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17.11.11

PRESS RELEASE - For immediate release

Marmen Signs MoU with Force Protection Industries
 
  • Joins Team Timberwolfin bid for Canada’s Tactical Armoured Patrol Vehicle
  • Job creation andeconomic boost among benefits for Trois-Rivières region

 

Trois-Rivières, Québec, November 17, 2011 — Marmen Inc. of Trois-Rivières, Québec, today announced it has signed a Memorandum of Understanding (MoU) with Force Protection Industries, Inc. as of August 30, 2011 to provide manufacturing and machining services for the Timberwolf, a safe, reliable and technically-advanced Tactical Armoured Patrol Vehicle (TAPV) specifically designed for the Canadian Forces.

 

The Canadian Government previously selected Force Protection Industries, Inc. as one of the qualified companies to provide up to 600 wheeled combat vehicles and related long term support services. The Department of National Defence (DND) expects to award a contract to the final selected bidder in 2012. 

 

In signing the MoU, Marmen has joined Team Timberwolf, led by Force Protection Industries and CAE. CAE would have overall responsibility for the comprehensive in-service support (ISS) solution.  Team Timberwolf is also composed of Canadian Tier 1 subcontractors Lockheed Martin Corporation, Elbit Systems Land and C4I (ESLC) and Malley Industries.

 

“We are very pleased to be part of Team Timberwolf,” said Patrick Pellerin, President of Marmen. “As an organization and as individuals, we take great pride in knowing that Marmen’s expertise and know-how can contribute to the safety of our Canadian troops.”

 

“Marmen was selected for the Timberwolf project based on the unmatched quality of its manufacturing and machining services, and we expect them to play a pivotal role in making what we think is the optimal vehicle for the Canadian Forces,” said Randy Hutcherson, Chief of Business Development of Force Protection. “In assembling Team Timberwolf, we have put together a dynamic group of Canadian companies with complementary capabilities that can deliver a low-risk, cost-effective, long-term TAPV solution to Canada.”

 

“Winning this project will allow Marmen to diversify and grow, yet we also expect the benefits of this project to extend beyond our own organization,” added Mr. Pellerin. “In addition to creating approximately 100 jobs at Marmen, the positive economic impact will certainly be felt throughout our region.”

 

 

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Force Protection Contacts

Tommy Pruitt, Senior Director, Global Communications, (843) 574-3866, tommy.pruitt@forceprotection.net


Marmen Contact

Claude Mallick, Corporate Communications, (819)-379-0453

claude.mallick@marmeninc.com

About Force Protection Inc. 

 

Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, including the Buffalo, Cougar, Ocelot and the related variants of each, are designed specifically for reconnaissance and other operations and protect their occupants from landmines, hostile fire, and improvised explosive devices (commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing the JAMMA, a new vehicle platform that provides increased modularity, transportability, speed and mobility. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of skilled field service representatives, and advanced driver and maintenance training programs. For more information on Force Protection and its products and services, visit www.forceprotection.net.

 

About Marmen, Inc.

 

Marmen is a world leader specializing in high-precision Machining, Fabrication and Mechanical Assembly. Since 1972, it has offered exceptional handling and production capacities and is known as a one-stop-shop solution for custom or serial parts. Marmen handles parts of all sizes in a variety of sectors, including oil & gas, wind and hydropower, steam and gas turbine, mining, steel and aluminum as well as in new target markets like defense and military, aerospace, shipbuilding and nuclear power. For more information about Marmen Inc. visit www.marmeninc.com.


Force Protection, Inc. Safe Harbor Statement

This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management. These forward-looking statements include, among other things: the growth, demand and interest for Force Protection’s services and products, including the Timberwolf, a Cougar variant; expectations for future programs and the related timing of proposals and awards; the ability to meet current and future requirements; the ability to drive manufacturing and operational efficiencies; and, the Company’s execution of its business strategy, including its development initiatives and opportunities to broaden its platform. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company’s business; the ability to win future awards and finalize contracts; and the other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and Form 10-Q for the three and nine months ended September 30, 2011


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