EXTON, PENNSYLVANIA, April 4, 2009 - Defense Solutions, Inc., an international project management firm and a wholly owned subsidiary of Defense Solutions Holding, Inc. (OTCBB: DFSH), reported today that it has joined the team producing a NATO-compatible armored personnel carrier, the BTR-4, for the world military and police markets. According to Defense Solutions’ Chief Executive, Colonel Tim Ringgold, US Army (Retired), Defense Solutions will supply and integrate export approved American technologies to make this new production armored combat vehicle NATO-compatible. The BTR-4 will be manufactured in Ukraine and assembled in Macedonia. Ringgold stated that Defense Solutions has joined the team because the BTR 4 offers the best ratio of price and performance on the market today and, because both Ukraine and Macedonia are important US allies in the Global War on Terror, that have provided soldiers to fight alongside US forces in Iraq.
Defense Solutions will offer American technologies for integration into the BTR-4, so that our Allies can “communicate, operate, train and exercise with, and be supported by NATO forces in world-wide contingency operations.” Ringgold said. To accomplish this goal, Defense Solutions can supply and integrate American engines, transmissions, communications, fire control upgrades, and possibly weapons and weapons platforms into the BTR-4. “All of this is dependent on specific US Department of State approval,” Ringgold added.
The new BTR-4 was unveiled at the International Defense Exhibition held in the United Arab Emirates in February 2009. It attracted interest from Iraqi officials and officials from other countries. After Defense Solutions fully integrates American technologies, the BTR-4 will be the lowest life cycle cost vehicle in its class and an excellent candidate vehicle for new NATO members and for UN peacekeeping operations. Ringgold estimated the worldwide market for the NATO compatible BTR-4 at 2500 to 4000 units over the next ten years with an average acquisition cost of $1.5 to $2.0 million each, depending on the configuration.
The layout of the new BTR-4 represents a dramatic change compared to the older BTR family of vehicles. The BTR-4 has a conventional layout with the driver and commander at the front of the vehicle, the engine and transmission in the middle, and the troop compartment at the rear. It carries nine fully equipped soldiers in addition to the two-man crew. Soldiers enter and exit the vehicle either through the rear doors or the roof hatches.
The BTR-4 can be armed with a 30mm cannon, a 7.62mm coaxial machine-gun, anti-tank missiles, and an automatic grenade launcher. It can also be fitted with different turret weapons modules. The BTR-4 has a maximum road speed of 68 miles/hour and can cross water obstacles at speeds of 8-10 km/h.
Due to its modular design, the BTR-4 is the base model for a whole family of fighting vehicles with excellent ballistic and anti-mine protection. In the standard configuration, the vehicle weighs 17 tons. The enhanced configuration vehicle weight can reach 27 tons with add on frontal armor that defeats 30 mm rounds,.
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA with branch and satellite offices on four continents. Established in 2001, Defense Solutions’ founding corporate philosophy is to deliver the world's best solutions for our service members who deserve the best equipment, technology, and training, in performing their jobs with minimal risk to their lives and well being.
Defense Solutions has consulted with and worked for US Federal and State departments and agencies to include, the White House, US Department of Defense, US Department of the Army, US Department of State, US Department of Homeland Security, US Department of Interior, and the Pennsylvania General Assembly to devise and implement strategies supporting armed forces and civilian programs. Many of these programs directly support US and allied soldiers in combat and veterans in retirement.
In direct support of US-led coalition efforts in Iraq, Defense Solutions has worked for international allied organizations including the Iraqi Ministry of Defense, the North Atlantic Treaty Organization (NATO), and the Multi-National Force in Iraq.
Defense Solutions’ European office maintains exclusive agreements with the Hungarian Ministry of Defense and Ukrainian Ministry of Defense to deliver several world-class technologies and capabilities to US and allied nations. Defense Solutions’ principal offerings include new production and retrofit of armored and combat vehicles, spare parts, and ammunition, supported by end-to-end integrated logistics, training, and maintenance solutions. For more information visit http://www.ds-pa.com.
Forward-Looking Statements:
Certain matters discussed in this release may constitute “forward-looking statements.” Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Defense Solutions’ ability to control or predict, including, but not limited to, risks and uncertainties outlined in reports filed by Defense Solutions with the Securities and Exchange Commission.
The statements made herein are made as of the date of this release, and Defense Solutions undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and Defense Solutions undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Defense Solutions
707 Eagleview Blvd, Suite 100
Exton , PA 19341-1159
+1.610.833.6000
