CLEARWATER, Fla., May 31, 2011 (GLOBE NEWSWIRE) -- BlastGard International, Inc. (OTCBB:BLGA) is further advancing its product line as a fully commercialized company by acquiring four developed product lines from Acer Defense ("Acer"). Acer was formed to develop lightweight armor systems for use in safer solutions which include: an explosive storage unit that meets the US Military requirement for Limited Arc Magazines; a novel lightweight armor that outperforms Kevlar but can be made for a fraction of the cost of Kevlar and similar products depending on choice of materials; a lightweight thermal barrier that can withstand a 1500 F direct flame for 6 hours; and a modular, flat packed, light weight and high performance wall that can be delivered by helicopter into a operational theater and erected by a four man team in a few hours. All 4 products were designed with BlastWrap in mind for blast mitigation applications.
Mitch Silverman, President of Acer Defense, said, "This acquisition affords BlastGard a unique and attractive opportunity to deliver innovative technology and valuable products to its military and international customers. During this time of increased danger from terrorism, BlastGard's anti-terrorism technology will directly protect against improvised explosive devices (IED's), will secure military ordinance from sympathetic detonation and play a vital near-future role in the protection of government, commercial and residential property."
Michael Gordon, BlastGard CEO, said, "These developed products will certainly accelerate our efforts to advance our commercialization and provides us with a meaningful product line for military sales, which we anticipate will provide immediate benefits to our military sector initiatives."
About BlastGard International, Inc.
BlastGard International, Inc., doing business as BlastGard Defense Group, manufactures and markets proprietary blast mitigation materials through BlastGard International and designs, manufactures and distributes a unique range of leading security products and personal protective gear through HighCom Security. The Company's patent-pending BlastWrap® technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new, finished products or be used to retrofit to existing products. BlastGard's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. HighCom provides a wide range of security products and personal protective gear (including tactical armor) that are tailored and offer protection solutions to specific customer requirements. Given the equipment and ballistic protection solutions provided by HighCom, compliance with the U.S. Department of Commerce, U.S. Department of State, U.S. Department of the Treasury and all other governmental agencies' regulations is a high priority. HighCom has sold its products in the defense and law enforcement sectors and is known for innovative technology, exceptional customer service and superior quality performance. Additional information on BlastGard Defense Group's companies can be found at ; ; and .
"Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: the Company's ability to market its products; the Company's ability to obtain additional funding; the Company's ability to obtain regulatory approvals on new products, the general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The Company takes no obligation to update or correct forward-looking statements.
CONTACT: BlastGard International, Inc. Michael J. Gordon (727) 592-9400
