WL Gore & Assoc

Archive for the ‘Industry’ Category

HLC Industries Inc. – SHOT Week – Supplier Showcase “Materials For Manufacturers”

Thursday, December 8th, 2016

Attention: Manufacturer Owners • Engineers • Purchasing Agents • R&D Specialists

HLC Industries Inc., will be exhibiting during the SHOT Week’s – Supplier Showcase “Materials For Manufacturers”, and we would like to invite you to our Booth # S2003 to review our Nylon / Woven & Cordura® fabrics range that we provide as an “In-Stock” Program, for the Military / Nylon Tactical and Commercial marketplace. This is a one-day only event on Monday, January 16th ~ 9AM to 5PM (please see below for details and RSVP to attend this important event). The Supplier Showcase will be held the day before the SHOT Show opens. If you aren’t able to attend, we would like to schedule an appointment at your booth, as we will be in attendance during January 17th Tuesday thru 20th Friday. Please contact: peter@hlcindustries.com or 973-525-9191

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Monday, January 16, 2017
9:00 a.m. – 5:00 p.m.
Palazzo Ballroom, 5th Floor
Venetian Hotel Meeting Rooms, Las Vegas

RSVP: shotshow.org/rsvp-supplier-showcase

Tactical Command Industries – 20th Anniversary Promotion

Monday, December 5th, 2016

This is an announcement from Tactical Command Industries, a tactical comms company and a brand under Safariland Group, regarding their 20th Anniversary and a special promotional sale they’re running.

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Tactical Command Industries, a brand of the Safariland Group, is celebrating our 20th anniversary. Originally founded by a SWAT team officer, TCI has built a business and a reputation for providing first responders, law enforcement, and military personnel rugged and innovative tactical communications accessories. Beginning with the SAS earpiece system, through the Liberator series headset, and finally the MAST antenna relocation kit, TCI continues to offer products developed from end user input and experienced development and design. Following the acquisition by the Safariland Group in 2012, our capability to develop cutting edge products has increased exponentially. The most recent addition is a professionally certified acoustics laboratory that allows our engineers and technicians to conduct in-house acoustic testing and certification.

To celebrate our anniversary we are offering discounts, as much as 30% off, on many items in our inventory, including the venerable TASC headset and the modern TABC3 bone conduction headset. Products can be purchased as a complete kit including a push to talk or as just a stand-alone headset.

Go to: www.safariland.com/our-brands/tci

Select your products and enter the promo code TCI30 in the “Apply Promo Code” field. If there are any questions don’t hesitate to contact TCI Customer Service 800-347-1200, and select TCI.

This celebration will end at the end of December. Don’t miss out on this opportunity to own professional grade communications accessories at a significant discount.

Don’t forget about Shot Show, be sure to visit TCI in the Safariland booth #12762, where we plan to unveil new and exciting product.

Nightforce Optics Designates Frederick Karl to Lead Marketing

Friday, December 2nd, 2016

Nightforce Optics, Inc., has named Frederick Karl as Strategic Marketing Manager. Fred brings with him extensive experience in product development and marketing in multiple categories of products within the outdoor, military and firearms markets.

“We are very pleased to have Fred join Nightforce to lead our marketing team,” said Gordon Myers, Director of Sales and Marketing. “With his experience as a marketer and developer of product ideas, he matches our capability as an organization in bringing innovative products to professionals and consumers alike. We are excited to have him help us build the next stage of Nightforce’s product brand.”

Fred commented, “Nightforce is known as the most dependable and rugged brand in optics; and to be able to bring that message to consumers is fantastic. I am thrilled to be a part of such a committed team that delivers premium product to loyal customers throughout the world.”

Recently with CRKT, as Brand Manager, Fred was instrumental in developing and launching the Ruger Knives program. His background also includes companies like Crimson Trace and Gerber Blades, where he honed his industry experience in marketing, product development, design and strategic planning. He has an excellent blend of experience of working with, and communicating to, military, tactical and hunting customers that are at the core of Nightforce’s brand.

Fred will have responsibility for the Nightforce brand and engaging Nightforce’s high-level consumers domestically and throughout the world. In addition to leading the marketing team he will be responsible for strategic planning, coordinating product launches and supporting the sales team and their customers. Fred commented, “I am looking forward to build on such a formidable product brand and reaching more shooting enthusiasts.”

