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MAST Technology, Inc.MAST Technology, Inc.Company Overview - July 2008
Mission Statement
To be a high quality and best value producer of ammunition and ordnance for military, government agencies and the shooting industry.
MAST’s dedication to quality will result in return customers and return to investors.
MAST Company Overview
Facility
Products & Production
Conclusion
11
22
33
44 Other Contracts and Areas
Company Overview• Manufacturer of Ammunition & Ordnance, specializing in tight
propellant charge tolerances, hi/low systems & tracer
• Production operations are focused on Load, Assemble and Pack (LAP)
• Founded 1990 as Nevada Corp., all current operations consolidated to Independence, Missouri
• Focus towards small business set asides
• ISO 9000:2000 3rd party certified since 2002
• Averaging 75.6% annual sales growth since 2003
11
Company Overview• Small business of 70 to
130 employees• 100% family owned• Focus toward Small
Business Set-aside contracts (SBSA)
• FY 2005 Sales $11 million• FY 2006 Sales $17.2 million• FY 2007 Sales $17.8 million• FY 2008 Sales $13.9 million
11
Overview - Sales by Year 11
2002 2003 2004 2005 2006 2007 2008
1.8
0.4 3
0.5
41.5
10
1
15
2
15
2
12
2
0
2
4
6
8
10
12
14
16
18
Gov't Comm
40mm M195 BASE LAP
40mm M195 BASE LAP
Machinery SalesMachinery Sales Small Caliber LAP
Small Caliber LAP
M81 PrimeM81 Prime
40mm NICO LV Day/Night40mm NICO LV Day/Night
40mm M781 Prime/Sub40mm M781 Prime/Sub
TitleTitleMAST CORE BUSINESS
11
Overview – Core Business
Competencies• Build to Print, Load, Assemble and Pack
• Quality minded small business • ISO 9001:2000 third party certified & DCMA verification with
zero findings
• Current ATF licenses 6, 8 and 10
• Specializing in tight propellant charges and tracer ammunition
• 40mm Production History
• Export history and staff certified in Export compliance
11
MAST Complex
•Experienced A & EProducer
•Magazines for HE
•Ample Load Bays
•ISO 9000:2000
•Room for growth
LCAAP Benefits
•2600m Range
•24 hr Armed Guard
•Dedicated Test Bay
•Full time Gunsmiths
•Secure Weapon Storage
•Indoor 200m range
IDEAL LAP SITE
Facility22
Facility
• Tenant at Lake City Army Ammunition Plant, Building 139
• No formal Affiliation with ATK, beyond Facility Use Agreement including ballistic testing
• 3 buildings/2 bunkers currently under lease over 25,000 SF, with dozens of more structures available with growth
• Over 20 load cells in main building
• LCAAP is 4500 acres and 30 min east of Kansas City, MO
22
Facility• Recently added 11,000 Square Foot of
Building 65 for Storage
• Building 65 total SF is nearly 75,000 in total, split 40,000 storage and 35,000 load bays
• Potential storage and Production space available in Building 65
22
Current Products• Our Main Products include
– 40mm M781 Training Practice Round
– M81 Igniter for Demolitions and Training
– Small Caliber Ammunition – Training & Duty
– Ammunition Machinery
– Specialty Ammunition – SMAW spotter/tracer
33
Production M781 2002• Initial Contract for
MAST in 2001• Contract for 50,000
units per month• MAST achieved nearly
100,000 per month as required
• One Assembly Machine & One Loader
33
Production M781 2008
• Up to 460,000 per month• 2 shifts on Assembly Machine &
table/conveyor• 2 Assembly Machines
33
Production M81 2004• Hand Assembly• Low Tech• Limited Automation • Many opportunities to
improve
33
Production M81 2008• Increased Automation• Increased Equipment• Still searching for
opportunities to improve
33
Small Caliber LAP/Link
• Small Caliber LAP• 5.56mm, 7.62mm
& .50 caliber • Including Linking
44
Toolroom Support
• Basic Machine Shop to support Operations
• Utilized on Machinery Rebuild
• Adds versatility to MAST’s new project development
• Allows Lower start up cost
44
Other Business
• LAP for 5.56 & 7.62 ammunition, including linked, AP, Tracer, and Frangible variations for DOD, DOE, DOS and other groups/agencies
• Small Caliber Ammunition Machinery Sales New, Used and Rebuilt
44
Top Management Team
Jay Bell-President and CEO- 20% Shareholder
Jim Bell-Engineering Manager
-60% Shareholder*
Phil Bower-VP Manufacturing
-MAST 2001 expansion Champion-23 years in Ammunition/DOD work-Former President and CEO at MAST 1999-2004
-BSBA Management Rockhurst University Kansas City, MO-- Six Sigma Green Belt certification, Villanova University-- Thirty plus years in manufacturing with an emphasis on lean manufacturing
40 years in Ammunition Industry-Recognized Expert in Ammunition -Founder MAST 1990-Sold Brass Extrusion in Good Order-Founder, President, Owner Brass Extrusion Labs Ltd 1973
Contact information• Jay Bell – President and CEO• [email protected]• Cell 816 560 0864• MAST LCAAP - Ph 816 796-0480 x25, Fax
816 796 0485