Friday, September 23, 2005 2:03:47 AM
Harrington Group Ltd (OTC: HGRLF) (ASX: HGR), an emerging leader in next-generation less-lethal weapons solutions for the military and law enforcement, and Materials Systems Inc (MSI) of Boston, MA, USA, advise that they have commenced a development partnership to explore the expansion of potential options and materials for the existing ShockRounds(TM) line of products.
Using MSI expertise and patented technology, the Company will be aiming at complementing ShockRounds product development to date with materials more suited for use in smaller calibers than the 37mm and 40mm currently under development. This will enable a far improved power to weight ratio within each projectile.
Harrington Group CEO Marshall Couper stated, "We welcome MSI as a Harrington Group development partner and look forward to gaining the full benefit of their track record in development, optimization and fabrication. We anticipate that the MSI partnering will enable us to expand our product range and the effectiveness of ShockRounds products."
Similarly, Materials Systems President Les Bowen outlined his enthusiasm for this development partnership: "We have been in discussions with Harrington Group for some time and are very excited about this effort and its market potential. MSI has been on the leading edge of research and development with these materials and this project is a natural extension of our expertise and core engineering skills."
ABOUT HARRINGTON GROUP LIMITED
Harrington Group Limited, an MDM Group (OTC: MDDM) company listed in Australia and quoted in the US, is a developer of homeland security, military and law enforcement products and solutions including its ShockRounds technology, which is positioned as a major breakthrough in the ammunition, military and law enforcement industries. This patent-pending ShockRounds technology introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. The less lethal versions of ShockRounds are intended to minimize casualties and injuries when dealing with serious crowd disturbances and threat situations.
ABOUT MATERIALS SYSTEMS INC
Founded in 1991, Materials Systems Inc (MSI) develops and manufactures advanced materials, custom components and specialised piezoceramics for the US Navy, defense and commercial systems customers. Its products range from acoustic transducers for underwater sonar and industrial ultrasound to large sapphire windows for transparent armor and infrared surveillance. See: www.matsysinc.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
Source: Market Wire (September 22, 2005 - 9:10 AM EDT)
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