Robert R. Schiller, President and Chief Operating Officer of Armor Holdings, commented, "We are very excited to acquire core technology for our markets and to gain control over a versatile, low-cost, high-performance ballistic material.”
“This acquisition underscores the importance of our long term research and development commitment and resulted directly from our efforts to centralize our R&D function under a Chief Technology Officer.”
“While ITS is still in its development stages, we expect it to meaningfully expand our product offering by providing us control over a core ballistic technology with unique properties. We also expect to significantly expand our Tensylon capacity and to utilize this material as a complementary solution with other ballistic materials we currently procure though key suppliers."
Dr. Tony Russell, Chief Technology Officer of Armor Holdings, commented, "Tensylon has the capability to be a significant new material in the survivability industry. The Tensylon manufacturing process is much cleaner than the manufacture of other ballistic fibers, and Tensylon's low-cost nature could provide Armor Holdings with an important competitive advantage in producing new, advanced, light-weight vehicle armoring solutions.
“Similar advantages could also be realized in the future development of soldier equipage solutions."
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