Brisbane, May 10, 2006 AEST (ABN Newswire) - Metal Storm (ASX: MST)(NASDAQ: MTSX) advises that the US Marine Corps (USMC) Systems Command, on behalf of the USMC Warfighting Laboratory has placed a notice on the US Federal Business Opportunities website, that it intends to award a Sole Source research and development Contract to Metal Storm for the design and fabrication of a stacked round firing system for FIN Stabilized High Explosive Ammunition.
The USMC is required to place such a notice where it intends to solicit and negotiate with only one source before confirming a contract award. The amount currently set aside for this contract is approximately US$331,000, subject to negotiation.
Metal Storm expects to be advised of the outcome of this process, and whether USMC will proceed to the negotiating and awarding of the proposed contract, by mid-June 2006.
Metal Storm will advise the ASX and NASDAQ markets once it has been notified by the USMC of a confirmed contract award.
Contact
Ian Gillespie
Chief Operating Officer
Metal Storm Limited
TEL: +61 (0) 7 3221 9733
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