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2004 PRESS RELEASES
DHB Industries Awarded Contract with City of Baltimore
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. ("Point Blank" - http://www.pointblankarmor.com), has been awarded a four year, renewable contract to provide soft body armor to the City of Baltimore, Maryland. This contract is part of a cooperative purchasing agreement that includes surrounding cities and counties and allows these participants to purchase armor from the same contract.
Sandra Hatfield, Chief Operating Officer of DHB Industries, commented, "In Point Blank's 30 year history, this is the first contract with the City of Baltimore and we welcome the opportunity to provide them with world class products and unsurpassed customer service. PBSI continues to build upon its dominant position in all markets, while positioning ourselves to capture increasingly significant shares of those markets. This is yet another testament to our commitment of maintaining and growing our position of leadership in the industry."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
DHB Industries Receives $100 Million Delivery Order
— Interceptor™ OTV Delivery Order Largest in History of Soft Body Armor —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. ("Point Blank" - http://www.pointblankarmor.com), has received the first delivery order against the U.S. Army's contract announced earlier today for Point Blank's Interceptor™ Outer Tactical Vest (OTV). The $100 Million delivery order, the largest in the Company's history, is believed to be the largest delivery order in the history of soft body armor. The Company was notified earlier today that Point Blank was the only successful offeror for this solicitation.
Sandra Hatfield, Chief Operating Officer of DHB Industries, commented, "Today is a historic day for our Company. This first delivery order, with a value of $100 Million, is unprecedented in both the Company's history and the history of the soft body armor industry. This delivery order sets the pace for the Company's phenomenal growth throughout 2005."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
U.S. Army Selects DHB Industries for Prestigious Contract
— Interceptor™ OTV Award Marks Significant Milestone For Point Blank Subsidiary —
— Contract Awarded Exclusively to Point Blank Body Armor —
— Company Backlog Soars - Now Exceeds Unprecedented Half-Billion Dollars —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. ("Point Blank" - http://www.pointblankarmor.com), has received notification of a much anticipated, high-profile, three-year contract awarded by the U.S. Army for Point Blank's Interceptor™ Outer Tactical Vest (OTV). The Company was also notified that Point Blank was the only successful offeror for this solicitation. With this announcement, the Company's total backlog of orders and contracts now exceeds an unprecedented half-billion dollars.
Commenting on the announcement, David Brooks, Chairman and CEO of DHB Industries, said, "This major military award is a significant milestone for the Company representing the catalyst that will propel and sustain us into the future as the clear, preeminent leader in the design, development and production of technologically superior life-saving body armor systems. The Company continues to build upon its dominant position while maintaining a commanding share of the military market. The future outlook for PBSI appears outstanding given the continuing war on terror and the increased need for homeland security. We are totally committed to maintaining our position of leadership and expect to continue to capture increasingly significant shares of the market."
Sandra Hatfield, Chief Operating Officer of DHB Industries, added, "This contract award is extremely humbling with the knowledge that the Department of Defense puts this much faith in our Company and its products. We have an enormous sense of pride that our products are protecting and saving the lives of our men and women serving in the armed forces. The Interceptor™ OTV award demonstrates the U.S. Department of Defense's confidence in Point Blank's ability to deliver life-saving body armor systems to the armed forces of the United States. Simply stated, this puts us in a league of our own as the world's premier provider of protective solutions surpassing our customers expectations."
U.S. Armed Forces worldwide are currently wearing Point Blank's Interceptor™ OTV. It was developed to exceed the rigorous standards set by the U.S. Marine Corps, and subsequently adopted by the U.S. Army and U.S. Air Force. Numerous soldiers serving in Iraq and Afghanistan have credited the Interceptor™ OTV with saving their lives. In a recently published news report, Major General Kevin C. Kiley at the Walter Reed Army Medical Center and Captain Michael J. Krentz, Deputy Commander of the National Naval Medical Center, said, "High-tech body armor and state-of-the-art battlefield medical procedures are keeping more seriously wounded soldiers alive than ever before."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
DHB Industries Appoints U.S. Army 4-Star General (Ret.) Larry R. Ellis to Board of Directors
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today the appointment of esteemed U.S. Army 4-Star General (Ret.) Larry R. Ellis to its Board of Directors.
"We are pleased to add General Larry Ellis to our Board of Directors," said David H. Brooks, Chief Executive Officer of DHB Industries, Inc."General Ellis is a highly accomplished executive with proven vision, judgement, and tremendous organizational, team-building, and interpersonal skills. His three and a half decades of success earned General Ellis a reputation as one of the Department of Defense's most forward thinking and insightful leaders. His legacy of success constitutes the hallmark of his lifetime service to the nation and directly parallels our Company's reputation for excellence. His dynamic background will be a tremendous asset to our Company's positioning and will enable him to make immediate strategic contributions. We are delighted that he has agreed to serve on our board effective immediately."
