SOURCE: American Defense Systems, Inc.

American Defense Systems, Inc.

February 24, 2009 08:00 ET

ADSI Strengthens Physical Security at the New York Stock Exchange

HICKSVILLE, NY--(Marketwire - February 24, 2009) - American Defense Systems, Inc. ("ADSI") (AMEX: EAG), a leading provider of advanced transparent and opaque armor, architectural hardening and security products for Defense and Homeland Security, has added additional ADSI enhancements to the physical security at the New York Stock Exchange operated by NYSE Euronext.

As the result of a continued threat assessment and security analysis by ADSI professionals, the new installation includes a set of high threat security doors. This follows an earlier installation of security windows on the executive level, a curtain wall system for the exchange's data center, and security doors in the entrance to the trading floor. The new installation was completed efficiently and without affecting the normal operations of the busy exchange.

"The NYSE is a marquee ADSI client that has extraordinary physical security needs," said ADSI's chief executive officer, Anthony J. Piscitelli. "Our installation at the exchange is designed to provide state-of-the-art protection and physical security for NYSE employees and the critical functions of the exchange. It is the result of an ongoing relationship to provide this security at an extremely high level as the needs of the exchange evolve and change."

"This installation also reflects what we see as a growing awareness and need to protect our citizens, diplomats, and military personnel in government, commercial and military facilities around the world with advanced security and protection technologies like those provided by ADSI," added Piscitelli. "The NYSE has a number of options, so we attribute this award to our reputation for delivering and maintaining installations at the highest level of effectiveness, while also remaining cost-competitive."

About the New York Stock Exchange

The New York Stock Exchange (NYSE) is the premier listing venue for the world's leading large and medium-sized companies. As the largest and most liquid cash equities exchange in the world, NYSE-listed companies must meet and adhere to the overall highest listing standards. The exchange is operated by NYSE Euronext (NYX), a holding company created by the combination of NYSE Group, Inc. and Euronext N.V. in April 2007.

NYSE Euronext

NYSE Euronext (NYX) is the world's leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext's other exchanges include Liffe, the leading European derivatives exchange by value of trading, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.

About American Defense Systems

American Defense Systems, Inc. (ADSI) offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. ADSI engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. For more information about American Defense Systems, go to www.adsiarmor.com

Some of the statements made by American Defense Systems, Inc. ("ADSI") in this press release, including, without limitation, statements regarding ADSI's anticipated future growth, are forward-looking in nature. ADSI intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "expects," "anticipates," "intends," "plans," "believes," "estimates," "predicts," "potential," "forecasts," "continues" and similar expressions are forward-looking statements. ADSI cautions you that forward-looking statements are not guarantees of performance. ADSI undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause ADSI's actual future results to differ materially from those projected or contemplated in the forward-looking statements. ADSI believes that these risks include, but are not limited to: ADSI's reliance on the U.S. government for a substantial amount of its sales and growth; decreases in U.S. government defense spending; ADSI's ability to contract further with the U.S. Department of Defense; ADSI's ability to comply with complex procurement laws and regulations; competition and other risks associated with the U.S. government bidding process; changes in the U.S. government's procurement practices; ADSI's ability to obtain and maintain required security clearances; ADSI's ability to realize the full amount of revenues reflected in its backlog; ADSI's reliance on certain suppliers; and intense competition and other risks associated with the defense industry in general and the security-related defense sector in particular.

Additional information concerning these and other important risk factors can be found under the heading "Risk Factors" in ADSI's filings with the Securities and Exchange Commission, including, without limitation, its most recent registration statement on Form 10. Statements in this press release should be evaluated in light of these important factors.

Contact Information

  • Company Contacts:
    Roger Ward
    V.P. of Marketing & Investor Relations
    American Defense Systems, Inc.
    Tel 516-390-5300, x326
    Email Contact

    Investor Relations:
    Ron Both
    Managing Director
    Liolios Group, Inc.
    Tel 949-574-3860
    Email Contact