MTSX Metal Storm Limited ADS (MM)

ARLINGTON, VA (ASX: MST) is pleased to announce that Metal Storm Incorporated (MSI) has successfully conducted a live fire demonstration of a Crowd Control system using Metal Storm stacked projectile technology. The demonstration was performed under a Small Business Innovative Research (SBIR) contract with the U.S. Army that began in January, 2006.

The demonstration was designed to display several technical objectives which included the development of a family of Less Lethal munitions with smart round features; development of an electronic fire control system with targeting and ranging; the acquisition of a man-machine interface; and the integration of the entire system with an Unmanned Ground Vehicle (UGV). Metal Storm met these objectives with an integrated weapon system that provides the operator with several options when responding to a domestic or Military Operations in Urban Terrain (MOUT) scenario.

The system was developed by Metal Storm working with several key technology partners including iRobot who supplied their Warrior UGV platform and TeleRobotics who specializes in networked remotely operated weapons systems.

Commenting on the demonstration, Peter D. Faulkner, Senior Vice President and General Manager for Metal Storm's U.S. Operations, said, "We see the Less Lethal arena as a significant growth market and one that adapts well with the Metal Storm stacked round technology. The Metal Storm system can be used with riot/crowd control, police actions or other situations where use of deadly force is unwarranted."

The event was attended by representatives from the U.S. Army, the Joint Non Lethal Weapons Directorate and the Fairfax County Virginia law enforcement Civil Disturbance Unit.

The Army's Program Manager for Metal Storm's SBIR Contract, Mr. Richard Joliffe, said, "I was pleased to witness the successful demonstration of the Metal Storm Crowd Control System. This demonstration prepares the way for further development, refinement and eventual commercialization of the Metal Storm Crowd Control System."

Lee Finniear, CEO of Metal Storm Limited, said, "The addition of a demonstrated Metal Storm less than lethal capability has significant positive implications across our entire range of weapon systems. 3GL, Redback and our custom configured weapon systems will now be able to offer both lethal and less lethal payloads, making the weapons more versatile in the complexity of modern combat and peacekeeping operations."

Metal Storm Inc. is aggressively marketing these demonstrated capabilities to the Department of Homeland Security, the U.S. Military and Domestic Law Enforcement agencies.

� 2007 Metal Storm Incorporated. All rights reserved. "Metal Storm" and the Metal Storm logo are registered trademarks of Metal Storm Limited.

Notes:
Metal Storm's Australian Stock Exchange trading code: MST
Metal Storm's NASDAQ Small Cap ticker symbol: MTSX

About Metal Storm

Metal Storm Incorporated is an engineering services company, licensed to utilize Metal Storm Limited Stacked Projectile Electronic Ballistics Technology within the United States defense and homeland security markets.

Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia. Metal Storm Limited technology and products are represented in the USA by Metal Storm Inc., which has offices in Arlington, Virginia.

Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system.

Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles, to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.

Safe Harbour

Certain statements made herein that use the words "estimate," "project," "intend," "expect," "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied by such statements, including, among others, risks or uncertainties associated with the development of the company's technology, the ability of the company to meet its financial requirements, the ability of the company to protect its proprietary technology, potential limitations on the company's technology, the market for the company's products, government regulation in Australia and the US, changes in tax and other laws, changes in competition and the loss of key personnel. For additional information regarding these and other risks and uncertainties associated with the company's business, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission, including the company's Form 20-F.

Company Contact: Australia Dr Lee Finniear Chief Executive Officer Ph: +61 7 3123 4700 USA Peter Faulkner General Manager US Operations Ph: +1 703 248 8218

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