General Ellis was appointed to the grade of General Officer by the Commander in Chief in November 2001 and completed his distinguished military career as Commanding General, United States Army Forces Command, Atlanta Georgia, in May 2004 and retired in July 2004. During more than 35 years in uniform, General Ellis served in succession of command and staff positions worldwide. As a junior officer, he served in combat in the Republic of Vietnam, and subsequently with troop units in positions of increasing responsibility throughout the United States, Europe and the Republic of Korea.
While the Deputy Director for Strategic Planning and Policy at U.S. Pacific Command, and as the Assistant Chief of Staff for United States Forces Korea, General Ellis supervised the training and performance of military forces throughout the Far East. He commanded units at every echelon of the Army, including the First Armored Division in Germany and while deployed as the Multinational Division (North), in Bosnia and Herzegovina.
As the Army's Deputy Chief of Staff for Operations, General Ellis oversaw multi-year, multi-billion dollar programs supporting United States Army budget strategic objectives, and executed annual operating budgets of more than $15 billion. He directed the development of comprehensive strategic plans supporting the Army's continued success across the next three decades by resourcing plans through decisive application of deliberate management systems, strategic planning processes, environmental assessments, and periodic situational appraisals to ensure full integration and compliance with strictly defined performance objectives.
Soon after the United States went to war in 2001, General Ellis assumed command of U.S. Army Forces Command, the Army's largest major command. He aggressively orchestrated the training, mobilization and deployment of more than 500,000 soldiers and more than a million tons of equipment to locations worldwide. In addition to providing resources and supervising long-range planning to move Army forces, he maintained close operational control of ongoing events to ensure his subordinate units could respond to emerging trends and circumstances. The strategic communications plan he instigated to engage disparate and complex audiences to include academia, Congress, local public officials, industry, and members of the Department of Defense, ensured that his commands' operations were understood and supported.
General Ellis also spearheaded the Army's effort to translate the senior leadership's Strategic Vision into an executable Transformation Campaign Plan. Under his leadership, this Plan incrementally harnesses ongoing technological change and applies them to maximize current organizational efficiencies and design.
General Ellis holds degrees from Morgan State University (B.S.,1969) and Indiana University (M.S., 1975). His honors include the NAACP National Service Award, (1999); Honorary Doctor of Law, Morgan State University, (2000); Honorary Master of Strategic Studies, U.S. Army War college, (2001); Distinguished Alumni Service Award, Indiana University, (2003). His military awards include the Defense Distinguished Service Medal, the Army Distinguished Service Medal, the Combat Infantryman Badge, and the Bronze Star Medal.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
DHB Industries Receives $24.6 Million Order
WESTBURY, NY — DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its Armor Group has received a purchase and delivery order in the amount of $24.6 Million from the U.S. Mission Iraq. This brings the total new orders announced by the Company to $78.6 Million over the last thirty days. The Company previously announced $19 Million in new orders on October 29, 2004 and $35+ Million in new orders on October 5, 2004.
Sandra Hatfield, Chief Operating Officer of DHB Industries commented, "It is important to note that the orders received over the last thirty days are for non-Interceptor™ products. We are now beginning to realize growth from the planning and development of new products, targeted for new markets. U. S. Mission Iraq’s order represents a modified commercial product, and was specifically designed to meet their unique requirements. This is yet another example of PBSI s innovation, diversification of products, and manufacturing capabilities to accommodate new and emerging markets. Our growth has surged on the principles of listening and responding to our customers in order to provide a superb quality product on-time, every time. Building on this foundation will continue to drive PBSI s phenomenal growth."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
DHB Industries Announces $19 Million In New Orders
WESTBURY, NY — DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its Armor Group has recently received new purchase and delivery orders for a wide variety of its protective products in excess of $19 million from various branches of the United States Military, Federal Government and Domestic Law Enforcement Agencies. These new orders follow directly on the heels of $35+ Million in new orders announced by the Company on October 5, 2004.
Sandra Hatfield, Chief Operating Officer of DHB Industries commented, “We continue to provide exceptional products and service that exceed the requirements and expectations of our customers. These purchase and delivery orders substantiate the confidence and demand for PBSI Armor Group’s products and underscore our ability to provide unparalleled levels of service and support.”
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
DHB Industries Announces $35+ Million In New Orders
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its Armor Group has recently received new purchase and delivery orders for a wide variety of its protective products in excess of $35 million from various branches of the United States Military, Federal Government and Domestic Law Enforcement Agencies.
Sandra Hatfield, Chief Operating Officer of DHB Industries commented, “PBSI s Armor Group continues to experience a strong level of demand for a wide variety of its superior life-saving products. We are pleased and proud of our reputation for serving the needs and expectations of our customers. These new orders substantiate the confidence of our customers in PBSI Armor Group’s products and underscore our focused strategy and continuing opportunities for growth.”
