Fiberforge wins contract to develop composite components for U.S. Marine heavy lift helicopter

May 28 2008

GLENWOOD SPRINGS, CO—May 28, 2008 – Fiberforge Corporation announced today that it has been awarded the contract from DRS Technologies, Inc. (NYSE: DRS) for the design and development of the carbon fiber composite components of the Internal Cargo Handling System for the CH-53K Heavy Lift Helicopter. The CH-53K Helicopter is under development by Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp. (NYSE: UTX) for the U.S. Marine Corps. The CH-53K helicopter is a dual-piloted, multi-engine, vertical take-off and landing aircraft that will provide the Marine Corps with improved heavy lift capability, reduced operating costs and state of the art interoperability.

Fiberforge will work as a subcontractor to DRS C3S on the CH-53K Helicopter System Development and Demonstration Phase, which includes engineering, design and fabrication of the carbon fiber thermoplastic composite components of the cargo handling system. Fiberforge and DRS C3S will develop a variety of components, including floor panels, structural beams, pallet roller trays and tie-down elements. All parts developed by Fiberforge will be made of highly durable, lightweight carbon fiber reinforced thermoplastic composites and will utilize state-of-the-art joining methods for assembly and bonding.

“The CH-53K program represents a major advancement in the use of thermoplastic-based composites for the most challenging and demanding applications in the world,” says Jon Fox-Rubin, PhD, President and CEO of Fiberforge Corporation. “We are honored to be selected by DRS for this program.”

DRS Technologies, headquartered in Parsippany, New Jersey, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company employs approximately 10,000 people.

Sikorsky Aircraft Corp. is a world leader in helicopter design, manufacture and service. The company’s mission statement reflects its long commitment to safety and innovation: “We pioneer flight solutions that bring people home everywhere … every time™.” United Technologies Corp., Sikorsky’s parent company, provides a broad range of high technology products and support services to the aerospace and building systems industries.

Fiberforge is a technology company commercializing breakthrough manufacturing methods for the production of lightweight advanced thermoplastic composite parts at lower cost and in higher volumes. Fiberforge’s proprietary Relay Station—protected with multiple patents and trade secret—produces parts with high fiber alignment, high fiber fraction, and long fiber length at high speed with minimal scrap. Fiberforge’s technology and its tailored blanks are protected by US patents #6,607,626 and 6,939,423.

The projections and forward-looking statements in this release are based on best practice analysis and research from independent advisors to Fiberforge. The conclusions drawn, while the result of the best efforts of the staff of Fiberforge, are in no way a promise of delivery, and can, and will, be changed according to future input.

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