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Second Chance Applauds Settlement Agreement

Second Chance Body Armor applauds Toyobo’s preliminary settlement agreement in a class-action lawsuit over defective Zylon fiber. The company sees this as a long overdue concession by Toyobo that it bears responsibility for Zylon ballistic vests shown to be prone to early degradation.

This agreement is good news because

• It reinforces the correctness of Second Chance becoming the first company to issue a safety notice and remedial program for vests made with Zylon and the first company to recommend replacement of vests made partially with Zylon.
• It reinforces the company’s belief that Zylon is not a dependable material for use in the construction of soft body armor.
• It means law enforcement agencies will be able to follow the Second Chance recommendation and replace vests made with Zylon.
• It underscores Second Chance as the industry leader with products that have saved the lives of nearly 1,000 officers on active duty.
• It has a positive impact on the process of selling the company at auction on July 26, 2005 and its continued leadership as the nation’s largest manufacturer of modern, wearable, concealable body armor.

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