hmmm, Wonder if VTSI had a chance to bid?
FATS Baghdad Police Academy to Train on FATS Inc. Simulated Training Systems; U.S.
Government Awards FATS $1.7 Million
Contract
Business Editors
ATLANTA--(BUSINESS WIRE)--Nov. 30, 2004--FATS, Inc. has been
awarded a contract valued at approximately $1.7 million from the U.S.
Government to deliver law enforcement training systems to the Baghdad
Police Academy.
"This contract provides significant support for the U.S. Mission
in Iraq," said Ron Mohling, FATS Inc. chairman and chief executive
officer. "The success of Operation Iraqi Freedom hinges on the ability
of Iraqis to provide their own internal security. FATS understands the
challenge of getting new recruits up to speed quickly and our products
are ideal for this situation."
The contract calls for the provision of sophisticated police
training systems with multi-user configurations and judgmental
scenarios for training Iraqi security forces. The system has the
ability to monitor weapon diagnostics for instructional feedback. FATS
BLUEFIRE(TM) Glock 17 - - the first sensored, patented, wireless
firearm simulator - - is also included in the contract.
This represents the second time FATS will deliver training systems
in an operational theatre. In 2001, FATS delivered 13 systems to the
U.S. Army in the Balkans. Earlier this year, FATS delivered several
law enforcement systems to Greek Police forces in preparation of the
2004 Olympics.
The U.S. Mission in Iraq includes the training of selected
individuals to provide law and order in Iraq. To learn more about the
U.S. Mission in Iraq, please visit www.rebuilding-iraq.net.
To learn more about FATS virtual training capabilities, please
visit www.fatsinc.com.
About FATS
FATS, Inc., a subsidiary of Firearms Training Systems, Inc.
(OTC:FATS), designs and sells virtual training systems that improve
the skills of the world's military, law enforcement and security
forces. FATS training provides judgmental, tactical and combined arms
experiences, utilizing quality engineered weapon simulators. The
company serves U.S. and international customers from headquarters in
Suwanee, Georgia, with branch offices in Australia, Canada,
Netherlands and United Kingdom. FATS, an ISO 9001:2000 certified
company, celebrates its 20th anniversary in 2004. The company Web site
is www.fatsinc.com.
Except for financial information contained in this press release,
the matters discussed may consist of forward-looking statements under
the Private Securities Litigation Reform Act of 1995. The accuracy of
the forward-looking statements, including statements regarding future
events or the future financial performance of the company, is
necessarily subject to a number of risks and other factors which could
cause the actual results to differ materially from those contained in
the forward-looking statements. Among such factors including those
discussed above are: general business and economic conditions; the
company's success in competing for new contract awards; customer
acceptance of and demand for the company's new products; receipt and
delivery of a sufficient level of orders from new and existing
customers as well as satisfactory completion of delivery of a
sufficient portion of backlog; the company's overall ability to
design, test, and introduce new products on a timely basis; the
cyclical nature of the markets addressed by the company's products;
and the risk factors listed from time to time in documents on file
with the SEC. When used in this release, the words "believes,"
"estimates," "plans," "expects," "should," "will," "may," "might,"
"anticipates" or similar expressions as they relate to the company, or
its management, are intended to identify forward-looking statements.
The company, from time to time, becomes aware of rumors concerning the
company or its business. As a matter of policy, the company does not
comment on rumors. Investors are cautioned that in this age of instant
communication and Internet access, it may be important to avoid
relying on rumors and unsubstantiated information regarding the
company. The company complies with Federal and State law applicable to
disclosure of information concerning the company. Investors may be at
significant risk in relying on unsubstantiated information from other
sources.
--30--CK/at*
CONTACT: Freebairn & Co.
Nancy Mace Jackson, 800-715-9435
njackson@freebairn.com
KEYWORD: GEORGIA
INDUSTRY KEYWORD: AEROSPACE/DEFENSE LEGAL/LAW GOVERNMENT MARKETING
AGREEMENTS
SOURCE: FATS, Inc.
Copyright Business Wire 2004
Nov-30-2004 14:36 GMT
Symbols:
US;FATS
Source BW Business Wire
Categories:
MST/G MST/I/ARO MST/I/LAW MST/L/EN MST/R/US/GA MST/S/PDT TGT/BWN
AI
