SOURCE: Metal Storm Limited

May 19, 2008 22:46 ET

Metal Storm Conducts Electromagnetic Interference Tests on Its 40mm Munitions

BRISBANE, AUSTRALIA--(Marketwire - May 19, 2008) - Defence technology company Metal Storm Limited (ASX: MST) (NASDAQ: MTSX) is pleased to announce that is has conducted successful Electromagnetic Interference (EMI) Testing on its 40mm ammunition tail propulsion system.

The tests conducted at a National Association of Testing Authorities (NATA) accredited facility in Melbourne were the most rigorous yet undertaken on a key piece of Metal Storm technology and revealed the selected energetic was well configured to pass more stringent EMI tests in the next 12 months.

Metal Storm CEO Dr Lee Finniear said the tests showed no significant flaws in the Metal Storm tail technology, giving the company a high degree of confidence in progressing the testing to a full military specification test regime without significant risk of failure.

"These tests have given us peace of mind about our ability to ultimately certify a unique inductive firing capability and they support the progression of Metal Storm technology to certification and, ultimately, commercialisation," Dr Finniear said.

"The exercise has provided a great deal of technical data about the immunity of the tail propulsion system in an adverse EMI environment. Our ultimate goal is for the Metal Storm tail system to be certified according to current military standards for anticipated operational use."

Metal Storm has fired a wide range of explosive munition payloads from its 40mm weapon systems, which operate at the same muzzle velocity and effective range as other conventional 40mm munitions.

Its munition range includes high explosive, air burst, enhanced blast and less lethal rounds and it has future plans to expand its current range of low velocity munitions into medium velocity and high velocity munitions to extend their range, lethality and capability.

Dr Finniear said EMI compliance was a first order priority in terms of getting Metal Storm technology certified for use within its intended operational environment.

The actual test process was closely aligned with relevant military standards and is a step towards formal military EMI certification for munitions. Furthermore, the chosen EMC (Electromagnetic Compatibility) test facility has the highest commercial EMI capability in Australia.

Dr Finniear said the expected risk associated with the Metal Storm technology within an EMI environment had been significantly reduced as a result of the testing activity and the next round of tests would be conducted at an offshore facility.

Notes:
Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About ST Kinetics

ST Kinetics is the land systems arm of Singapore Technologies Engineering. It provides integrated systems, specialty vehicles and their related services for defence, government and commercial applications. This includes design and development, systems integration, production, operations & support and life cycle management. Through its subsidiary, Advanced Material Engineering Pte Ltd, ST Kinetics also designs and manufactures a comprehensive suite of 40mm munition solutions, conventional and smart munitions, advanced protective materials as well as guided system components. It also provides consultancy, design and engineering services for homeland security solutions.

About Metal Storm

Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia. Metal Storm Limited technology and products are represented in the USA by Metal Storm Inc., which has offices in Arlington Virginia.

Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

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 3123 4700