FOR IMMEDIATE RELEASE:
CONTACT:
Gabriel Technologies Corp
Dan Chicoine
Investor Relations Officer/VP of Marketing
(402) 614-0258 (402) 306-6943
dchicoine@gabrieltechnologies.com
HOMELAND SECURITY
COMPANY GABRIEL TECHNOLGIES CORP’S LOCKING SYSTEM BECOMES
FIRST IN INDUSTRY BACKED BY ADRIATIC INSURANCE AND LLOYD’S
OF LONDON
December 29, 2004 08:30:00 AM ET
Omaha, Neb. – Gabriel Technologies
Corporation (OTCBB:GWLK) is the first transportation security
company to receive underwriting from two of the world’s
leading insurance providers, Adriatic Insurance Company and Lloyd’s
of London.
A trucking cargo insurance policy, underwritten by Lloyd’s
and provided by Adriatic, offers truck operators up to $25,000
in coverage in case of loss due to the failure of Gabriel’s
WAR-LOK TSK-50 physical cargo security system. The TSK-50 is a
complete tractor/trailer security solution that includes the TL-10
barrier box, TKP-10 king pin lock, TAB-10 air brake lock, TGH-10
glad hand lock and the TPL pad lock from the t-Series line of
WAR-LOK cargo locks.
Adriatic and Lloyd’s are also providing a physical damage
policy that pays up to $10,000 of coverage if a tractor is stolen
and compromised due to the failure of the TAB-10 air brake lock.
“We recognize the need for increased security within the
trucking industry and believe the WAR-LOK t-Series security products
are the best solution on the market,” said Mark Fulkerson,
an independent agent for Adriatic Insurance and President of Cross
Country Insurance. “The WAR-LOK system will significantly
decrease the incidents of cargo theft and tampering, effectively
lowering the insurance risk.”
Designed in conjunction with industry security leaders, the WAR-LOK
t-Series provides the highest level of deterrence to cargo and
full container thefts or tampering in the trucking industry. And
with 260 million key combinations possible and the ability to
master key 20,000 different locks, WAR-LOK is the most effective–and
convenient–lock yet.
“Gabriel Technologies is excited to partner with Adriatic
Insurance and Lloyd’s of London to provide additional insurance
protection for our current and future customers,” said Keith
Feilmeier, President/CEO of Gabriel Technologies Corp. “Not
only does this partnership demonstrate the high quality of our
WAR-LOK product line, but more importantly, it underscores the
increasingly urgent need for complete cargo protection in the
trucking industry today. With the addition of the Adriatic/Lloyd’s
insurance package to our WAR-LOK t-Series, we are able to offer
a complete physical security program that is unmatched in the
industry.”
About Gabriel Technologies Corp:
Gabriel Technologies of Omaha, Neb, develops proprietary technology
for, and manufactures and sells, a series of physical locking
systems for the transportation/shipping industry collectively
known as the WAR-LOK Security System. Security within the transportation/shipping
industry has evolved substantially in recent years due to the
increased risks in theft and terrorism. In the United States alone
cargo theft accumulates for $15 billion in annual losses.
With the implementation of our award winning physical security
product line, the WAR-LOK, Gabriel Technologies now provides the
transportation/shipping industry cost efficient security measures
to prevent theft and other security problems that affect our nation
and global economy. Homeland security is Gabriel’s top priority
and the company is poised with a proven product line to help deter
terrorists who try to threaten our nation’s security and
disrupt the flow of commerce.
Gabriel Technologies’ mission is clear, to provide the highest
quality security products available to the transportation and
shipping industry – by creating innovative, proven technologies
that can be implemented on a realistic basis in today’s
post 9/11 economy. For more information visit us on the web at
www.gabrieltechnologies.com.
About Adriatic Insurance Company:
Adriatic Insurance Company, is a property and casualty insurer
based in Metarie, LA. The company specializes in commercial automobile
physical damage coverage primarily for local and long-haul trucking,
taxicabs and limos, and special automobile risks. It also writes
broad form motor truck cargo insurance, with maximum limits of
$100,000 Adriatic is rated “A” by A.M. Best.
SAFE HARBOR Information in this news release may contain statements
about future expectations, plans, prospects or performance of
Gabriel Technologies Corporation that constitute forward-looking
statements for purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases ``can be,'' ``expects,'' ``may affect,'' ``believed,''
``estimate,'' ``project,'' and similar words and phrases are intended
to identify such forward-looking statements. The company cautions
you that any forward-looking information provided by or on its
behalf is not a guarantee of future performance. None of the information
on this news release constitutes an offer to sell securities or
investment advice of any kind, and visitors should not base their
investment decisions on information contained in this website
The company's actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond the company's
control, in addition to those discussed in the company's press
releases, public filings, and statements by the company's management,
including, but not limited to, estimates of the sufficiency of
its existing capital resources, abilities to raise additional
capital to fund future operations and repay its existing indebtedness,
and the uncertainties involved in estimating market opportunities.
All such forward-looking statements are current only as of the
date on which such statements were made. The company does not
undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence
of unanticipated events.
###
