Metal Storm Limited: Metal Storm Launches New MAUL(TM) Weapon

Metal Storm Incorporated (MSI) has announced today that it is launching its latest lightweight weapon system, the GLH1851 Multi-shot Accessory Under-barrel Launcher (MAUL™), at the International Infantry and Joint Services Small Arms System Symposium in Las Vegas, Nevada.

The MAUL™ is an ultra-light shotgun attachment that fits under the barrel of an individual combat weapon, including the M-4 and M-16 rifles. It provides a range of less lethal, lethal and door breaching capabilities as an integrated, lightweight accessory to the user's main combat weapon.

During the show Metal Storm will be demonstrating the MAUL™ with a live firing at Nellis Air Force Base in Nevada.

MSI General Manager Peter D. Faulkner said Metal Storm is displaying the MAUL™ at the symposium as an accessory to the M4 as well as a stand-alone version with a folding shoulder stock.

"This revolutionary product incorporates Metal Storm's unique electronic ballistics technology in a 12 gauge weapon that weighs only 1.8 pounds (0.82kg)," he said.

"The MAUL™ was conceived with a great deal of influence from the US operational community.

"We were consistently told that weight should be at the top of our design priorities. At 1.8 pounds, we think we have set the bar for a five shot semi-automatic shotgun."

Although the MAUL™ is capable of firing a range of lethal and less lethal munitions, Mr Faulkner said Metal Storm is seeing a particularly strong interest in less lethal applications from military, security and law enforcement communities.

"The MAUL™ readily adapts to the unique aspects of urban operations with a range of traditional and specialty capabilities to include standoff door breaching and neuro-muscular incapacitation," he said. "With the MAUL's quick-load munition tubes an operator can instantly reconfigure his weapon to suit the mission."

"At the firing demonstration we will be using blunt impact less lethal rounds at a range of 25 metres," Mr Faulkner said.

Metal Storm CEO, Dr Lee Finniear, said "The MAUL™ is a disruptive technology that will forever change the way the small arms community thinks about how and when to use a shotgun."

Notes:

Metal Storm's Australian Stock Exchange trading code: MST

Metal Storm's OTC Symbol: MTSXY

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.

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Metal Storm Limited: Metal Storm Launches New MAUL(TM) Weapon