LADSON, S.C. — Force Protection, a developer and manufacturer or high-tech vehicles for the U.S. military that are designed to protect occupants from explosive devices, is seeking to have its shares traded on NASDAQ.
Force Protection shares currently are traded over-the-counter (OTCBB: FRPT).
The company announced its NASDAQ application on Friday.
“We have worked diligently to expand our business and develop a leading technology for blast protection,” said Chief Executive Officer Gordon McGilton. “As a growing public company, Force Protection believes that it is the appropriate time to apply for listing on NASDAQ.”
A NASDAQ listing would provide more access to institutional investors, the company said.
Earlier this week Force Protection signed a production agreement with General Dynamics and sold its first vehicles to the British armed forces. Force protection vehicles are built at a facility near Charleston, S.C.
Force Protection: www.forceprotection.net