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.
1
MAST Company Overview
2
Facility
3
Products & Production
4
Other
Contracts and Areas
Conclusion
1
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
1
Company Overview
• Small business of 70 to
130 employees
• 100% family owned
• Focus toward Small
Business Set-aside
contracts (SBSA)
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FY 2005 Sales $11 million
FY 2006 Sales $17.2 million
FY 2007 Sales $17.8 million
FY 2008 Sales $13.9 million
1
Overview - Sales by Year
18
2
2
16
14
2
12
1
10
8
12
0.5
4
3
0.41.8
2
10
1.5
4
15
15
6
0
2002
2003
2004
2005
Gov't
2006
2007
2008
Comm
1
Overview – Core Business
40mm NICO LV Day/Night
40mm M195 BASE
LAP
Machinery Sales
40mm M781 Prime/Sub
MAST CORE
BUSINESS
Title
M81 Prime
Small Caliber LAP
1
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
2
Facility
IDEAL
LAP SITE
LCAAP Benefits
•2600m Range
•24 hr Armed Guard
•Dedicated Test Bay
•Full time Gunsmiths
•Secure Weapon Storage
•Indoor 200m range
MAST Complex
•Experienced A & E
Producer
•Magazines for HE
•Ample Load Bays
•ISO 9000:2000
•Room for growth
2
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
2
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
3
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
3
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
3
Production M781 2008
• Up to 460,000 per month
• 2 shifts on Assembly Machine &
table/conveyor
• 2 Assembly Machines
3
Production M81 2004
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•
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Hand Assembly
Low Tech
Limited Automation
Many opportunities to
improve
3
Production M81 2008
• Increased Automation
• Increased Equipment
• Still searching for
opportunities to improve
4
Small Caliber LAP/Link
• Small Caliber LAP
• 5.56mm, 7.62mm
& .50 caliber
• Including Linking
4
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
4
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
Top Management Team
-MAST 2001 expansion Champion
-23 years in Ammunition/DOD work
-Former President and CEO at
MAST 1999-2004
Jay Bell
-President and CEO
- 20% Shareholder
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
Jim Bell
-Engineering Manager
-60% Shareholder*
-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
Phil Bower
-VP Manufacturing
Contact information
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Jay Bell – President and CEO
jbell3@masttechnology.com
Cell 816 560 0864
MAST LCAAP - Ph 816 796-0480 x25, Fax
816 796 0485