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NEWS RELEASE TRANSMITTED BY Marketwire FOR: Pacific Safety Products Inc.TSX VENTURE SYMBOL: PSP PSP and QinetiQ North America to Bring New Sniper-Sensing Technology to Canadian Military and Law Enforcement APR 1, 2008 - 06:00 ETKELOWNA, BRITISH COLUMBIA--(Marketwire - April 1, 2008) - Pacific Safety Products Inc. (PSP) (TSX VENTURE:PSP), a leader in the field of protective body armor and soldier systems equipment and QinetiQ North America, a global developer of innovative technology solutions for National Defense announced today that they have entered into an exclusive agreement for the Canadian territory to market QinetiQ North America's line of gunshot localization systems, known as Ears. The systems will provide a groundbreaking sniper detection capability to Canadian military and law enforcement personnel, who face growing threats from snipers and combatants both domestic and abroad, but must operate under strict rules of engagement for returning fire. The Ears systems currently deployed with U.S. forces in Afghanistan and Iraq are the smallest and lightest sniper detection systems in the world. Weighing only 12 ounces and with a battery life of 13 hours, the man-mounted Ears sensor is able to detect and provide the direction and range to a sniper within 400 milliseconds. Ears is also available in a vehicle-mount version, which can be installed in less than 10 minutes. PSP has teamed exclusively with QinetiQ North America, the architect of Ears technology and other novel technology solutions, to integrate this technology into PSP armor and soldier system products. "We continue to develop and deliver the most advanced soldier equipment in the world," stated David Scott, CEO of Pacific Safety Products Inc. "Threats against our military and law enforcement officers are evolving and these exclusive agreements provide us with product lines that meet those threats and should open up new channels for growth as part of our strategy to incorporate unique technologies into soldier equipment." "Ears is proven to help protect military and law enforcement by pinpointing the source of sniper fire," said Don Steinman, director of transition programs for QinetiQ North America. "We're pleased to team with Pacific Safety Products to bring Ears to Canadian forces and law enforcement personnel." PSP will be displaying its body armor, helmet systems and electronic products along with the Ears systems at the 2008 CANSEC Exhibition, April 9-10 at the Ottawa Convention Center in Ontario, Canada. Attendees are invited to visit Pacific Safety Products booth #806 to view solutions and speak with company executives. About the EarsTM Sniper Detection System QinetiQ North America developed the Ears miniature sniper detection system to allow military personnel to immediately and accurately respond to hostile fire. The Ears low-profile acoustic sensor, coupled with operator interfaces for individual warfighters, vehicles and fixed locations, audibly cues U.S. forces with direction and distance in just a fraction of a second from the first gunshot, without being confused by surrounding sounds. The palm-sized, 6.4-ounce sensor needs only one gunshot to accurately locate snipers in a 360-degree view, even when in use on a vehicle moving at speeds over 50 mph. To learn more about Ears, please visit www.QinetiQ-NA.com/ears. About PSP The mission statement of Pacific Safety Products Inc. is ...we bring everyday heroes home safelyTM. PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products for the defence and security market. These products include body armor to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects, and protective products against chemical and biological hazards. PSP is the largest armor manufacturer in Canada, directly supplying the Canadian Department of Defence, Federal Government Agencies and major Canadian law enforcement organizations. The Company also provides specialized law enforcement and safety products through APS Distributors, a wholly-owned subsidiary that services law enforcement and public safety agencies across the country. The Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body armor products to U.S. based law enforcement and private security firms. The Company also produces tactical clothing and emergency medical kits. Pacific Safety Products is a reporting issuer in British Columbia, Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX Venture Exchange. Forward-Looking Statements: This release may contain forward-looking statements based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "projects", "indicates", and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents which may be filed with the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission, the TSX Venture Exchange, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw material, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales in some products. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Pacific Safety Products Inc. David Scott Chief Executive Officer (250) 491-0911 or Pacific Safety Products Inc. Mr. Danny Crossman VP Defence Division (613) 698-8752 or Pacific Safety Products Inc. Mr. Jacques Bonaventure Vice President Corporate Development (613) 623 6001 ext. 226 Website: www.pacsafety.com |
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