a ballistic system that can shoot thousands of bullets with a simple mouse-click. Then it's off to Scandinavia to uncover the Skjold -- a stealthy catamaran that you can't find in the IKEA catalog. Finally, we go underwater with little sea animals, which take photos and collect intel for the US Navy.
Thursday July 15
11:30am ET / 8:30am PT





Fighting Raptors (episode 205)
In this episode of "Future Fighting Machines" we give you a glimpse of the Air Force's awesome new F/A-22 Raptor fighter plane. Then the US Army Rangers show you exactly how lethal they can be -- especially when there's a Black Hawk down! Back across the pond, British Apache Longbow helicopter pilots go on a hair-raising mission -- and return in time for a nice cup of tea.
Saturday July 17
5:30pm ET / 2:30pm PT





Fighting Raptors (episode 205)
In this episode of "Future Fighting Machines" we give you a glimpse of the Air Force's awesome new F/A-22 Raptor fighter plane. Then the US Army Rangers show you exactly how lethal they can be -- especially when there's a Black Hawk down! Back across the pond, British Apache Longbow helicopter pilots go on a hair-raising mission -- and return in time for a nice cup of tea.
Sunday July 18
2am ET / 11pm PT





Metal Storm - 21st Century ballistics, guns that shoot on a mouse-click. (episode 206)
In this episode of "Future Fighting Machines" we feature Metal Storm -- a ballistic system that can shoot thousands of bullets with a simple mouse-click. Then it's off to Scandinavia to uncover the Skjold -- a stealthy catamaran that you can't find in the IKEA catalog. Finally, we go underwater with little sea animals, which take photos and collect intel for the US Navy.
Sunday July 18
4:30pm ET / 1:30pm PT





Metal Storm - 21st Century ballistics, guns that shoot on a mouse-click. (episode 206)
In this episode of "Future Fighting Machines" we feature Metal Storm -- a ballistic system that can shoot thousands of bullets with a simple mouse-click. Then it's off to Scandinavia to uncover the Skjold -- a stealthy catamaran that you can't find in the IKEA catalog. Finally, we go underwater with little sea animals, which take photos and collect intel for the US Navy.
Sunday July 18
5:30pm ET / 2:30pm PT





Metal Storm - 21st Century ballistics, guns that shoot on a mouse-click. (episode 206)
In this episode of "Future Fighting Machines" we feature Metal Storm -- a ballistic system that can shoot thousands of bullets with a simple mouse-click. Then it's off to Scandinavia to uncover the Skjold -- a stealthy catamaran that you can't find in the IKEA catalog. Finally, we go underwater with little sea animals, which take photos and collect intel for the US Navy.
Monday July 19
2am ET / 11pm PT

[teapeebubbles]

MTSX NEWS

Metal Storm to Present at AUVSI's Unmanned Systems North America 2004


Business Editors

ARLINGTON, Va.--(BUSINESS WIRE)--AUVSI Unmanned Systems North America 2004 --
Metal Storm Limited (Nasdaq:MTSX, ASX:MST) will be
present at the Association for Unmanned Vehicle Systems
International's (AUVSI) Unmanned Systems North America 2004 conference
from August 3-5 at the Anaheim Convention Center in Anaheim,
California. Metal Storm will be exhibiting its 4-barrel 40mm Metal
Storm pod mounted on Foster-Miller Inc.'s TALON Robot. The company
will be showcasing its 40mm multi-shot capability in conjunction with
Foster-Miller, an independent privately held engineering and
technology development firm

[teapeebubbles]

Load up the truck. Patented revolutionary gun technology.

[usasingh1]

new 52 week low oh dear

[teapeebubbles]

would think MTSX mut have a big contract coming soon due to need of their techno stuff in Iraq

[teapeebubbles]

12:06PM Metal Storm gun profiled in Popular Science (MTSX) 5.43 +0.03: The June issue of Popular Science profiles Metal Storm, "Gun that Fires a Million Rounds a Minute." MTSX brings digital technology to what has been one of the battlefield's last holdouts from the electronics revolution. Metal Storm's solution--now being examined by the Department of Defense--is to remove virtually every moving part from modern guns and replace them with electronic ballistic technology and computerized controls. Bullets stacked in the barrel fire at rates of up to 60,000 rounds per minute, even a million in certain multi-barrel configurations. An Army senior VP says: "We're not talking about always firing at a million rounds per minute. But if you've got one of these mounted in an aircraft and have a rocket-propelled grenade coming at you, you can in an instant have 200 little bullets intercepting it." Moreover, Metal Storm could fire nonlethal rounds such as rubber bullets--for, say, crowd dispersal.

