Business
Allen-Vanguard announces $2.5 million overseas order for Electronic Counter Measures (ECM) equipment
Allen-Vanguard announces $2.5 million overseas order for Electronic Counter Measures (ECM) equipment.
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\n\nOTTAWA, May 12 /CNW Telbec/ - Allen-Vanguard Corporation (the \"Company\"\nor \"Allen-Vanguard\") (TSX: VRS) of Ottawa, Canada announced today that it has\njust received a further overseas order worth $2.5M for its advanced digital\nECM equipment which is used to counter the threat of remotely detonated\nexplosive devices (all amounts in Canadian dollars).\n\"ECM has become a major revenue driver this year and we're pleased to see\nthe continued momentum and the confidence international customers have in our\ntechnology,\" said David E. Luxton, President and CEO.\nThe Company stated that it also continues to accumulate other, smaller\norders in overseas ECM sales and expects to deliver most of the present ECM\norder backlog in the second half of the current fiscal year. ECM sales to date\nare exclusively for customers overseas and are separate from the potential for\nU.S. sales under the Technology License and Supply Agreement with Lockheed\nMartin announced January 18th, 2006.\n\nAbout Allen-Vanguard\nAllen-Vanguard Corporation and its subsidiaries worldwide operate under\nthe brand \"Allen-Vanguard\". The Company develops and markets technologies,\ntools and training for defeating and minimizing the effects of hazardous\ndevices and materials, whether Chemical, Biological, Radiological, Nuclear or\nExplosive (CBRNE). The Company's equipment is in service with leading security\nand military forces in more than 120 countries. Products include Electronic\nCounter-Measures (\"ECM\") equipment for jamming remote detonation of terrorist\ndevices, specialty security equipment for Explosive Ordnance Disposal (\"EOD\"),\nremote intervention robots for hazardous applications, vehicle barrier\nsystems, and personal protective wear for use in dealing with bio-chemical\nagents. Allen-Vanguard is the sole, worldwide licensee and/or developer of\npatented technologies such as the Universal Containment System and CASCAD Foam\nfor blast mitigation and decontamination of bio-chemical warfare agents. Head\noffice operations are located in Ottawa, Ontario, Canada, with manufacturing\noperations in Stoney Creek, Ontario; Tewkesbury, U.K.; and Cork, Ireland, and\nsales offices in Canada, the U.S., the U.K. and Asia. The Company's shares are\nlisted on The Toronto Stock Exchange (TSX: VRS).\n\nThis press release may contain forward-looking...