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
July 14, 2004
DHB Industries Announces $37 Million In New Orders
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that the Company’s Armor Group has received approximately $37 million in new purchase and delivery orders since the beginning of July for a wide variety of products including Point Blank’s “Interceptor Outer Tactical Vest (OTV), the recently developed Dorsal Axillary Protection System (D.A.P.S.), concealable vests and plates, ballistic blankets and other accessories including orders for the Coalition Forces. A portion of the DoD orders call for delivery in early first quarter of 2005.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "As previously stated, we continue to receive new purchase orders at a staggering rate from all market sectors. As a result of our recent expansion, we are clearly poised to accommodate and fulfill the needs of our customers. The planning and positioning of our facilities in Florida and Tennessee have allowed us to strengthen our capability to manufacture quality products and provide solutions on a grander scale."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
June 8, 2004
DHB Industries Announces $239.4 Million Contract
— Award Is the Largest Contract For Armor Ever Issued In the History of Body Armor —
— Company's Backlog Swells To a Record $415 Million —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ) David Brooks, Chairman and CEO of DHB Industries, proudly announced today that the Company has been awarded a contract for its recently developed Dorsal Axillary Protection System (D.A.P.S.) from the U.S. Army Robert Morris Acquisition Center. The contract value is an astounding $239,400,000 covering three years.
“This order has an enormous impact on PBSI as it marks an entirely new segment of business and product line to complement our existing Interceptor Body Armor sold to the U. S. military and its industry leading soft armor systems sold to law enforcement and federal agencies. Moreover, the contract provides a substantial guaranteed base of business for the next three years and will allow for immediate higher utilization of our recently opened 104,000 sq. ft. Pompano Beach, Florida manufacturing facility,” stated David Brooks.
Sandra Hatfield, Chief Operating Officer of DHB Industries, commented, “We are proud of our rapid response to the needs of our customer in designing, developing and producing this latest addition to the Interceptor Outer Tactical Vest. This product is a testament to our industry-leading research and development efforts. We remain committed to fulfilling the needs of our customers, which has been the cornerstone of the success and growth of our Company.”
Combat actions in Operation Iraqi Freedom have revealed an increased threat from the extensive use of improvised explosive devices (IED’s) by terrorist insurgents. While Point Blank’s Interceptor Outer Tactical Vest provides unparalleled protection to the torso from the fragmentary effects of IED’s, its newly developed D.A.P.S. system provides additional protection by shielding the under arm, shoulder and upper arm areas not currently covered by Interceptor with the same level or protection. Point Blank Body Armor began development of D.A.P.S. to fully integrate with the Interceptor OTV System in early May 2004.
Point Blank believes this is the largest single contract for armor ever awarded in the history of the body armor industry. This brings the total new DOD contracts and purchase orders announced by DHB Industries over the past eight months to $381 million and increases the Company’s total current backlog to a record $415 million.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 29, 2004
DHB Industries Announces Record $215+ Million Backlog
— Company Announces $25 Million In New Orders Received Within the Past Week —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that the total backlog of firm orders in hand currently stands at a record $215+ million. During the past week, PBSI s Armor Group has received more than $25 million in new purchase and delivery orders. Today’s announcement brings the total new contracts and purchase orders announced by DHB Industries since November 2003 to $179 million.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "The demand for the Armor Group’s products continues at an unprecedented pace. We continue to receive new purchase orders from every market sector, reflecting the strength of PBSI 's technology, products and our ability to handle very large volumes. Our expansion efforts are clearly showing early dividends as we continue to provide exceptional life-saving products that exceed the requirements and expectations of our customers while providing unparalleled levels of service and support."
PBSI Armor Group expanded its operations last week to accommodate the surging growth in its Armor Group by opening a third facility in South Florida to increase capacity and improve efficiency. The new 104,000 square foot manufacturing plant will dramatically improve the Armor Group’s flexibility to fulfill its current backlog. The Armor Group maintains two additional Florida facilities in Oakland Park and Deerfield Beach, plus a facility in Jacksboro, Tennessee.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 21, 2004
Shareholder Derivative Lawsuit Against DHB Industries Discontinued
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today a second shareholder derivative action against PBSI and six of its officers and directors brought in October of 2002 has been discontinued with prejudice. On March 13, 2003, PBSI announced the dismissal of another shareholder derivative action against PBSI and six of its officers and directors brought by the Plumbers & Pipefitters Local 112 Pension Fund in October of 2002.
With the conclusion of this suit, there are no remaining shareholders or derivative lawsuits outstanding against PBSI .
Commenting on the end of the lawsuit, David H. Brooks, Chief Executive Officer of DHB Industries, Inc.stated, "We have contended from the beginning that these lawsuits were without merit and are pleased that we can now put this final lawsuit to rest. We will continue to focus on producing the best protective soft body armor in the world and maximizing shareholder value.”
