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BlastGard International Awarded $828,750 Contract From Amtrak to Install Blast Mitigating Trash Receptacles on Amtrak's Platforms 2/15/2006 Amtrak Taps BlastGard, Producer of The World's First Trash Receptacle That Captures All Fragmentation, Dramatically Reduces Blast Pressures and Quenches Fireballs, to Protect its Passengers
CLEARWATER, Fla., Feb 15, 2006 (BUSINESS WIRE) --
BlastGard International, Inc. (OTCBB:BLGA), the creator of blast-mitigation products and services, was awarded an $828,750 contract for its BlastGard MTR blast-mitigated trash receptacles from the National Railroad Passenger Corporation (Amtrak). The contract calls for delivery of more than 200 trash receptacles. BlastGard Models MTR 91 and MTR 101 blast-mitigated trash receptacles effectively deal with all the lethal threats of an improvised explosive device (IED) -- primary and secondary fragmentation, blast shock and pressures, and all the thermal effects, including fireball, after-burn and post-blast fires.
"Amtrak provides intercity passenger rail service to more than 500 destinations in 46 states on a 22,000-mile route system. Following a series of bombings in Spain in 2003 and recently (the attacks) in London, the U.S. Department of Homeland Security has further heightened its security on public transportation systems, especially in and around major cities," said BlastGard CEO and Chairman Jim Gordon. "The installation of these blast-mitigating trash receptacles is yet another example of Amtrak's continual efforts to enhance the safety and security of the 25,000,000 people who travel on its rail service each year."
About Amtrak
Amtrak serves more than 500 stations in 46 states. In fiscal year 2004, Amtrak served more than 25 million passengers, an all-time record. Each day, approximately 68,000 passengers travel on Amtrak. On weekdays, Amtrak operates up to 300 trains per day, excluding commuter trains Amtrak operates under contract. Amtrak operates over more than 22,000 route miles. It owns 650 route miles, primarily between Boston and Washington, DC, and in Michigan. In other parts of the country, Amtrak trains use tracks owned by freight railroads. Amtrak trains operate every minute of the entire year.
About BlastGard International, Inc.
BlastGard International, Inc. creates, designs, develops, manufactures and markets proprietary blast mitigation materials. The Company's patent-pending BlastWrap(R) 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. While the need for this technology has always been present, the security and safety concerns resulting from the September 11, 2001 acts and the subsequent development of Homeland Security make the timing of the Company's emergence even more important. The Company's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. BlastWrap(R) is based upon well-defined principles and suppresses blast pressures by 50% or more. BlastWrap(R) products are made from two flexible films arranged one over the other and joined by a plurality of seams filled with attenuating filler material (volcanic glass bead or other suitable two-phase materials), configurable (designed for each application) with an extinguishing coating that offers a revolutionary blast protection system against Blast & Fire/burn threats. BlastWrap(R) is a blast mitigation assembly that can be wrapped around or conform to any shape. BlastWrap(R) is a concept (not a chemical compound) from which blast protection products are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at http://www.blastgardintl.com.
"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.
SOURCE: BlastGard International, Inc.
BlastGard International, Inc., Clearwater Michael J. Gordon, 727-592-9400 or Investor Relations Contact: Investor Relations Group Erik Lux, John Nesbett or Adam Holdsworth or Media Contact: Mike Graff, 212-825-3210 Copyright Business Wire 2006
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