SOURCE: Metal Storm Limited

Metal Storm Limited

March 11, 2010 23:25 ET

Metal Storm Weapons Participate in UGV Live-Fire Scenario

BRISBANE, AUSTRALIA--(Marketwire - March 11, 2010) - Metal Storm Limited (ASX: MST) (PINKSHEETS: MTSXY).

Metal Storm has received video footage from the US Navy of Metal Storm weapon systems taking part in an unmanned systems-based live-fire demonstration. This footage is now being made available on the Metal Storm website.

China Lake, located on the edge of California's Mojave Desert, was chosen to provide a realistic environment for the demonstrations. With temperatures reaching 110 degrees Fahrenheit, its hot, dry, dusty environment is very similar to that encountered in Afghanistan, providing a harsh but realistic field-test for equipment.

Metal Storm demonstrated a FireStorm™ 40mm 4 barrel 24 shot remote weapons system mounted to an iRobot® 710 Warrior® unmanned ground vehicle for a crowd control and road clearing demonstration.

The trial culminated in Metal Storm's FireStorm™ producing a series of live fire volleys in semi-automatic fire modes. The less lethal frangible nose ammunition delivered both blunt force trauma and a simulated irritant accurately to each target.

On the video the viewer will see projectiles accurately hit the target producing a cloud of simulated irritant, while the plastic sabot that protects each frangible nose splits and falls away harmlessly as each projectile leaves the barrel.

Metal Storm Inc. (MSI) General Manager Peter D. Faulkner said that participating in the event was important as it allowed a broad, influential international military audience to see what the technology was capable of. "Public demonstrations of this type are important to us as they allow potential customers to see firsthand, the maturity and readiness of our products in an operationally relevant environment," said Faulkner.

Metal Storm Limited CEO Dr Lee Finniear lauded the iRobot team for the successful outcome.

"Our work with iRobot since 2007 has been very productive for Metal Storm as it has allowed us to demonstrate FireStorm as a complete system solution. The companies have worked well together over the last two years, and we are proud to have worked with them once again on this exciting project."

Video footage supplied by the US Naval Air Warfare Center Weapons Division can now be accessed from the Metal Storm website at http://www.metalstorm.com/release/MS_US_Navy_Mar_2010_Video.html

Notes:

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's OTC Symbol: MTSXY

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 utilises 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
    Dr Lee Finniear
    Chief Executive Officer
    Metal Storm Limited
    Ph: +61 7 3123 4700

    USA
    Mr Peter D. Faulkner
    General Manager
    Metal Storm Inc.
    Ph: 703-248-8218