[usasingh1]

06 MTSX Metal Storm gun profiled in Popular Science (5.43 +0.03)

The June issue of Popular Science profiles Metal Storm, "Gun that Fires a Million Rounds a Minute." MTSX brings digital technology to what has been one of the battlefield's last holdouts from the electronics revolution. Metal Storm's solution--now being examined by the Department of Defense--is to remove virtually every moving part from modern guns and replace them with electronic ballistic technology and computerized controls. Bullets stacked in the barrel fire at rates of up to 60,000 rounds per minute, even a million in certain multi-barrel configurations. An Army senior VP says: "We're not talking about always firing at a million rounds per minute. But if you've got one of these mounted in an aircraft and have a rocket-propelled grenade coming at you, you can in an instant have 200 little bullets intercepting it." Moreover, Metal Storm could fire nonlethal rounds such as rubber bullets--for, say, crowd dispersal.

[teapeebubbles]

Australia's Metal Storm to commercialise hand gun ( Asia In Focus )

BRISBANE, May 21, 2004 (Asia In Focus via COMTEX) -- Ballistics company METAL
STORM LTD (ASX:MST) today said it had set up a subsidiary to commercialise a
civilian hand gun that could produce revenue for the cash-burn company in 2006.
At its annual general meeting in Brisbane, Metal Storm also said it was in its
strongest financial position in history but declined to pinpoint when it
expected to be cash flow positive.

* Metal Storm reported a net loss of $A6.4 million ($US4.45 million) for 2003.

* Chief executive Chuck Vehlow told shareholders the company was focussed on the
40mm and 9mm calibre products, with priority applications including a grenade
launcher, fire-fighting system and smart gun.



(C) Copyright 2004 Asia In Focus

-0-


KEYWORD: Australia
INDUSTRY KEYWORD: Defence

*** end of story ***

[teapeebubbles]

MTSX and IMX go hand in hand
by: brycescoo (20/M/Fallbrook, CA) 05/20/04 04:28 pm
Msg: 12404 of 12405

MTSX will use IMX's QS which will be mounted on top of metal storm robots to detect sarin gas

[teapeebubbles]

this one shud/cud/will pay off richly in a couple months.

[teapeebubbles]

http://home.businesswire.com/portal/site/home/index.jsp?epi-content=GENERIC&newsId=2004052000537...

[teapeebubbles]

ARLINGTON, Va.--(BUSINESS WIRE)--May 20, 2004--Metal Storm Limited (NASDAQ:MTSX and ASX: MST) International ballistics company Metal Storm Limited has demonstrated the live firing of its electronic ballistics system from a robotic ground vehicle to key defense personnel in the US.


The demonstration included the remotely controlled firing of stacked pyrotechnic and inert 40mm rounds from a four-barrel pod with recoiling system mounted on a "Talon" robot manufactured by Foster-Miller Inc. (Foster-Miller) and supplied and operated by the US Army's Picatinny Arsenal facility.

Metal Storm personnel worked closely with US Department of Defense representatives on the Warren Grove Gunnery Range in New Jersey, USA to conduct the demonstrations which were attended by defense personnel including the US Army Research Development Engineering Command (ARDEC), and a number of industry representatives including several from Telecordia - an associate company of Science Applications International Corporation (SAIC), and General Dynamics Corporation.

Metal Storm's Director of Scientific Innovation, Mr. Mike O'Dwyer said the firing represented a significant demonstration of the capability and versatility of the generic Metal Storm 40mm Ballistics System, combining it with an important piece of existing military equipment with potential to greatly enhance its operational capability.

"Our electronic ballistics system has no mechanical parts and provides a lightweight, compact weapon which carries a payload of 16 shots, 10 more than the existing alternative. The system is capable of variable rates of fire, selected and fired by remote control. We intend to undertake further development of the Metal Storm system with a view to increasing the payload to 48 shots" said Mr. O'Dwyer.

"The Metal Storm robotic weapon system can punch above its weight, offering real potential for robotic vehicles to undertake more offensive roles on operations."

"Because the system is able to deliver a payload disproportionate to its size and weight, it is potentially suitable for a range of different applications that could significantly increase the operational capability for field commanders," said Mr. O'Dwyer.

The Talon robot has been developed by Foster-Miller to operate in rugged terrain up to 1.6 kilometres from its base, and is currently in service in Afghanistan and Iraq.

It is an all-weather, all-terrain, tracked robot with a day/night capability, and can be configured for many different types of missions. It provides a potential first strike option that does not risk soldiers' lives.

Foster-Miller Inc. President Dr. William Ribich said the versatility and capability of the Metal Storm weapon system are highly impressive.

"The combination of Metal Storm and Foster-Miller technologies provides significant potential to deliver new robotic capabilities that meet our military customers' complex requirements," Dr Ribich said.

"We anticipate that further development would allow the Talon/Metal Storm system to provide intense firepower at various ranges, using either lethal or less-than-lethal munitions.

"This capability would make it ideal for tasks such as access denial, facility protection and crowd control missions," he said.

