Corporate News

15 April 2008

Board Changes

Armor Designs Inc. (AIM:ADID, ADIS), the leading and innovative composite armour materials developer and manufacturer, is pleased to announce a restructuring of its Board that will ensure that the Company is best placed to implement the next phase of its growth strategy.

The Company announces the following appointments with immediate effect.  Charles Snyder, a former Executive Vice President of California-based Aircraft Technical Publishers, replaces founder Dr. James St. Ville as CEO.   James St. Ville, will assume the position as Executive Chairman and will focus on further developing the Company's strategy, research & development, and client development across the globe. Robin Siegfried, the previous Chairman, will stay on with Armor Designs as a member of the Board Advisory Group and will continue to provide business guidance and support to the Company.

James St. Ville, Chairman of Armor Designs, commented:  "The Board is grateful for Mr. Siegfried's support and assistance over the years, and we look forward to benefiting from his further involvement with the Armor Designs Advisory Group.  The Company is also fortunate to have been able to attract someone of Mr. Snyder's significant international experience in structuring and managing joint venture relationships and I look forward to working with him and our executive team to realise the Group's undoubted commercial potential."

Charles Snyder, Chief Executive Officer of Armor Designs, Inc., added:  "I am delighted to join Armor Designs at this important point in its history as years of research and development are transformed into production and sales of the Company's most important products.  I believe that the technology and material simulation capabilities that Armor Designs has developed are truly ground breaking and will revolutionise the methodologies and materials used to protect people, vehicles, pipelines and buildings and other key assets from firearm and bomb threats in the 21st century.  I am looking forward to playing an active part in ensuring that Armor Designs achieves the success it is capable of across the many international markets to be served by the Company."

On 14 March 2008, the Company announced the appointment of David Seaton, former CEO and CFO of ArmorGroup International plc, as the interim CFO.   David Seaton has a wealth of experience in the defense sector. The Board believes he is already effectively managing the transition from a privately held to a publicly quoted company, and anticipates that he will be a tremendous asset to the Company as it grows its capacity, particularly in the USA and Europe.  

Armor Designs also announced its first international purchase order, of its lightweight body armor, from the Company's Mexican distributor, for body armor plates to be used for local law enforcement purposes, highlighting Armor Designs' progression from design and development to manufacturer and sale of life saving lightweight protective plates.  

Charles W. Snyder, aged 59, is, or has been within the last five years, a director or a partner of the following companies or partnerships:

Current Directorships
Development and Finance International Partners
Past directorships held in last 5 years
Global Capital Group
Other Disclosable Information
None

There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.

 

For further information:


Armor Designs, Inc.
 
Charles Snyder, CEO Tel: 00 1 602 275 4633
  www.armordesigns.com
Zimmerman Adams International Limited  
Graeme Thom / Fiona Kinghorn Tel: +44 (0) 20 7398 2900
GraemeT@zimmint.com www.zimmint.com 
Alexander David Securities Limited  
David Scott / Nick Bealer Tel: +44 (0) 20 7448 9800
david.scott@ad-securities.com www.ad-securities.com   

Media enquiries:

Abchurch  
Henry Harrison-Topham / Joanne Shears Tel: +44 (0) 20 7398 7709
joanne.shears@abchurch-group.com www.abchurch-group.com

 

Notes to Editors

Based in Phoenix, Arizona, Armor Designs specialises in the research, testing, development and commercialisation of composite armour products. 

Each of the products being developed by the Group, in whole or in part, is based upon a generic synthetic manufacturing process called VCM.  The VCM process was originally developed by Dr. James St. Ville and involves the creation of a computerised model into which can be inputted the specific tolerances and design constraints of a proposed product.  The model then adjusts the composition of the material until the required properties are achieved, through 3D design optimisation.  The VCM process gives the Group the potential to rapidly develop new composite armour products which might consist of various materials, such as metals, ceramics, resins and/or fibres, which in combination might share the same or better resistance to penetration as existing armour equivalents but which are, potentially, lighter and more versatile.

The VCM technology is the subject of several US and international patents and patent applications, which are owned by Aztec and which are exclusively licensed to Armor Designs subsidiary, Armor Designs LLC in the field of use of synthetic armour.

In addition, the Group's body armour has been tested at the H. P. White test centre, which is the test centre for the National Institute of Justice ("NIJ").  The Group is in negotiations with a US and an overseas military procurement office to supply body armour plates and anticipates the announcement of binding contracts in 2008.

 

 

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