SOURCE: Defense Venture Group, Ltd.

Defense Venture Group, Ltd.

December 17, 2009 13:26 ET

Defense Venture Group and Tactical Runflat Systems Announce Acquisition of Military Runflat Technology From Drive Dynamics

CHARLOTTE, NC and DALLAS, TX--(Marketwire - December 17, 2009) - Defense Venture Group and its wholly owned subsidiary Tactical Runflat Systems, Inc. today are pleased to announce the purchase of Drive Dynamics, LLC's runflat tire systems business.

Runflat tire systems have been offered for several years. Their purpose is to enable a vehicle to maintain control and stability after losing air pressure in a tire, allowing drivers the opportunity to delay fixing a flat until they are in a permissive location to accomplish the repair.

Drive Dynamics' unique multi-segmented design and incorporated bead block system allows for fast service with nothing more than common hand tools in just about any environment and exceeds all current military runflat test protocols. This acquisition will provide the support necessary to scale production and meet the rising demand for a qualified solution.

Michael Marquart, Tactical Runflat's General Manager, states, "This proven technology is the best solution available and was used as a benchmark to set the new runflat standard." Drive Dynamics Founder, Bill Gardetto added, "I am excited that Tactical Runflat Systems has come forward with the commitment and resources necessary to field our technology, and I look forward to working with them into the future."

Gibson, Dunn and Crutcher of Los Angeles, CA, with the assistance of Blank Rome of Washington D.C., provided legal counsel to Tactical Runflat Systems. Bruce Baumgartner, with Thompson, Coe, Cousins & Irons, LLP of Dallas, TX, represented the interests of Drive Dynamics, LLC.

About Tactical Runflat Systems

Tactical Runflat Systems, Inc. is a wholly owned subsidiary of Defense Venture Group, formed specifically to manufacture and market runflat tire components and systems. Defense Venture Group is a portfolio company of J.F. Lehman & Company, a leading middle-market private equity investment firm focused on the defense, aerospace and maritime sectors.

For more information about Tactical Runflat, please visit or contact Michael Marquart at 704-597-1810.

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