Ceramic Protection Corporation Announces Substantial New Orders Totaling Over $75 Million



    Symbol: CEP
    Exchange: TSX

    SUNRISE, FL, Oct. 1 /CNW/ - Ceramic Protection Corporation ("CPC" or "the
Corporation"), a leading manufacturer and distributor of advanced ballistic
protective products, today announced that it has received a total of more than
USD $75 million in new orders during the past month.

    
    -   The US Marine Corps has awarded the Corporation's wholly-owned
        subsidiary Protective Products International a contract for more than
        USD $30 million for Modular Tactical Vests (MTVs), miscellaneous
        spare and repair parts and training. This contract is a sole source
        award. In addition to this contract, the Corporation has also
        received contracts for more than USD $9 million from the US Marine
        Corps for ballistic inserts for the MTV.

    -   The Department of Homeland Security (DHS) has placed orders for more
        than USD $2 million for protective vests with the Corporation. These
        new orders are part of the continuing DHS IDIQ order previously
        announced.

    -   The US Navy has placed multiple orders totaling over USD $25 million
        for MTV's and ESAPI (Enhanced Small Arms Protective Inserts) plates
        for delivery to multiple US Navy bases throughout the United States.
        In addition to these multiple orders, the Corporation has received an
        order from a prominent US government contractor for more than USD
        $6 million for MTVs and ESAPI plates to be delivered to US Navy
        installations.

    -   The Corporation has received nearly $3 Million in new orders for
        Outer Tactical Vests (OTV's) for delivery to various U.S. military
        installations. The US Army is currently wearing the OTV which was
        originally developed for the US Marines and subsequently adopted by
        the US Army and the US Air Force.
    

    Commenting on the announcement, Mr. Doug Stafford, Chief Operating
Officer, stated, "The nearly $10 million in ESAPI plate orders is especially
gratifying as we are now delivering from our Delaware facility a completely
integrated ballistic system, versus previous orders that included only the
ceramic component."
    Mr. Steve Giordanella, Chief Executive Officer, stated, "We are seeing an
unprecedented and growing demand for a wide variety of our life-saving
products as we continue to receive new orders from every market sector. These
new orders clearly demonstrate the U.S. Department of Defense's confidence in
our ability to deliver completely integrated, advanced body armor systems to
the armed forces of the United States. It also underscores the developing
success of our focused strategy to secure continuing opportunities for
growth."

    Business of the Corporation

    Ceramic Protection Corporation, headquartered in Sunrise, Florida, USA,
with an office in Newark, Delaware, USA, is a certified manufacturer and
distributor of advanced materials for use in the ballistic protection
marketplace. The Corporation manufactures a wide range of products used to
provide protection for personnel and vehicles, including a wide range of
ceramic armour products and multiple composite-based products. In conjunction
with its wholly owned subsidiary Ceramic Protection Corporation of America of
Newark, Delaware, the Corporation also manufactures a wide range of boron
carbide, silicon carbide and polyethylene products for use in personnel armour
systems. PPI of Sunrise, Florida, manufactures a growing range of soft armour
products for the law enforcement and military markets.

    Forward Looking Statements

    This release may contain forward looking statements including
expectations of future sales, cash flow, and earnings. These statements are
based on current expectations that involve a number of risks and uncertainties
that could cause actual results to differ from those anticipated. These risks
include, but are not limited to, uncertainties associated with the defense
industry, commodity prices, exchange rate fluctuations, and risks resulting
from potential delays, appeals or changes related to government orders in the
defense sector.
    The Corporation depends on reliable supplies of high quality source
materials used in the manufacture of armour products, including aramid fabrics
and polyethylene materials, and works actively with key suppliers to ensure
that requirements and demands for these materials are anticipated and properly
met. The foregoing is not exhaustive and other risks are detailed from time to
time in other disclosure filings of the Corporation. Should one or more of
these risks or uncertainties materialize, or should stated assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as anticipated, believed,
estimated or expected. The reader is also referred to other uncertainties and
risks discussed in detail in the MD&A section of the Corporation's December
31, 2006 Annual Report dated March 20, 2007 and also the Corporation's Annual
Information Form.
    In light of certain sensitive aspects in regard to customers and
products, the Corporation may choose not to disclose all information related
to the purchasers of its products, such as government agencies, countries or
other end-users. Armour products destined for export which are manufactured in
Canada must first be approved by the Canadian Department of Foreign Affairs
and International Trade. Products manufactured for export in the United States
must first be approved for export by the appropriate U.S. government agencies.
Other armour sales may be made to recognized domestic agencies such as the
military and those involved in local, provincial, or national law enforcement
and homeland security matters.

    Investor Relations

    Analyst and investor relations calls should be addressed to Ms. Grimie
Villarreal, Corporate Investor Relations, at (954) 846-8222. Interested
parties are also referred to the Corporation's website www.cerpro.com for
further information about the Corporation, its products and other recent
announcements.

    
     Mr. Steve Giordanella                  Mr. Larry Moeller
     Chief Executive Officer                Chairman
    

    %SEDAR: 00001737E




For further information:

For further information: Ms. Grimie Villarreal, Corporate Investor
Relations, at (954) 846-8222

Organization Profile

CERAMIC PROTECTION CORPORATION

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