Video clips of the Metal Storm / Talon demonstration will shortly be available for viewing on the Metal Storm website:

[usasingh1]

news not on yahoo yet MTSX Metal Storm demonstrates robotic-mounted weapon (5.27 )

Co announces that it has demonstrated the live firing of its electronic ballistics system from a robotic ground vehicle to key defense personnel in the US. The system has no mechanical parts and provides a lightweight compact weapon which carries a payload of 16 shots, 10 more than the existing alternative. The Talon robot can operate on rugged terrain up to 1.6 km from its base and is currently in service in Iraq and Afghanistan.

[usasingh1]

MTSX Metal Storm demonstrates robotic-mounted weapon (5.27 )

Co announces that it has demonstrated the live firing of its electronic ballistics system from a robotic ground vehicle to key defense personnel in the US. The system has no mechanical parts and provides a lightweight compact weapon which carries a payload of 16 shots, 10 more than the existing alternative. The Talon robot can operate on rugged terrain up to 1.6 km from its base and is currently in service in Iraq and Afghanistan.

[teapeebubbles]

FROM Popular Science June 2004..
Here's a cut and paste-you can go to the website for the whole article dealing with future weapons,fast track and DoD.
A GUN THAT FIRES A MILLION ROUNDS A MINUTE

Firing a gun has always been an intensely mechanical process: Pull the trigger and a hammer strikes the back of a bullet--usually inserted into the chamber by a spring mechanism--causing explosive powder in the bullet to shoot out a slug. The slug exits the front of the barrel and another spring ejects the empty shell from the side of the gun.

For centuries, gun manufacturers have only been able to finesse the firing process, and guns remain prone to jamming, misfiring due to deterioration of moving parts, and occasional explosive failure that can kill or severely injure the soldier firing the weapon. The Australian company Metal Storm has an answer: Bring digital technology to what has been one of the battlefield's last holdouts from the electronics revolution. Metal Storm's solution--now being examined by the Department of Defense--is to remove virtually every moving part from modern guns and replace them with electronic ballistic technology and computerized controls. Bullets stacked in the barrel fire at rates of up to 60,000 rounds per minute, even a million in certain multi-barrel configurations. Coded electric signals ignite propellant embedded within each specially designed bullet. The pressure created by the small explosion pushes out the bullet while at the same time enlarging the bullet behind it, sealing the barrel and preventing the other charges from igniting until commanded to do so.

Though hand-carried versions won't fire at a million rounds per minute--no soldier would want to reload every three milliseconds--vehicle-mounted systems could. Art Schatz, the senior vice president of operations in Washington, D.C., says that if larger barrels were clustered on the back of a Humvee or in a helicopter, the result would be a powerful "area-denial" weapon. The system can be adjusted to meet various needs. "We're not talking about always firing at a million rounds per minute," Schatz says. "But if you've got one of these mounted in an aircraft and have a rocket-propelled grenade coming at you, you can in an instant have 200 little bullets intercepting it." Moreover, Metal Storm could fire nonlethal rounds such as rubber bullets--for, say, crowd dispersal. The system's key drawback: The guns require electrical power, making them yet another gadget soldiers will need to keep supplied with batteries.

The Metal Storm system has been tested on rounds ranging from 9mm to 60mm, and in a variety of weapons, including the O'Dwyer VLe (a "smart gun" with electronic safety controls, named after company founder Mike O'Dwyer), and clustered pods of barrels that achieve the million-round-per-minute numbers. The U.S. military is helping fund Metal Storm. If the Pentagon decides to adopt the weapon, it will probably enter use in 5 to 10 years--that's how long it will take for the military to design new weapons around the system, test them, and distribute them to soldiers. n


Eric Adams is PopSci's aviation and automotive editor.








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http://biz.yahoo.com/bw/040310/105402_1.html


Metal Storm recently announced plans to conduct live firing demonstrations from an unmanned helicopter in the U.S. during the second quarter of 2004. This is the key deliverable under a Memorandum of Understanding (MOU) that Metal Storm signed with Dragonfly Pictures Inc. (DPI) on February 23, 2004 to demonstrate the capability of a weaponized version of DPI's new Dragonfly DP-4X unmanned helicopter.


also:http://biz.yahoo.com/bw/040225/255539_1.html

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MTSX Navy Research Award

http://au.dailynews.yahoo.com/finance/20040511/reutersfinance/1084238833-135028772.html

[usasingh1]

MTSX Metal Storm to assist in new program with Navy (5.12 )

Company will play key role in development of a new program designed to defend US naval ships from multiple airborne and surface threats. Termed 'Thunder and Lightning Shield', the program proposes to employ both MTSX and Foster-Miller technology to protect US vessels from close range threats such as sea skimming cruise missiles and small, fast boats containing explosives.