A graduate of Rochester Institute of Technology in New York with a degree in product design, Fred joins the company with more than twenty years of product development and marketing experience.

www.nightforceoptics.com

Armor Express Announces Two Executive Appointments in Support of the Company’s Federal Law Enforcement Market Expansion Initiatives

Thursday, December 1st, 2016

CENTRAL LAKE, Mich., Nov. 29, 2016 /PRNewswire/ — Central Lake Armor Express, Inc. (“Armor Express”), a leading manufacturer and distributor of high-performance body armor solutions, announced today two strategic hires as the Company continues to expand its presence in the Federal Law Enforcement market. These hires follow the Armor Express’ previously announced $94 million Indefinite Delivery / Indefinite Quantity contract award with the Department of Homeland Security (DHS).
Joining Armor Express as the new Director of Federal Sales is industry veteran David Jones. He has been brought onboard to lead the Company’s Federal Sales initiatives, which include sales strategy, client management and overall market expansion programs. Mr. Jones joins the Company after a distinguished 20-year career, having most recently served as Sales Director for Saxon Security, Inc. In this position, he was responsible for product marketing and sales, client service and channel management, working with prestigious customers including the U.S. Secret Service, FBI SWAT, FBI Violent Crimes Task Force (VCTF), Amtrak Police Special Operations, HIDTA (U.S. Federal Drug Task Force), and numerous police departments. Previously, Mr. Jones held the position of Sales Manager, Law Enforcement at Hesco Group, where he oversaw sales of hard armor products to both U.S. and Canadian Law Enforcement. Earlier in his career, he was the Business Development Manager at ALM Tech Corporation, responsible for setting sales and distribution strategies and securing strategic partnerships in support of the Company’s Federal, domestic law enforcement and Special Forces business units. Mr. Jones is a graduate of Penn State University, with a B.S. in Finance.

Additionally, the Company is pleased to announce the appointment of Jake Hayes as Federal Sales Manager. He will be responsible for developing and servicing Federal agency contracts and working with the team to expand the Company’s reach. Before assuming this role, Mr. Hayes served as Sales Specialist for the Federal Government market at Code 3, Inc., where he oversaw Government Services Agency (GSA) contracts and worked with procurement agents from various agencies, including the FBI, CIA, U.S. Secret Service, U.S. Marshals, DEA, National Park Service, NASA, Bureau of Indian Affairs, and U.S. Air Force. He also held sales management positions with Blue Eagle Investigations, One Call Care Management and Northstar Alarm Services. Mr. Hayes received his B.S. in Marketing from Eastern Illinois University.
Commenting on these appointments and the Company’s continued growth initiatives, Scott Wyatt, Vice President of Sales and Marketing, stated, “On behalf of our team, I would like to welcome both David and Jake to Armor Express. They both bring extensive experience servicing and protecting the Federal law enforcement community and have deep-seated relationships that will serve our Company and our customers well. These hires are especially meaningful given the timing, as we have recently expanded our customer base and are currently developing new body armor systems designed specifically for Federal officers. Knowing agency requirements and being in position to develop solutions that address their specific needs is paramount to our product development initiatives and positions us well for future opportunities.”
As federal agencies across the country seek to advance their capabilities, Armor Express has directed its resources to developing new and enhanced ballistic packages, carrier designs, hard armor plates, and accessories. This incorporates the most innovative technologies and industry best standards to better protect and enable officers to perform their jobs at the most optimal level. Thousands of federal agents nationwide have depended on Armor Express’ solutions, including those from the U.S. Marshals, Court Services and Offender Supervision Agency (CSOSA), U.S. Capitol Police (USCP), Office of Inspector General (OIG), U.S. Department of the Interior (DOI), Federal Emergency Management Agency (FEMA), U.S. National Park Service, and U.S. Fish and Wildlife Service.

MMI Textiles Announces Personnel Actions

Thursday, December 1st, 2016

The MMI Textiles Team has been growing in strength and numbers. We’re excited to announce a handful of new team members and a promotion.


Geoff Senko has been promoted to Regional Sales Manager. This promotion is a result of Geoff’s six years as a cornerstone of the MMI sales team. He has been a huge part of our success over the years and we are grateful to have him. He will continue servicing all his customers as he takes on the new role.

Additionally, we have hired 3 new team members over the past 3 months.

Andrew Joyce joined the management team in October. He joins as our new Global Business Manager. Andrew brings 25 years of sales and business experience from outside the industry to bring a fresh perspective and will help MMI continue its steady growth. He is a native Australian who married a Clevelander with a true love of his adopted city. We are excited to add him to our team!


Christine Campbell joined the team at the beginning of November as our Office Assistant. She is quickly making friends around the office as she offers to help with just about anything. Not to mention she loves Cleveland sports, so she fit in VERY quickly.

Last, but certainly not least, Lisa Lewis has been working with the team as our newest Customer Service Representative. She is quickly learning the ropes and helping in all the areas she can. We hope to officially bring her on to the team full-time at the end of the month!

As always, we are grateful to have a growing team. These changes are exciting and we couldn’t be happier. Onwards and upwards!

