American Defense Systems, Inc. (NYSE Amex: EAG), a provider of protective armor solutions, fire suppression systems, architectural hardening concepts and interactive tactical training systems, announced today that it will relocate its corporate headquarters and operations from Hicksville, NY to Lillington, NC effective July 5, 2011.
The company's new address will be 420 McKinney Pkwy, Lillington, NC 27546. ADSI anticipates that this relocation in addition to further staff and salary reductions will save the company approximately $1.5 million annually.
ADSI CEO Anthony Piscitelli states, "We have been proud to be one of the few remaining government defense contractors based on Long Island, however, it makes prudent financial sense for us to relocate our business to a significantly lower cost center in North Carolina. Our lower cost basis, particularly regarding logistics, will allow us to be that much more competitive in our bid processes and should translate to more contract wins."
About American Defense Systems, Inc. American Defense Systems, Inc. (ADSI) (NYSE Amex: EAG) offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. ADSI engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. For more information about American Defense Systems, go to www.adsi-armor.com.
American Defense Systems, Inc. 420 McKinney Pkwy Lillington, NC 27546 Contact: Gary Sidorsky (516) 398-3664 Email Contact