MTSX Metal Storm Limited ADS (MM)

Metal Storm Announces Appointment of Managing Director ARLINGTON, Va., May 25 /PRNewswire-FirstCall/ -- Metal Storm Limited (NASDAQ:MTSXNASDAQ:andNASDAQ:ASXNASDAQ:tradingNASDAQ:code:NASDAQ:MST) Metal Storm Limited today announced the appointment of its chief executive officer, David Smith, as Managing Director. David was appointed as the Company's CEO in February 2005 following the resignation of Chuck Vehlow due to ill health. David was most recently President and Chief Operating Officer of SenSyTech, Inc, a publicly traded high-tech defense organization. Previously Mr. Smith held senior management roles at Quixote Corporation, a leading manufacturer of innovative transportation technologies; Amphenol, a US$1 billion electronic connector manufacturer; and General Electric Company, a leading player in the global defense market. Terry O'Dwyer, Metal Storm's Interim Chairman, welcomed Mr. Smith's appointment to the Board and said that David brings to the Board the right experience and balance of skills for the current stage of Metal Storm's development. David has a solid track record of achieving successful commercial outcomes within the technology and defense sectors, especially in our key US markets. About Metal Storm Metal Storm Limited is a defense technology company, employing 60 staff, headquartered in Brisbane, Australia and incorporated in the US, with offices in Washington DC and a defense engineering capability located in Seattle, operating as ProCam Machine LLC. The Company has invented 100% electronic ballistics technology that has no known conventional equivalent. Metal Storm is working with government agencies and departments, including the National Institute of Justice (US), the US Navy and US Army to develop a variety of systems utilizing the Metal Storm non-mechanical, electronically fired stacked ammunition system. Safe Harbor 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 U.S., 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. DATASOURCE: Metal Storm Limited CONTACT: David Smith of Metal Storm, Inc., +1-703-248-8218, or ; or Investor: Gregory Pettit, +1-212-885-0301, or , or Stefan Anikewich, +1-212-885-0505, or , both of Hill and Knowlton

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