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 20, 2004
DHB Industries Announces Resolution of All Disputes With UNITE Union
— All Litigation Between Both Parties Will Be Withdrawn Immediately —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), announced today that it has reached a settlement agreement between its Point Blank Body Armor, Inc. subsidiary and the UNITE Union following a lengthy labor dispute concerning the organization of Point Blank’s employees at its Oakland Park, Florida facility. All litigation between the parties will be withdrawn immediately.
The Company has recognized the Union based on a showing of union authorization cards, confirmed by a neutral third party, that a majority of employees at the Oakland Park facility have indicated their desire for union representation. As a result, a three-year collective bargaining agreement has been successfully negotiated and was ratified by the Point Blank Oakland Park employees on Monday, April 19, 2004.
Both parties are pleased with the settlement and look forward to a long and productive collective bargaining relationship.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 19, 2004
DHB Industries Opens New Manufacturing Facility
— 104,000 Sq. Ft. Pompano Beach, Florida Plant Now Fully Operational —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that it has opened its third Florida facility in Pompano Beach to accommodate the surging growth in its Armor Group.
Sandra Hatfield, Chief Operating Officer of DHB Industries stated, “We are pleased to report that our new 104,000 sq. ft. plant is now fully operational. The Pompano Beach facility will dramatically improve the Armor Group’s flexibility to fulfill its current backlog of $200+ million while maintaining focus on expanding our product lines and increasing capacity for future growth.”
The Armor Group maintains two additional Florida facilities in Oakland Park and Deerfield Beach.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 1, 2004
DHB Industries Announces $12 Million In New Orders
— Company Reports Current Backlog of Firm Orders Stands At a Record $203 Million —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that it has received more than $12 million in new purchase and delivery orders within the past week. More than fifty percent of the new orders were for products recently developed by PBSI Armor Group.
Total backlog of firm orders in hand currently stands at a record $203 million, a 54% increase as compared to total backlog of firm orders in hand of $132 million on March 1, 2004.
Today’s announcement brings the total new contracts and purchase orders announced by DHB Industries since November 2003 to $154 million. Last week, PBSI announced that its wholly-owned subsidiary, Point Blank Body Armor, Inc. ("Point Blank" http://www.pointblankarmor.com), had been awarded a $77 million contract from the United States Military for its “Interceptor” Outer Tactical Vest (OTV). Point Blank believes this is the largest single contract for body armor ever awarded by the U.S. Department of Defense. Point Blank is currently the major supplier of outer tactical vests to the United States Armed Forces.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "The momentum of new purchase orders coming into PBSI is continuing at a record pace from all market sectors. We believe this is a result of both strong worldwide demand for protective body armor coupled with PBSI s proven ability to fulfill this demand with the industry’s leading products and unparalleled customer service and support."
PBSI Armor Group is expanding its operations by opening a third facility in South Florida to increase capacity and improve efficiency. The new 104,000 square foot manufacturing plant is scheduled to open in April 2004.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
March 24, 2004
DHB Industries Awarded $77 Million DOD Contract
— Award is the Largest Contract for Body Armor Ever Issued By the Department of Defense —
— PBSI Has Now Announced $142 Million of New DOD Orders and Awards Since November 2003 —
WESTBURY, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. (“Point Blank” http://www.pointblankarmor.com), has been awarded a $77 million contract for body armor for the United States Military. Point Blank believes this is the largest single contract for body armor ever awarded by the U.S. Department of Defense.
The Company received the $77 million award for Point Blank’s “Interceptor” Outer Tactical Vest (OTV). Point Blank is currently the major supplier of outer tactical vests to the United States armed forces.
This brings the total new DOD contracts and purchase orders announced by DHB Industries over the past four months to $142 million. In November 2003, the Company announced that Point Blank had received a $60 million purchase order from the Department of Defense for Interceptor, which at the time was believed to be the largest single order for body armor ever issued by the U.S. Department of Defense.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "This contract award demonstrates the U.S. Department of Defense’s continued confidence in Point Blank’s ability to deliver life-saving body armor systems to the armed forces of the United States. We will continue to provide exceptional products that exceed the requirements and expectations of the United States Military while also providing unmatched service and support."
PBSI Armor Group is expanding its operations by opening a third facility in South Florida to increase capacity and improve efficiency. The new 104,000 square foot manufacturing plant is scheduled to open in April 2004.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. PBSI Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
PBSI Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health. PBSI maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries, Inc., visit the website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
For press releases from 2000-2003 please visit the Press Release Archive.
Point Blank Solutions, Inc.
2102 SW 2nd Street, Pompano Beach, FL 33069
Nationwide: 1-800-413-5155 • Tel: 954-630-0900 • Fax: 954-630-9225
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