Armor Designs, Inc.
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Annual Report & Accounts 2008
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ADI:The Company and its objectives protecting today - securing tomorrow Armor Designs Inc. (ADI) is a knowledge-based company which develops next-generation composite armour solutions to serve military, law enforcement and commercial markets. It utilises patented Volumetrically Controlled Manufacturing (VCM) methodology to create state-of-the-art solutions in timeframes never before achieved. Applications of these solutions are far reaching, and provide ADI with a unique competitive advantage. 1 Our Core Proposition 2 Our Technology 3 R&D/Scorpion Works 4 Market Opportunities 6 Our Strategy 7 2008 in Review 8 Company Overview 10 Chairman's Statement 14 Board of Directors and Executives 16 Directors' Report 20 Report on Corporate Governance 24 Report of Independent Certifi ed Public Accountants 25 Consolidated Balance Sheet 26 Consolidated Statement of Operations 27 Consolidated Statements of Changes in Equity 28 Consolidated Statement of Cash Flows 29 Notes to the Accounts 41 Preliminary Notice of Annual Meeting 44 Shareholder Information contents