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[August 2008]
Ceramic Protection Corp Completes ‘Domestication’
Ceramic Protection Corporation (Sunrise, FL, USA) has completed the domestication process and is now incorporated in the State of Delaware. The domestication was completed by way of a Plan of Arrangement, pursuant to which the Corporation discontinued from the jurisdiction of Alberta, Canada into Delaware under its new name, Protective Products of America Inc. The Arrangement was approved by a shareholder vote at a special meeting on 28 July 2008."We are very pleased to be a U.S. company and believe this new status enhances our opportunities for new and ongoing business with the U.S. military, federal agencies and law enforcement," said Steve Giordanella, CEO.
"While Ceramic Protection Corporation has a history of excellence to be proud of, Protective Products of America truly represents the next step in our business evolution. As a U.S. company, we are more closely aligned with our customers and markets," Mr Giordanella added.
Protective Products of America will continue to be traded on the Toronto Stock Exchange, transitioning from the symbol "CEP" to the new symbol "PPA."
The Corporation is headquartered in Sunrise, Florida, with facilities in Newark, Delaware and Granite Falls, North Carolina. Together with its subsidiaries, it is engaged in the design, manufacture and marketing of advanced products used to provide ballistic protection for personnel and vehicles in the military and law enforcement markets. The Corporation's product portfolio includes lightweight ceramic armour for vehicles and military personnel, composite based products and concealable soft body armour products for law enforcement and the Modular Tactical Vest (MTV) ballistic system for military personnel.
www.cerpro.com
ENDS