FLIR Systems Acquires Prox Dynamics for $134 Million

Wednesday, November 30th, 2016

This purchase is a pretty big deal as the Prox Dynamics PD-100 Black Hornet, Nano class UAV gains traction, including for such programs as the US Army’s Soldier Borne Sensor effort. You can see it here in this Army commercial.

Acquisition adds unique nano-drone unmanned aerial systems leveraging Lepton capabilities to Surveillance product range

WILSONVILLE, OR — (Marketwired) — 11/30/16 — FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has acquired Prox Dynamics AS, a leading developer and manufacturer of nano-class unmanned aerial systems (UAS) for military and para-military intelligence, surveillance, and reconnaissance applications, for approximately $134 million in cash.

Based in Oslo, Norway and founded in 2007 by pioneers in nano helicopter technologies, Prox Dynamics develops, manufactures, and distributes aerial sensors that are revolutionarily small, light, and covert surveillance systems. Prox Dynamics’ Personal Reconnaissance System (PRS) features their Black Hornet aerial sensor and a hand controller, a system that is pocket sized and hand-launched by a soldier in the field, enabling a significant advantage in situational awareness and mission planning. The Black Hornet aerial sensor utilizes FLIR’s Lepton micro thermal camera, visible spectrum cameras, advanced low-power rotor technology, and proprietary software for flight control, stabilization, and communications. The Black Hornet helicopter is one of the lightest, stealthiest, and safest drones in the market, offering a highly advanced, lifesaving surveillance solution for traditional military forces and special operations forces. Weighing less than one ounce, the Black Hornet helicopter can fly for up to 25 minutes at line-of-sight distances of up to one mile.

The addition of the Prox Dynamics business will augment FLIR’s Surveillance segment by extending FLIR’s Airborne sensor product line and fully leveraging Lepton technology. FLIR intends to invest in optimizing the PRS platform to further enhance the range, cost, flexibility, and performance of the system. The Prox Dynamics team will benefit from close interaction with FLIR’s thermal sensor development group as well as the ability to leverage FLIR’s brand, distribution, and customer support infrastructure to better serve a global base of users. The business will become FLIR’s Unmanned Aerial Systems (UAS) line of business operating within the Surveillance segment.

“This acquisition adds a unique unmanned aerial systems capability to our portfolio. The Prox Dynamics team has created a highly-differentiated solution, incorporating our Lepton sensor, for advanced intelligence, surveillance, and reconnaissance that fits well with our vision for growth for our Surveillance segment,” said Andy Teich, President and CEO of FLIR. “The team at Prox Dynamics operates with a commercial mindset, which is a great fit for FLIR’s ‘commercially developed, military qualified,’ or ‘CDMQ,’ operating philosophy. We are excited to welcome the Prox Dynamics team to FLIR and look forward to working together to further advance this remarkable system capability.”

FLIR anticipates the business and related transaction costs will be approximately $0.01 dilutive to its 2016 earnings per share.

Cherokee Global Brands Announces Intent to Acquire Hi-Tec Sports International

Wednesday, November 30th, 2016

SHERMAN OAKS, Calif., Nov. 28, 2016 (GLOBE NEWSWIRE) — Cherokee Global Brands (NASDAQ:CHKE) (“Cherokee Global Brands”, “CGB” or “the Company”), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today announced that it intends to enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings B.V. (“Hi-Tec”), a global footwear company.

Transaction Highlights:

-The Hi-Tec business to be converted to a branded licensing model, consistent with CGB’s strategy.
-CGB has secured license agreements for core footwear categories that will strengthen and expand our presence in the United Kingdom, Continental Europe, The United States, Canada and South Africa.
-Maintaining distribution agreements for core brands throughout the world including South and Central America and Asia.
-Expects to add approximately $19 million of licensing revenue and $7 million in Adjusted EBITDA during first full fiscal year post-closing.
-Adds significant, experienced growth-oriented wholesale operating partner licensees.
-Dramatically expands global retail base to over 110 countries.
-Offers attractive cross-selling opportunities between CGB and Hi-Tec brand portfolios, including rapid expansion into apparel accessories and outdoor products.

Founded in 1974 and based in the Netherlands, Hi-Tec is a privately-held branded footwear company that designs, markets and sells footwear globally, primarily under the Hi-Tec and Magnum brands. Hi-Tec’s brands are sold in over 110 countries, predominately in the United Kingdom, Continental Europe, the United States, Canada, South and Central America and Asia through major retailers, independent distributors, licensees and direct to consumers. In 2015, Hi-Tec recorded revenue of approximately $143 million (based on a 1.1 Euros to each U.S. dollar exchange rate, which represents the average exchange rate for calendar year 2015), on worldwide wholesale sales estimated by third-party research to be approximately $288 million, including products sold under the Hi-Tec and Magnum brands.

