MTSX Metal Storm Limited ADS (MM)

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2007

Commission File Number 000-31212

Metal Storm Limited

(Translation of registrant’s name into English)

Building 4, 848 Boundary Road, Richlands,
Queensland, Australia 4077

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
þ Form 20-F      o Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes      þ No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

 

 

TABLE OF CONTENTS

		METAL STORM LIMITED ACN 064 270 006

METAL STORM PRODUCTS ATTRACT ATTENTION AT

MAJOR US ARMY EXHIBITION

Brisbane, AUSTRALIA –18 ^th October 2007: Metal Storm Limited (ASX trading code: MST and NASDAQ ticker symbol: MTSX).

Metal Storm is pleased to advise that it exhibited several of its products at the prestigious Association of the United States Army Conference (AUSA) held at the Washington DC Convention Centre from 8th to 10th October, 2007.

Metal Storm presented the 3GL three shot, semi automatic grenade launcher as well as a single barrel weapon and a 4 barrel weapon pod for robotic system applications.

Two 3GL models were exhibited, an existing design on its own integrated shoulder stock, and a new design with an integrated pistol grip mounted to an M16 assault rifle. The latter design proved particularly popular with exhibition attendees as its shorter overall length, combined with an improved ergonomic design, highlighted the capability advantages that 3GL provides for ground troops. Comments from military personnel at the exhibition reinforced the requirement for a semi automatic under barrel grenade launcher, whilst experienced combat veterans were surprised at the low weight of the weapon.

Metal Storm presented two weapons capabilities for integration on military robotic platforms. The first was a single barrel 40mm Improvised Explosive Device (IED) Disruptor prototype which can be attached to the arm of small robots. This weapon extends the work carried out for a US Army SBIR contract and adapts a 40mm disruptor slug to provide multiple shot capabilities for Explosive Ordnance Disposal (EOD) operations.

The second capability exhibited was a small, 40mm, lightweight 4 barrel remotely operated weapons system (ROWS) specifically designed for robotic platform applications. The additional capabilities of this weapon system include weight, size and deployed cost advantages. This weapon system also has a high firepower to weight advantage and generated significant interest for its suitability in robotic, vehicular and fixed asset protection applications.

Metal Storm Limited CEO, Dr. Lee Finniear noted “Metal Storm has been seeking a cost effective product to complement its ultra-fast, rapid response Redback™ ROWS system. The new Metal Storm designed and built lightweight dual axis gymbal (internal codename “FireStorm”) is specifically suited to Metal Storm weapon pods. It represents a significant opportunity for our customers in applications where size, weight and deployed cost are more important than ultra-fast slew rates or anti-RPG capabilities”.

The Company has been pleased with the level of defence industry press coverage of its presence at the AUSA show, including both 3GL and the 4 barrel ROWS making it to the “Top 10 things to see at AUSA” according to the Military Times. Military Videos: Videos, Army, Navy AirForce, Marine, Marines — Military Times

A high quality article from the international publication “Defence News” covering Metal Storm products at the AUSA exhibition is available on the Company’s webpage.

To see the above and pictures of the products at the show go to www.metalstorm.com

Page 1 of 2

Notes:

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

Company Contact:

Australia & USA
Dr Lee Finniear — Chief Executive Officer, Metal Storm Limited — Ph: +61 7 3123 4700

About Metal Storm

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.

Page 2 of 2

Appendix 3B
New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,
application for quotation of additional securities
and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Metal Storm Limited

ABN

99 064 270 006

We (the entity) give ASX the following information.

Part 1 — All issues
You must complete the relevant sections (attach sheets if there is not enough space).

+ See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B
New issue announcement

				Number		+ Class
9		Number and + class of all + securities not quoted on ASX ( including the securities in clause 2 if applicable)		18,569,688		Unquoted Options
10		Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)		N/A
Part 2 - Bonus issue or pro rata issue
11		Is security holder approval required?		N/A
12		Is the issue renounceable or non-renounceable?		N/A
13		Ratio in which the + securities will be offered		N/A
14		+ Class of + securities to which the offer relates		N/A
15		+ Record date to determine entitlements		N/A
16		Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?		N/A
17		Policy for deciding entitlements in relation to fractions		N/A
18		Names of countries in which the entity has + security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.		N/A
19		Closing date for receipt of acceptances or renunciations		N/A

      

+ See chapter 19 for defined terms.
1/1/2003		Appendix 3B Page 3

+ See chapter 19 for defined terms.
Appendix 3B Page 4		1/1/2003

Appendix 3B
New issue announcement

32		How do + security holders dispose of their entitlements (except by sale through a broker)?		N/A
33		+ Despatch date		N/A

Part 3 — Quotation of securities

You need only complete this section if you are applying for quotation of securities

34		Type of securities
		( tick one )
(a)		þ		Securities described in Part 1
(b)		o		All other securities
				Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

      

+ See chapter 19 for defined terms.
1/1/2003		Appendix 3B Page 5

Appendix 3B
New issue announcement

Entities that have ticked box 34(b)

38		Number of securities for which + quotation is sought
39		Class of + securities for which quotation is sought
40		Do the + securities rank equally in all respects from the date of allotment with an existing + class of quoted + securities?
		If the additional securities do not rank equally, please state:
		•      the date from which they do
		•      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
		•      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
41		Reason for request for quotation now
		Example: In the case of restricted securities, end of restriction period
		(if issued upon conversion of another security, clearly identify that other security)
				Number		+ Class
42		Number and + class of all + securities quoted on ASX ( including the securities in clause 38)

      

+ See chapter 19 for defined terms.
Appendix 3B Page 6		1/1/2003

Appendix 3B
New issue announcement

Quotation agreement

1		+ Quotation of our additional + securities is in ASX’s absolute discretion. ASX may quote the + securities on any conditions it decides.
2		We warrant the following to ASX.
		•      The issue of the + securities to be quoted complies with the law and is not for an illegal purpose.
		•      There is no reason why those + securities should not be granted + quotation.
		•      An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
		Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
		•      Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any + securities to be quoted and that no-one has any right to return any + securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the + securities be quoted.
		•      If we are a trust, we warrant that no person has the right to return the + securities to be quoted under section 1019B of the Corporations Act at the time that we request that the + securities be quoted.
3		We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4		We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before + quotation of the + securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:		/s/ Peter R. Wetzig		Date: 18 October 2007.
		(Company secretary)
Print name:		Peter R. Wetzig

⁺ See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

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