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Archive for the ‘Industry’ Category

Kirk Whatley Joins Samson Manufacturing Sales Team

Wednesday, May 15th, 2019

Keene, NH — Samson Manufacturing’s sales team announces the addition of Kirk Whatley as Strategic Accounts Manager. An industry veteran, Kirk will be responsible for increasing Samson’s brand and product awareness with strategic distributors, retailers, and law enforcement markets.

Kirk has been involved in the shooting sports for over 40 years, and has been involved in two tier distribution and direct sales for over 35 years. Kirk is a frequent speaker at many pro-2nd Amendment functions and has been awarded The Second Amendment Foundation’s “Defender of Liberty” award. He is also an NRA certified instructor and Range Safety Officer.

Dave Biggers, Samson’s Director of Sales and Marketing said of the announcement, “We are pleased to add Kirk Whatley to our sales team and expect great things from him.”

Kirk can be reached at kwhatley@samson-mfg.com.

A Statement From The Founder And Former Owner Of Shellback Tactical

Tuesday, May 14th, 2019

I wanted to take this opportunity to let everyone know that after 15 years, I am no longer with Shellback Tactical. From starting and building the brand, creating demand, designing the products, leading it as the founder and being involved with it for 15 years of my life. It was an interesting journey with its roller coaster ups and downs. But it was also incredibly rewarding.

Building something out of nothing was extremely tough. From hoping that the products you make are bought and used by anyone. To seeing it worn, trusted and proven by military and law enforcement personnel around this great country and around the world. Wow, it’s what you hope and wish for. Some know that the company has been under new ownership/management when it was sold in 2017 to US Patriot. I stayed on for another 2 years as the Founder to help with it. It has been recently sold again. And I will not be continuing on with the company.

Most importantly I wanted to take this time to thank all of the customers over the years. Those who followed the brand, dealers, departments, units and the great people I met along the way. Thank You. I was incredibly lucky to serve and work with all of you. Without all of these pieces, it would have been nothing. And words cannot describe the gratitude I have for you.

Life is a gift and your time on this earth is short. Make it count. Although it may take longer, remember to always keep your character and integrity intact. And do your best to do what’s right, because its right, even when it’s not convenient.

I wanted to also put something out, because I have received several messages on other platforms wondering why I have not answered their emails. And now you know why. I am not leaving the Industry though. I will take some time to work on growing some projects and spend time with family.  I will also be looking for other new opportunities to be an asset at another great company. Maybe it’s yours.

Those who still would like to contact me can email me at tacticalgear@gmail.com or DM me on one of the platforms out there.

Thank you again, Michael Wratten

Persistent Systems, LLC Wins AUVSI XCELLENCE Award

Sunday, May 5th, 2019

NEW YORK, May 1, 2019 — Persistent Systems, LLC (“Persistent”) has been named the 1st place winner in the Communications/Data Connection Solutions category of the XCELLENCE Awards by the Association for Unmanned Vehicles Systems International (AUVSI).

Persistent’s Wave Relay® mobile ad hoc network (MANET) won the Technology Innovation award for its robust, self-forming, self-healing waveform creating a mobile communications infrastructure whenever and wherever users need it most. The MPU5 radio, Persistent’s advanced, scalable, and efficient radio, allows users to transmit crystal-clear audio, HD video, text, and sensor data, in a peer-to-peer fashion, over the Wave Relay® MANET without requiring a fixed infrastructure.

“We are honored to receive this award as innovators in communications,” said Louis Sutherland, Vice President of Business Development for Persistent. “This win is not just an accomplishment for Persistent, but for all the partners who have committed to be a part of the solution for the digital battlefield by joining the Wave Relay® Ecosystem.”

The Wave Relay® Ecosystem is an industry alliance of unmanned platform and sensor manufacturers sharing Persistent’s Wave Relay® MANET. Industry leaders are coming together to meet the need to have unmanned systems, sensors, and people operating on a common battlefield network.

