SOURCE: Metal Storm Limited

Metal Storm Limited

July 22, 2011 18:57 ET

Metal Storm Chosen for Canadian Small Arms Replacement Program

BRISBANE, AUSTRALIA--(Marketwire - Jul 22, 2011) - Metal Storm Limited (ASX: MST) (PINKSHEETS: MTSXY)

On 1st July Metal Storm Limited advised the market that Defence Canada had published material that identified Metal Storm Technology as a key component of the Canadian Small Arms Replacement Program.

The Company is pleased to announce that Metal Storm Inc. (MSI) has received formal confirmation of its published statements.

Mr Paul Harris, Scientific Authority for the Soldier Integrated Precision Effects System (SIPES) Program for Defence Canada, has provided MSI with the following Statement:

"To Whom It May Concern:

I am pleased to hereby confirm that the statement made public through my presentation during the NDIA International Infantry & Joint Services Small Arms Symposium that the integration of Metal Storm technology into all options of the secondary effects module (shotgun, programmable ammunitions of different calibres) has been formally included in the SIPES (Soldier Integrated Precision Effects System) Technology Demonstration Project plan. This is evidenced by the active participation by Metal Storm Inc. in the most recent SIPES Focus Group Review hosted in Canada, July 13-15."

The Company is very pleased that Metal Storm Technology will be playing such a critically important role in every option being considered for the replacement soldier combat weapon for the Canadian Defence Force.

A copy of the letter received by MSI from Defence Canada has been appended to this release.

Notes:

Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's OTC Symbol: MTSXY

About Metal Storm -- www.metalstorm.com

Safe Harbour
Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the company's technology, the ability of the company to meet its financial requirements, the ability of the company to protect its proprietary technology, potential limitations on the company's technology, the market for the company's products, government regulation in Australia and the US, changes in tax and other laws, changes in competition and the loss of key personnel. For additional information regarding these and other risks and uncertainties associated with the company's business, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission, including the company's Form 20-F.

Contact Information

  • Company Contact:

    Australia & USA
    Dr Lee Finniear
    Chief Executive Officer
    Metal Storm Limited
    Ph: +61 7 3147 8600

    Mr Peter Faulkner
    President
    Metal Storm Inc.
    Ph: +1 (703) 2488218