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Allen-Vanguard Corporation comments on story that U.S. forces may limit requirements for Mine Resistant Ambush Protected (MRAP) vehicles
OTTAWA, Nov. 30 /CNW Telbec/ - Allen-Vanguard Corporation ("Allen-Vanguard" or the "Company") (TS...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, Nov. 30 /CNW Telbec/ - Allen-Vanguard Corporation\n("Allen-Vanguard" or the "Company") (TSX:VRS) commented today on press reports\nthat certain U.S. forces may reduce requirements for MRAP vehicles, and the\npotential impact of this for requirements for Electronic Counter Measures\n(ECM) equipment from Allen-Vanguard.\n\n\n"We note that there is a report circulating today that certain U.S.\nforces may reduce their requirements for MRAP vehicles by approximately 1,000\nunits," said David E. Luxton, President & CEO. "We have not been able to\nsubstantiate this report but in any case do not expect this to have any\nmaterial impact on requirements for our ECM systems, which are independent of\nvehicle type. Accordingly, we are not aware of any changes to ECM requirements\nthat would adversely affect our expectations for fiscal 2008.\n\n\nThe Company also noted reports that the effectiveness of ECM equipment in\nIraq has led to a reduction in attacks of improvised explosive devices (IEDs).\n"We view this as favourable for the future prospects of ECM programs, since\nmilitary forces tend to do more of what works, not less," said Mr. Luxton. "We\nrecognize that the present political climate in the U.S. is creating some\nunderstandable nervousness around military budgets and plans, which we will\nhave to weather, but we believe that essential protection for ground forces\nwill continue to receive strong support under any scenario."\n\n\nAbout Allen-Vanguard\n\n\nAllen-Vanguard Corporation supports the mission of military and homeland\nsecurity forces around the world with leading proprietary solutions for\nprotection and counter-measures against hazardous devices of all kinds,\nwhether chemical, biological, radiological or explosive ("CBRNE"), including\nimprovised explosive devices ("IEDs") and remotely controlled IEDs ("RCIEDs").\nAllen-Vanguard equipment is in service in more than 120 countries. Products\ninclude Electronic Counter-Measures ("ECM") equipment for jamming remote\ndetonation of terrorist devices, specialty security equipment for Explosive\nOrdnance Disposal ("EOD"), remote intervention robots for hazardous\napplications, and personal protective wear for use in dealing with explosive\nand bio-chemi...