“The rapid growth of the unmanned systems industry is reshaping our future by expanding business markets, providing consumers with innovative solutions and even saving lives,” said Brian Wynne, president and CEO of AUVSI. “The XCELLENCE awards recognize companies and individuals who are achieving remarkable results with unmanned systems technology to benefit our communities.”

XPONENTIAL offers a broad-based and balanced educational program brimming with cutting-edge content and inspirational insights, ranging from policy implications and technical challenges to use cases and best practices across vertical markets and everything in between. The AUVSI XCELLENCE Awards honor innovators in the unmanned systems industry, including individuals and organizations, with a demonstrated commitment to advancing technology, leading and promoting safe operations, and developing programs that use unmanned systems to improve the human condition.

For more information on Wave Relay®-enabled systems, visit the Wave Relay® Ecosystem at www.persistentsystems.com/ecosystem.

Adams Arms LLC Announces Asset Sale

Wednesday, May 1st, 2019

On Tuesday, April 30th, 2019, Adams Arms LLC’s assets were publicly auctioned at its facility in Pasco County, Florida, following maturity of its secured loans. The company’s senior secured creditors were the high bidder and are in the process of transferring these assets into a new company, Adams Arms Holdings, LLC (“AA Holdings”). Adams Arms, LLC, after the successful transfer of assets, will be closed.

It was announced and advertised at the beginning of April that Adams Arms LLC’s assets would be auctioned as a turn-key operation, including all tangible and intangible assets. AA Holdings will continue the Adams Arms brand. AA Holdings will fulfill all customer orders and honor all Adams Arms life-time product warranties.

AA Holdings will operate with greater strength and leadership than ever before. The new company will leverage the patents, know-how and commitment to the customer that has been the Adams Arms way since inception of the brand in 2007.  With a clean balance sheet, AA Holdings will be able to focus on providing new products, superb quality, and complete customer satisfaction.  The Adams Arms team is committed to building upon existing relationships and to providing its customers with unique products that are cost effective, robust and meet their needs.

Adams Arms LLC thanks its longtime customers and partners for their business.  AA Holdings will deliver the highest quality that everyone has come to expect from Adams Arms, and will continue to develop new and innovative products. 2019 has seen Adams Arms offer an upgraded P3 series rifles, a 20” .224 Valkyrie rifle, a 9mm Pistol Caliber Carbine, a full line-up of piston-driven AR-pistols, and a next gen slide/slide assemblies for Glock 17 & 19 handguns.  Exciting new products are in development and AA Holdings expects to release them before the end of the year.

Cubic Hires Three New Leaders for Defense Business

Monday, April 29th, 2019

Cubic Global Defense to strengthen simulation and digital initiatives with update to business line  

SAN DIEGO – April 29, 2019 – Cubic Corporation (NYSE: CUB) today announced its Cubic Global Defense (CGD) business division appointed three new leaders to its executive team: Mark Schmaltz, vice president and general manager of synthetic/digital solutions; Michael Maughan, vice president of business development and strategy as well as Kenneth Lowe, vice president of financial operations and controller. All three executives will play key roles in Cubic’s transformation journey as it focuses on growth, digital product innovation and new recurring revenue streams.

In addition to its existing Air and Ground Training Solutions business lines, Cubic has created a new Synthetic/Digital Solutions line which consists of its maritime, virtual, immersive and game-based technologies. Synthetic/Digital Solutions will focus on growing Cubic’s simulation and digital transformation initiatives and is comprised of Cubic’s Orlando, Austin and Denmark Studios.

“Cubic Global Defense has a rich history of developing cutting-edge solutions for the U.S. military and our allied nations and we continuously look for new innovative ways to strengthen our business,” said Mike Knowles, president, Cubic Global Defense. “I am very pleased to welcome Mark, Mike and Ken to our team during this significant time as we continue to accelerate our growth and meet our strategic vision.”

