Business
Allen-Vanguard announces $9 million in new overseas orders for Electronic Counter Measures (ECM) equipment
Allen-Vanguard announces $9 million in new overseas orders for Electronic Counter Measures (ECM) equipment.
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\n\nMore than $13M in ECM orders in 3 months\n\nOTTAWA, Jan. 20 /CNW Telbec/ - Allen-Vanguard Corporation (the \"Company\"\nor \"Allen-Vanguard\") (TSX: VRS) of Ottawa, Canada announced today that it has\nreceived $9M in new orders for its advanced digital ECM equipment which is\nused to counter the threat of remotely detonated explosive threats.\n\"These orders are from new customers under government programs, with\npotential for follow on requirements\", said David Luxton, Company Chairman and\nCEO. One order is for a European government for $3.1M and another is for an\noverseas client for $5.9M. The company expects to fulfill both orders in Q2\nand Q3.\nAllen-Vanguard has now received more than $13M in ECM orders in the past\nthree months and signed a strategic agreement with Lockheed Martin. The two\norders announced today are to meet foreign overseas requirements and are in\naddition to the potential for U.S. orders under the Technology License and\nSupply Agreement with Lockheed Martin announced January 18th, 2006.\n\"The pace and order size we're seeing in ECM sales reflects the potential\nof this market and why we focused on ECM as a business development priority in\nthe last year,\" added Luxton. \"This is a key area of anticipated growth for\nthe Company, driven by the critical need worldwide for better protection\nagainst remotely detonated explosive devices.\"\n\nAbout Allen-Vanguard\n--------------------\n\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. This includes a complete range\nof remote intervention robots for hazardous applications, vehicle barrier\nsystems, suspect package containers and Electronic Counter-Measures (ECM)\nequipment for jamming remote detonation of terrorist devices. The Company is a\nworld leader in the development, manufacturer and sale of specialty security\nequipment for Explosive Ordnance Disposal (EOD), and is the sole, worldwide\nlicensee and/or developer of patented technologies such as the Universa...