What weapon does the armor have?
I don't know it's current capabilities, but before the most recent redesign, the armor had strength enhancers; was bulletproof; had boot jets; could detatch it's fists and fire them as offensive weapons; it had self-repairing capabilities as well. I'm pretty sure it also had infra-red vision. I think I saw STRIPE firing energy blasts during the Sins Of Youth crossover, but I can't remember for sure.
It was vulnerable to sharp weapons. I recall Shiv piercing the armor with a wrist mounted saw or something like that.
It was basically your standard suit of technologically advanced armor for a supporting charecter ... not able to do anywhere near as much as a suit of Iron Man or Steel armor, but it provides a basic powerset.