Corporate News
Directorate Change
Armor Designs Inc. (AIM:ADID, ADIS), the designer and manufacturer of composite armour products targeting numerous sectors, is pleased to announce that David Seaton has been appointed to the Board with immediate effect as Chief Financial Officer. This is part of the previously announced restructuring of the Board to ensure that the Company is best placed to implement the next phase of its growth strategy.
David Seaton was appointed as interim CFO of the Company on 14 March 2008. David is an accountant by profession and was the former CEO of ArmorGroup International plc, a protective security company based in London, prior to which he was the CFO for eight years. David also held a number of senior finance positions within Schlumberger during his twelve year tenure including postings in Nigeria, France and Russia. He is also a non executive director of Scansol Limited, The Mole Clinic (Networks) Limited and The Mole Clinic Limited.
Charles Snyder, CEO of Armor Designs, commented: "David has a wealth of experience in the defence sector as well as public company life from his time spent at ArmorGroup International and we are delighted that David is joining the Board. His involvement in the Company since March has been hugely beneficial, and we are pleased that as a member of the Board his contribution will further support the Company's strategic development."
David John Seaton, aged 47, is, or has been within the last five years, a director or a partner of the following companies or partnerships:
Current Directorships
Scansol Limited |
The Mole Clinic (Networks) Limited |
The Mole Clinic Limited |
Past directorships held in last 5 years
ArmorGroup International plc |
Defence Systems International Limited |
Defence Systems Eurasia Limited |
ArmorGroup Services Limited |
ArmorGroup Limited |
ArmorGroup (Worldwide) Limited |
DSL Holdings Limited |
ArmorGroup Finance Management Limited |
ArmorGroup (UK) Limited |
ArmorGroup Iraq Limited |
Defence Systems Limited |
Phoenix CP Limited |
NYA International Limited |
Other Disclosable Information
In line with information requiring disclosure under paragraph 2 (g) (v) of Schedule 2 of the AIM Rules, David Seaton was a director of the following companies which were dissolved in the last five years.
The Stuffed Shirt Company Limited |
12/12/2001 |
* Asmara Limited |
17/02/2004 |
* CDR International Limited |
22/08/2006 |
* DSL Integrated Systems Limited |
17/02/2004 |
David Seaton was a director of The Stuffed Shirt Company Limited which was dissolved on 12 December 2001 with a loss to creditors of approximately £100,000.
* David Seaton was a director of a number of companies which dissolved as a result of them being dormant companies, which were subsidiaries of ArmorGroup International plc.
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, please contact:
| Armor Designs, Inc. | |
| Charles Snyder, CEO | Tel: +1 602 275 4633 |
| www.armordesigns.com | |
| Zimmerman Adams International Limited | |
| Graeme Thom / Charity Walmsley | Tel: +44 (0) 20 7060 1760 |
| 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 Armor Designs, in whole or in part, is based upon a generic synthetic manufacturing process called volumetrically controlled manufacturing ("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 Armor Designs 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 exclusively licensed to Armor Designs' subsidiary, Armor Designs LLC, in the field of use of synthetic armour.
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