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FATS News U.S. Marine Corps Security Guard Upgrades with FATS New Portable Training Solution in $5.5 Million Contract

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ATLANTA--(BUSINESS WIRE)--Oct. 4, 2005--The U.S. Marine Corps (USMC) has awarded FATS, Inc. a contract valued at approximately $5.5 million to provide a newly developed, portable virtual small arms training solution for U.S. Marine Security Guard forces worldwide.

In accordance with the contract, FATS will deliver an initial 65 systems. The contract includes options providing a potential value up to $20 million. Each training site will receive a FATS Individual Marksmanship Trainer - Enhanced, Marine Security Guard (ISMT-MSG) along with equipment compliments that include FATS BLUEFIRE(TM) wireless weapon simulators.

The new, portable solution maintains full FATS training system functionality, is interoperable with the entire FATS product suite and is scalable to accommodate the varying demands of deployed Marines in training, transport and storage. The FATS portable solution can be set up in minutes and comes complete in a self-contained, lightweight, ruggedized, one-man portable case.

"FATS is proud to be selected by the U.S. Marine Corps to provide this fully deployable training solution. Our armed forces now have the capability to train marksmanship, use of force judgment and small unit tactics on one system whether at home station, shipboard or while deployed into theater operations," said FATS chief executive officer Ron Mohling. "This order exemplifies the results of partnering FATS technology with our military to fulfill current and future training needs."

FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC: FATS), designs and sells virtual training systems that improve the skills of the world's military, law enforcement and security forces. FATS training provides judgmental, tactical and combined arms experiences, utilizing quality engineered weapon simulators. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. FATS, an ISO 9001:2000 certified company, celebrated its 20th anniversary in 2004. The company Web site is www.fatsinc.com.

Except for financial information contained in this press release, the matters discussed may consist of forward-looking statements under the Private Securities Litigation Reform Act of 1995. The accuracy of the forward-looking statements, including statements regarding future events or the future financial performance of the company, is necessarily subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors including those discussed above are: general business and economic conditions; the company's success in competing for new contract awards; customer acceptance of and demand for the company's new products; receipt and delivery of a sufficient level of orders from new and existing customers as well as satisfactory completion of delivery of a sufficient portion of backlog; the company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the company's products; and the risk factors listed from time to time in documents on file with the SEC. When used in this release, the words "believes," "estimates," "plans," "expects," "should," "will," "may," "might," "anticipates" or similar expressions as they relate to the company, or its management, are intended to identify forward-looking statements. The company, from time to time, becomes aware of rumors concerning the company or its business. As a matter of policy, the company does not comment on rumors. Investors are cautioned that in this age of instant communication and Internet access, it may be important to avoid relying on rumors and unsubstantiated information regarding the company. The company complies with Federal and State law applicable to disclosure of information concerning the company. Investors may be at significant risk in relying on unsubstantiated information from other sources.





Marine Embassy Guard Association Archive







Subject
FATS Training System for MSG Bn
Item Type
Historical Item
Item Number
HI_MSGBN_2005_FATSTrainingSystem
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