September 11, 2006

BATTELLE AND PROTECTED VEHICLES, INC. ANNOUNCE SHIELDALL^TM, A BREAKTHROUGH IN ARMOR PROTECTION CAPABILITY

Columbus, Ohio---Battelle announced today it has developed a next-generation composite armor material, exclusively licensed to Protected Vehicles, Inc. (PVI) for use in the company's ShieldAllTM armor systems. The new material is being called a lighter, more capable, and cost-effective armor solution.

The Battelle breakthrough material is a uniquely tailored composite that includes ceramics, reinforcing, and patented binders. Battelle and Protected Vehicles, Inc. collaborated to create the PVI armor system trademarked as "ShieldAllTM."

At less than 37 percent the weight of steel armor, the Battelle material alone is capable of stopping multiple armor piercing projectiles exceeding a 7.62mm threat as a stand-alone component. When combined with Protected Vehicles, Inc. armoring methodologies, the complete system is capable of stopping threats from 50-caliber armor-piercing shells without the weight associated with conventional metal or ceramic armor.

The weight of armored steel used in some current up-armor packages causes some vehicles to operate in an overweight condition which can degrade performance, increase maintenance requirements, and decrease overall and component lifecycles of the vehicle.

"The ShieldAllTM breakthrough means vehicle payloads can be restored, productive life can be extended, and maintenance costs can be reduced," said Scott Versluis, a Commercialization Manager at Battelle.

In addition, the material is being considered for personal armor equipment giving soldiers in the field more mobility while allowing equal or better protection.

"We're pleased to be working with Battelle on this exciting breakthrough," said Garth Barrett, President and CEO of Protected Vehicles, Inc. "We see a tremendous opportunity to advance personal and vehicle protection at a time when this is greatly needed around the world."

Under the exclusive licensing agreement to manufacture and market the armor, the companies have plans to further the armor's capabilities and develop a number of different protection applications and products. Based on readily available components and ongoing involvement from a tier one polymer manufacturer, ShieldAllTM is available immediately for large-scale production.

About Battelle

Battelle is a global leader in science and technology. Headquartered in Columbus, Ohio, it develops and commercializes technology and manages laboratories for customers. Battelle, with the national labs it manages or co-manages, oversees 20,000 staff members and conducts $3.4 billion in annual research and development. Battelle innovations have included the development of the office copier machine (Xerox); pioneering work on compact disc technology; fiber optics for telecommunications; development of new medical products to fight diabetes, cancer and heart disease; breakthroughs in environmental waste treatment; homeland security technologies; and advancements in transportation safety and security.

For more information, visit www.battelle.org or contact Media Relations Manager Katy Delaney at (410) 306-8638, or delaneyk@battelle.org.

About Protected Vehicles, Inc.

Protected Vehicles, Inc. designs and manufactures mine and ballistic protected vehicles using advanced U.S. technology; technology derived from Rhodesian and South African vehicle development programs carried out from 1970 through 1994; and U.S. DoD technology developments. Founded in 2005 by Garth Barrett, a pioneer in mine blast and ballistic protection since the early 1970's, PVI is headquartered in North Charleston, South Carolina and will unveil The Bulldog, a Light Protected Vehicle, at the Modern Day Marine Military Exposition in Quantico, VA on September 12, 2006. The Company has approximately 350,000 square feet of R&D and heavy metal fabrication space capable of cutting, bending, and manufacturing; thus enabling complete onsite fabrication of capsules and vehicle assemblies.

For more information, www.protectedvehicles.com, email shieldall@protectedvehicles.coms , or contact Drew Felty, (843) 554-8080, ext 219.