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JRW · Wed, 07-04-2007, 02:14 PM

cont

On June 18, the Company commenced test firing of the 3GL three shot grenade launcher and successfully completed all tests required to meet the performance milestones defined in the Trust Deed. The Independent Expert, Mr Mike Hannan, was present for these tests.

Mr Hannan is a former Brigadier General in the Australian Defence Force (ADF). He commanded the UN Peace Keeping operations in the Middle East during the Gulf War and has on-the-ground experience in Iraq, Afghanistan, East Timor and the Solomon Islands. He was Chief Instructor of the Weapons Wing of the Army Infantry Centre, Commanding Officer of the Army Battle School, and was responsible for the introduction of the Milan missile system to the ADF. On entering civilian life Mr Hannan became CEO of a manufacturer of ceramic and soft armour for military contracts. In this role he gained extensive experience in the technical measurement of ballistic performance. This included the management of NATA approved ballistic testing facilities for both certification and research and development.

Of the successes so far in Singapore, Dr Lee Finniear, CEO, states that "this step is not only the achievement of a Milestone for the Trust Deed, but represents a truly monumental Milestone for the Company. Metal Storm has proven, without doubt and fully confirmed by an independent expert, that its low velocity 40mm weapons systems are real and perform well, including the initial integration of munitions, barrels, software, fire control and targeting systems. Further, the comment by the independent expert that 'there are no apparent obstacles to them achieving full production standard' provides further evidence that we are on the right track toward the commercial delivery of Metal Storm weapons and munitions."

On the results of Metal Storm's recent test firing Mr Suresh Withana, Managing Director of Harmony Capital Partners, stated, "Harmony is very pleased with the positive results of the test firings in Singapore. We look forward to working with Metal Storm to position the Company for the commercialization of its products."

The Metal Storm engineering team, lead by Dr Joe Cronin, is continuing its test firing program in Singapore to meet a variety of other objectives, including gathering detailed ballistic data & high speed video, assessing terminal effects and stress testing integrated systems for reliability analysis and further refinement.

The Company looks forward to providing further information on the test firings to the market as data and imagery is gathered and approved for release.

Completion of this milestone confirms the Company is now able to progress its plan of development into the future. That plan was the subject of the reports of the Chairman and of the CEO and MD at the Company's recent AGM. Those reports were announced to the market on May 25, 2007 and can be viewed on Metal Storm's website.

Notes:
Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's NASDAQ Small Cap ticker symbol: MTSX
About Metal Storm
Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia.

Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

About Electro Optic Systems Limited

EOS is a public company, specialising in the design, development and production of sophisticated laser technologies, including supporting software and electronic sub-systems. EOS' advanced technologies are applied to a variety of sighting and surveillance applications in the aerospace and defence markets.

The combat-proven EOS sensor and fire control systems are currently deployed in the US Army CROWS (Common Remotely Operated Weapons System) program which has been successfully fielded since 2003, and is used in operations in Iraq. The EOS integrated surveillance and fire control technology employs state-of-the-art multi-spectral sensors and fire control software for direct-fire ballistic weapons.

About ST Kinetics

ST Kinetics is the land systems arm of Singapore Technologies Engineering. It provides integrated systems, specialty vehicles and their related services for defence, government and commercial applications. This includes design and development, systems integration, production, operations & support and life cycle management. Through its subsidiary, Advanced Material Engineering Pte Ltd, ST Kinetics also designs and manufactures a comprehensive suite of 40 mm munition solutions, conventional and smart munitions, advanced protective materials as well as guided system components. It also provides consultancy, design and engineering services for homeland security solutions.

Wed, 07-04-2007, 02:14 PM	#7 (permalink)
JRW Member Join Date: Nov 2005 Posts: 30	cont On June 18, the Company commenced test firing of the 3GL three shot grenade launcher and successfully completed all tests required to meet the performance milestones defined in the Trust Deed. The Independent Expert, Mr Mike Hannan, was present for these tests. Mr Hannan is a former Brigadier General in the Australian Defence Force (ADF). He commanded the UN Peace Keeping operations in the Middle East during the Gulf War and has on-the-ground experience in Iraq, Afghanistan, East Timor and the Solomon Islands. He was Chief Instructor of the Weapons Wing of the Army Infantry Centre, Commanding Officer of the Army Battle School, and was responsible for the introduction of the Milan missile system to the ADF. On entering civilian life Mr Hannan became CEO of a manufacturer of ceramic and soft armour for military contracts. In this role he gained extensive experience in the technical measurement of ballistic performance. This included the management of NATA approved ballistic testing facilities for both certification and research and development. Of the successes so far in Singapore, Dr Lee Finniear, CEO, states that "this step is not only the achievement of a Milestone for the Trust Deed, but represents a truly monumental Milestone for the Company. Metal Storm has proven, without doubt and fully confirmed by an independent expert, that its low velocity 40mm weapons systems are real and perform well, including the initial integration of munitions, barrels, software, fire control and targeting systems. Further, the comment by the independent expert that 'there are no apparent obstacles to them achieving full production standard' provides further evidence that we are on the right track toward the commercial delivery of Metal Storm weapons and munitions." On the results of Metal Storm's recent test firing Mr Suresh Withana, Managing Director of Harmony Capital Partners, stated, "Harmony is very pleased with the positive results of the test firings in Singapore. We look forward to working with Metal Storm to position the Company for the commercialization of its products." The Metal Storm engineering team, lead by Dr Joe Cronin, is continuing its test firing program in Singapore to meet a variety of other objectives, including gathering detailed ballistic data & high speed video, assessing terminal effects and stress testing integrated systems for reliability analysis and further refinement. The Company looks forward to providing further information on the test firings to the market as data and imagery is gathered and approved for release. Completion of this milestone confirms the Company is now able to progress its plan of development into the future. That plan was the subject of the reports of the Chairman and of the CEO and MD at the Company's recent AGM. Those reports were announced to the market on May 25, 2007 and can be viewed on Metal Storm's website. Notes: Metal Storm's Australian Stock Exchange trading code: MST Metal Storm's NASDAQ Small Cap ticker symbol: MTSX About Metal Storm Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia, with an office in Arlington, Virginia. Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system. Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation. About Electro Optic Systems Limited EOS is a public company, specialising in the design, development and production of sophisticated laser technologies, including supporting software and electronic sub-systems. EOS' advanced technologies are applied to a variety of sighting and surveillance applications in the aerospace and defence markets. The combat-proven EOS sensor and fire control systems are currently deployed in the US Army CROWS (Common Remotely Operated Weapons System) program which has been successfully fielded since 2003, and is used in operations in Iraq. The EOS integrated surveillance and fire control technology employs state-of-the-art multi-spectral sensors and fire control software for direct-fire ballistic weapons. About ST Kinetics ST Kinetics is the land systems arm of Singapore Technologies Engineering. It provides integrated systems, specialty vehicles and their related services for defence, government and commercial applications. This includes design and development, systems integration, production, operations & support and life cycle management. Through its subsidiary, Advanced Material Engineering Pte Ltd, ST Kinetics also designs and manufactures a comprehensive suite of 40 mm munition solutions, conventional and smart munitions, advanced protective materials as well as guided system components. It also provides consultancy, design and engineering services for homeland security solutions.