Point Blank Solutions Inc, a leader in the field of protective body armor, announced that it has received correspondence from the U.S. Army Research, Development and Engineering Command Acquisition Center notifying the Company that its proposals to supply certain protective materials have been eliminated from further consideration for award under the Army's Solicitation W91CRB-07-R-0079 (the “Solicitation”).
In addition the Company announced that it has filed a protest of the Army's decision with the United States Government Accountability Office (“GAO”). The Company remains in competition for award of a small portion of the contract for which proposals were sought by the Solicitation.
In letters received on August 28th and 29th, 2008, the Army notified the Company that certain Preliminary Design Models were deemed “unacceptable.” The Company vigorously disputes the Army's decision, and has submitted a protest asserting that the decision is unreasonable and inconsistent with the stated evaluation criteria. The Company intends to pursue all available legal remedies to challenge the Army's decision but cannot predict the outcome of its protest or of the ultimate contract awards.
The Company is not aware that any decisions on contract awards in response to the Solicitation have been made as of the date of the protest. The Company remains committed to providing the worlds best protection to soldiers and notes that the Army has options to provide the Improved Outer Tactical Vests (“IOTVs”) and related solutions to our soldiers. Thus, the Government's ability to provide this equipment to deploying soldiers will not be compromised.
Point Blank Solutions Inc