Schmaltz, Maughan and Lowe bring diverse backgrounds with skillsets that further allow Cubic to drive innovation and profitable business operations:

• Mark Schmaltz – Schmaltz is a business/program management executive with experience delivering major revenue growth and robust business wins. Prior to Cubic, he worked for Rockwell Collins for over 30 years, where he was responsible for significantly increasing revenue streams in the company’s defense, commercial and training markets globally. He will take on the role of vice president and general manager of synthetic/digital solutions, overseeing Cubic’s Orlando, Austin and Denmark Studios.

• Michael Maughan – Maughan is a business development executive with a background in corporate, engineering, government and military. He was previously the senior director of advanced programs and strategic development for General Atomics. As vice president of business development and strategy, Maughan will be responsible for the global business development efforts across the CGD business, including the implementation and execution of business strategies that align with Cubic’s corporate long-term strategy.

• Kenneth Lowe – Lowe is a finance executive who previously served as the vice president of finance for L3 Technologies’ Electron Devices Division. Lowe will be responsible for the general and cost accounting activities for CGD in his new role as vice president of financial operations and controller. He will drive the financial planning process, including the analysis of return on investments and will execute measures to increase profit and cash flow.

 

To learn more about Cubic Global Defense, please visit www.cubic.com/training or follow @CubicDefense on Twitter.

Mission Ready Announces Close of Unifire Acquisition, Further details on Credit Facility and Final Acceptance of Private Placement

Tuesday, April 23rd, 2019

VANCOUVER, BRITISH COLUMBIA – April 23, 2019 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that the Company has closed the acquisition (“Acquisition”) of Unifire, Inc. (“Unifire”) and a private placement, both following the receipt of final acceptance from the TSX Venture Exchange (the “Exchange”).
Acquisition of Unifire
Further to its February 12, 2019 news release, the Company received notice that the Exchange has accepted for filing the Agreement and Plan of Merger, pursuant to which a wholly-owned subsidiary of the Company has acquired all of the issued and outstanding capital stock of Unifire.
The consideration for the Acquisition includes:
The issuance of an aggregate of 26,315,790 common shares in the capital of the Company (“Shares”), which are subject to a four-month statutory hold period and escrow restrictions whereby the Shares will be released incrementally up to the final release date of January 1, 2022; and
Cash payments in the aggregate of USD$4,000,000, payable quarterly, with the final payment to be remitted on January 1, 2022. The cash consideration is subject to adjustment within seventy-five (75) calendar days after the closing date based on an unaudited balance sheet of the Company as of the effective time of closing of the Acquisition and the Company’s good faith determination of (i) the net working capital of the Company, to the extent that the net working capital of Unifire on the effective date of the Acquisition is greater or less than USD $1,856,798, and (ii) the amount of the sellers’ expenses as of the closing. The sellers have the opportunity to dispute such adjustments with thirty (30) days of receiving a closing statement from the Company. Any such adjustments, whether positive or negative, are on a dollar-for-dollar basis.
Further information on Unifire and the Acquisition will be provided in subsequent Company publications which will be made available at www.MRSCorp.com.

GW Ayers III Joins Rainier Arms/Defense as Vice President of Government Relations

Thursday, April 18th, 2019

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Auburn, WA – Rainier Arms, leading distributor of high-end small arms and accessories, is excited to announce the hiring of GW Ayers III, as the company’s Vice President of Government Relations, effective April 15, 2019. In his new position, Ayers will be responsible for setting the strategic direction for all government sales, customer service and marketing initiatives for the Rainier Arms and Rainier Defense brands.

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Casey Ingels, CEO of Tactical Tailor and the Grey Ghost Companies stated, “GW’s hard work, reputation and dedication to the end user has been instrumental in establishing Tactical Tailor’s worldwide reputation and growth. Tactical Tailor will continue to work closely with GW in his new position with longtime Partner, Rainer Arms and Rainier Defense.”

