SOURCE: BlastGard International Inc.

October 26, 2005 10:15 ET

BlastGard Signs Five Year Alliance Agreement With Nordisk Aviation Products, Inc.

CLEARWATER, FL and CAPE CANAVERAL, FL -- (MARKET WIRE) -- October 26, 2005 -- BlastGard International, Inc. (OTC BB: BLGA), a creator of blast mitigation products and services, has entered into a five-year alliance agreement with Nordisk Aviation Products. In accordance with the agreement, the companies will combine BlastGard technology with Nordisk's services to develop superior blast mitigating products for the air cargo and unit loading devices (ULD) market. The alliance will focus on devising solutions for newly manufactured ULDs as well as upgrading the safety profile of ULD units that are currently in the field. Nordisk Aviation Products, headquartered in Holmestrand Norway, is a company that specializes in supplying air cargo equipment to the commercial, integrator and cargo airlines of the world. The company is the leading manufacturer of ULDs (containers and pallets), operating globally with sales offices and regional headquarters in Hong Kong, Copenhagen, and Cape Canaveral, Florida.

James Gordon, CEO of BlastGard, said of the new alliance, "We are really excited to be working with Nordisk, the world's largest manufacturer of ULD containers, to enhance the safety of air travel worldwide. We believe that by employing our revolutionary BlastWrap® technology, we will be able to assemble a low cost, highly effective, blast mitigating solution for Nordisk's ULD containers that could vastly improve the chances of an aircraft's survival in the event of a midair explosion, such as the one that occurred in 1988 over Lockerbie Scotland."

BlastGard recently announced the signing of its first two significant orders featuring the utilization of BlastWrap® technology with existing applications. In June, the Company received a $735,000 order from the Washington Metropolitan Authority. Last month, the Company was awarded a contract from the Naval Supply Systems Command. Both deals use the Company's BlastWrap® technology in blast mitigating trash receptacles.

About BlastGard International, Inc.

BlastGard International, Inc. creates, designs, develops, manufactures and markets proprietary blast mitigation materials. The Company's patent-pending BlastWrap® technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new, finished products or be used to retrofit to existing products. While the need for this technology has always been present, the security and safety concerns resulting from the September 11, 2001 acts and the subsequent development of Homeland Security make the timing of the Company's emergence even more important. The Company's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. BlastWrap® is based upon well-defined principles and suppresses blast pressures by 50% or more. BlastWrap® products are made from two flexible films arranged one over the other and joined by a plurality of seams filled with attenuating filler material (volcanic glass bead or other suitable two-phase materials), configurable (designed for each application) with an extinguishing coating that offers a revolutionary blast protection system against Blast & Fire/burn threats. BlastWrap® is a blast mitigation assembly that can be wrapped around or conform to any shape. BlastWrap® is a concept (not a chemical compound) from which blast protection products are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at http://www.blastgardintl.com.

``Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: the Company's ability to market its products; the Company's ability to obtain additional funding; the Company's ability to obtain regulatory approvals on new products, the general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The Company takes no obligation to update or correct forward-looking statements.

Contact Information

  • Company Contact
    BlastGard International
    Michael Gordon
    (727) 592-9400

    Investor Relations Contact:
    Investor Relations Group
    Erik Lux, John Nesbett or
    Adam Holdsworth
    Media Contact:
    Mike Graff
    (212) 825-3210