[csmkersh]

BRISBANE, AUSTRALIA - 26 November 2003: Metal Storm Limited (ASX trading code: MST and NASDAQ Small Cap ticker symbol: MTSX)

Metal Storm Limited (Metal Storm), New Jersey Institute of Technology (NJIT), and Taurus International Manufacturing (Taurus) announced today they had signed a collaboration memorandum with the goal of developing and bringing to market a 'personalised' handgun that electronically recognises pre-authorised individual users.

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