Upon closing of the transaction, Cherokee will sell substantially all assets related to Hi-Tec’s wholesale operations to new operating partners, the proceeds from which shall fund a portion of the Hi-Tec acquisition purchase price. Concurrently, the new operating partner licensees are entering into license agreements with Hi-Tec Sports International Holdings B.V., a wholly owned subsidiary of Cherokee Inc., pursuant to which each operating partner will pay Cherokee royalties for the future use of Hi-Tec intellectual property. The headquarters of Hi-Tec will remain in Amsterdam.

In view of the founder’s strong ties with Africa, the subsidiary Hi-Tec Sports South Africa has been purchased by Hi-Tec’s founder, Frank van Wezel himself. He has negotiated a license and distribution agreement with Cherokee which enables him to grow the company and its brands (such as Hi-Tec, Magnum, Carrick and Interceptor) strongly in that part of the world.

“The acquisition of the Hi-Tec and Magnum brands aligns with our strategic focus of diversifying and building upon our active lifestyle portfolio as we continue to grow our global footprint,” stated Henry Stupp, Chief Executive Officer of Cherokee Global Brands. “Hi-Tec’s high-equity brands will build upon our presence in the active, outdoor markets, and we are excited by the potential to further expand these brands into additional categories including apparel, accessories, wearables, outdoor products and more.”

Mr. Stupp continued, “Consistent with our business model and strategy, we will convert the Hi-Tec business to a branded licensing model. We look forward to maintaining and working alongside Hi-Tec’s exceptional leadership and product development team to identify and secure additional wholesale and retail licensing partners that will help commercialize the brands, and to continuing relationships with the well-established supply chain as it transitions to our new operating partner licensees.”

“Hi-Tec’s global customer base adds significant wholesale and retail opportunities that we expect will deliver compelling cross-selling opportunities between the CGB and Hi-Tec and
Magnum brand portfolios,” Stupp added.

Founder and Chairman, Frank van Wezel, of Hi-Tec Sports is delighted to make this announcement: “I believe the future of the Hi-Tec company is in good hands with Cherokee Global Brands. When I started the company in 1974, I could not have foreseen the global success of the company until this day. It has been a wonderful experience, and I am happy to remain with the new company as Chairman Emeritus and Ambassador for at least the next five years. It is now time to turn the management over to the capable management team led by my son, Ed.”

“This is an exciting time, and we are pleased to join Cherokee Global Brands,” stated Ed Van Wezel, CEO of Hi-Tec. “Cherokee Global Brands has built a compelling global platform, that combined with the new brand licensing model will allow us to adapt to the fast-changing retail and consumer environment, broaden the reach and offering of Hi-Tec’s core brands while we build upon our select distribution channels that have been established over the past 40 years. I look forward to working directly with Henry Stupp and the Cherokee Global Brand’s team. We look forward to making Hi-Tec’s products available to an even broader global customer base, as we expand our existing relationships through new product category introductions.”

Assuming the Hi-Tec acquisition is consummated, Cherokee expects Hi-Tec to contribute approximately $19 million of licensing revenue and $7 million in Adjusted EBITDA during the first full fiscal year after the closing of the acquisition.

Cherokee intends to fund the purchase price through cash on hand, proceeds from a new credit facility with Cerberus Business Finance, LLC (“Cerberus”), proceeds from the sale of assets, including to the new operating partner licensees, a receivables funding loan to be provided by its Chairman of the Board and the net proceeds from the proposed public offering of common stock as further detailed in the preliminary prospectus supplement filed by the Company on November 28, 2016.

The acquisition will be effected by a share purchase agreement under which Cherokee Global Brands will acquire all the issued and outstanding share capital of Hi-Tec Sports International Holdings B.V., for an aggregate cash purchase price of approximately $95.8 million on a cash-free debt-free basis, based on normalized working capital. Subject to post-closing adjustments, and after giving effect to the asset sales and the other transactions in this release, Cherokee expects that the purchase price for the Hi-Tec intellectual property assets to be retained by it will be approximately $62 million. The parties expect the transaction documents to become effective on November 29, 2016 and the transactions to close in the current fiscal quarter ending January 28, 2017.

NIBC Bank is acting as exclusive financial advisor to Hi-Tec, and Houthoff Buruma is acting as legal advisor to Hi-Tec. Houlihan Lokey and Symphony Investment Partners are acting as financial advisors to Cherokee, while Morrison & Foerster is acting as legal advisor.

(Source: phx.corporate-ir.net w/ H/T to Xiao)

Check Out Operational Detachment Source

Tuesday, November 29th, 2016

Operational Detachment Source is a new family owned web shop near Fort Bragg. It’s owned by an SF guy and will have a storefront after the New Year. Right now, their main effort is an online presence offering some great brands, and are constantly adding more.

While you persuse their site, you might also see some familiar stuff, like Presscheck Consulting.

www.opdsource.com