ShockRounds 'Electric' Less-Lethal Bullets Development Contract With US Defense Contractor
SANTA CLARA, CA - MDM Group, Inc. advises that as reported by Harrington Group to the Australian Stock Exchange yesterday, MDM Group has entered into a product development contract with a major US defense contractor that provides military products and professional services to the United States and allied governments, and their prime contractors. This company focuses on systems and subsystems that are integral to the success of long-term military platforms and also has a Business Unit that is one of largest suppliers of piezoelectric materials in North America.
This initial contract, commencing this month, and valued at $281,000 is scoped to select the piezoceramic structures and materials that will allow the optimization of the piezoelectric charge that is the basis of the mechanism that delivers the "electric" shock effect of the ShockRounds(TM) products.
During the course of the contract the ShockRounds(TM) team will be working towards completing the test program to verify the design principles. This work will also include the production and testing of a number of static and operational ShockRounds(TM) bullets. It is expected that by the time this contract is completed we will be able to progress to the pre-production phase.
The Harrington Group release to the Australian Stock Exchange is available at www.asx.com.au under releases for symbol "HGR":
About ShockRounds
The ShockRounds(TM) technology is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending development introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. The planned ShockRounds(TM) products have the potential to introduce to law enforcement and military, a new, more powerful, yet safer and less lethal level of stopping power combined with a product performance and versatility that is unmatched in today's market.
About ShockRounds
ShockRounds(TM) enabled ammunition will have the potential to provide more versatile, effective and safe 'hostile situation' solutions for law enforcement, military, border control, anti-terrorism and Homeland Security initiatives. When fired, ShockRounds(TM) enabled ammunition will generate extremely high voltage charges that have the capacity, depending on the bullet used, to result in behaviour modification or target incapacitation on impact. It is proposed to incorporate the ShockRounds(TM) technology in both less lethal rubber bullets as well as in traditional ammunition.
Given the global emphasis on law enforcement, security and terrorism prevention, the need for new and more effective less-lethal weapons could not be more acute. ShockRoundsTM technology will satisfy the demands of all these markets needs as it will introduce greater versatility, safety and options for the personnel that work in these sectors.
Further information at: www.shockrounds.com and www.mdmgroupinc.com.
MDM Group also features on www.Homelanddefensestocks.com a global investment research portal for defense and security.
For full details: http://www.investorideas.com/Companies/MDMGroup/NewsReleases.asp.
Source: MDM Group, Inc.