“Through his combined passion for the firearms industry, undeniable track record in personal customer service and care and 22 years of service with the US Army, adding GW to the Rainier team was one of the most common-sense decisions we’ve ever made,” said Owner of Rainier Group, John Hwang. “His extensive experience in the government and firearms industry as a whole, positions him to help lead our team and take our products to the next level.”

Ayers, a 22-year Army Vet, joins Rainier with extensive experience in sales, customer service, customer logistics, manufacturing and supply chain operations. His previous experiences include 15 years of hard work and dedication to the Tactical Tailor and Grey Ghost brands; where his interactions and reputation with the end user was instrumental in establishing Tactical Tailor’s worldwide growth. GW stated that, “I am extremely excited to join the Rainier Group. We have worked closely together for the past 12 years and have a great relationship. This move will allow me to help all companies involved to reach more customers and support the end user with the best products and services that are available”

“I’ve personally known GW for over a decade and he’s one of the most respected people in our industry,” continued Hwang. “His vast knowledge in our space is only eclipsed by the deep relationships he shares with everyone he touches. The Tactical Tailor and Grey Ghost family and the Rainier Group has always had a close relationship due to proximity but over the past 5 years we’ve become even closer allies sharing events like TRIGGRCON and IWA. As we grow Rainier Defense, GW will be a key player to help solidify our position in that space to further enhance all of Rainier Group. It’s rare you can acquire someone of GW’s character to join your dynamic team but to do it while enhancing both organizations is quite special. “

NP Aerospace Set for Global Growth Under New Ownership

Thursday, April 18th, 2019

James Kempston, CEO, NP Aerospace

NP Aerospace, formerly part of Morgan Advanced Materials, is set to strengthen its leading position in the Global Defence and Security Market under new ownership.

The company is a world leader in the design and manufacture of advanced armour technology for personal protection and military vehicle platforms. It has been jointly acquired by the PFN Group of Companies* and former NP Aerospace Executive, James Kempston, who is now CEO.

NP Aerospace products protect the lives of servicemen and women across the world, enhancing national security and resilience in the highest threat environments. The company is a major exporter of ballistic helmets and shields, explosive ordnance disposal (EOD) suits, body armour plates and composite vehicle armour systems, developed using ultra-lightweight, high performance materials.

NP Aerospace has integrated and supported over 2,000 military vehicles, including more than 700 of the UK MoD’s Cougar fleet of vehicles used in Iraq and Afghanistan. It has also supplied over 1 million combat helmets to UK, Canada, Italy and NATO allies and 200,000 body armour plates to the British and Canadian Armed Forces.

James Kempston, CEO, NP Aerospace comments: “The Security and Defence markets are seeing increased demand in terms of exports, innovation and technology. NP Aerospace is ideally placed to introduce ballistic armour innovation that ensures the highest level of protection and mobility for military and law enforcement personnel whilst maintaining cost efficiency.

“We have a long history in the materials manufacturing industry having started life as part of the Courtaulds Group in 1926. We entered the defence market in 1979 after winning the contract to supply the UK Armed Forces with combat helmets and have since then expanded our presence, improving armour technology and threat protection levels.

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“Our new ownership structure enhances our overall business agility and will strengthen our global export position as we continue to invest in R&D. I am personally very excited to be driving the next phase of our business growth.”

 

NP Aerospace employs 100 people across three facilities in the UK and Canada. Its UK facilities are fully ISO certified including an ISO 17025 UKAS accredited on-site ballistics range for armour testing and validation. The company also engineers and manufactures composite materials for a range of industries including medical platforms and antenna systems. High profile projects have included manufacturing the first moulded composite bikes for the Olympics, Sit skis for the Paralympics and the Bloodhound supersonic car.

 

*PFN Group of Companies Limited Partnership is fully owned by its General Partner, PFN Group of Companies Inc. PFN is 100% owned by Pasqua First Nation in Canada.