BlastGard International, Inc. Enters Into Agreement with Luna Innovations Incorporated

30 September 2004

BlastGard International Inc., creator of explosive mitigating products, has entered into an agreement with Luna Innovations for anti-ballistic developments.

The agreement incorporates a research project, now underway, with the U.S. Navy. Luna Innovations, of Blacksburg, VA, and BlastGard are collaborating on a proprietary new product that incorporates flame retardant properties while mitigating against explosions. Luna Innovations' U.S. Navy research project, under the Small Business Innovation Research program, for the Department of Defense, was partly drafted by BlastGard on behalf of Luna Innovations.

BlastGard is actively participating in the area of Insensitive Munitions policy with the Defense Ordnance Safety Group, a division of the UK Ministry of Defense. Current BlastGard ammunition packaging containers have been designed to prevent sympathetic detonation between adjacent containers, both fast and slow cook off, and reduces the possibility of initiation by a ballistic threat. Advanced packaging materials from Luna Innovations may significantly enhance BlastGard's capability in this area by extending the time taken for munitions to cook off in the event of a fire.

BlastGard's CEO Jim Gordon explains, "This joint effort benefits both companies. Luna Innovations' advanced materials make our ammunition packaging more effective against secondary fragmentation and fire, while BlastWrap's technology enables Luna Innovations to meet the stringent sympathetic detonation requirement within mass and volume constraints. We collectively believe this is an excellent opportunity for both of our companies to obtain access to U.S. Navy packaging programs."

BlastWrap is not armour in itself but is often paired it up with an anti-ballistic material like Kevlar or nano fibre to make such materials much more effective by reducing the peak local pressures and by keeping the hot detonation products out of the weave.

With regards to the newly formed relationship, Mike Gunther, Luna's Vice President of Operations stated, "Aligning ourselves with BlastGard provides Luna Innovations with an additional opportunity to maximize the commercial potential of our flame retardant advanced materials. Flame retardant additives are necessary in plastics, coatings and fiber reinforced polymer composites to prevent rapid combustion and reduce the spread of fire through these materials. Flame-retardants work to interfere with the chemical and physical processes involved in the combustion process. Luna's flame retardants offer advantages of minimal environmental impact and little off-gassing of toxic compounds during combustion."

Jim Gordon adds, "Luna Innovations makes an excellent partner for BlastGard. This company has a successful track record, posting over a decade of growth, and has actively transitioned basic research and development into cost-effective products for industry, defense, communities and the environment. We share a common mission: identifying new markets, the research and development of technologies, and the exploration of commercial applications."

Blastgard’s new new agreement is in addition to a previous licensing agreement made in July with Blast and Fire Technology for the sale of BlastGard's products to the Petrochemical and Oil & Gas Industry. With this agreement, BlastGard and Blast & Fire are working jointly on a new proprietary, versatile process to produce a revolutionary approach to mitigating explosions.

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