Armor Holdings, Inc. Acquires Leading Forensics Optical Equipment Company
Jacksonville, FL -- Armor Holdings, Inc. (NYSE: AH), a leading manufacturer and distributor of security products and vehicle armor systems serving military, law-enforcement, homeland security and commercial markets, announced today the acquisition of 100% of the stock of Swiss-Photonics AG. Swiss-Photonics, through its trade name, Projectina, manufactures, markets and distributes highly specialized document examination equipment used in verifying document authenticity and detecting counterfeit currency and crime lab microscopes used to evaluate ballistics and bullet casings. Projectina also develops optical subsystems for leading electronic original equipment manufacturers. Based in Heerbrugg, Switzerland and founded in 1946, Projectina successfully serves the forensics, homeland security and crime scene markets, predominantly in Europe and Asia. Projectina generated revenue of approximately $9.2 million in 2005.
Robert R. Schiller, President of Armor Holdings, said, "Projectina has an outstanding reputation and strong distribution in the international forensics and crime scene markets. As a strategic tuck in to our law enforcement forensics business, we expect to increase Projectina’s U.S. market penetration, as well as to expand our distribution in Europe and Asia.”
About Armor Holdings, Inc.
Armor Holdings, Inc. (NYSE:AH) is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets. Additional information can be found at www.armorholdings.com.
Certain matters discussed in this press release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including the Company’s Registration Statement on Form S-3, its 2005 Form 10-K and amendments thereto and most recently filed Forms 8-K and 10-Q.