Here is a short video from our friends at FirstSpear on their new Tubes 6/12 Retro-fit Kit.
Archive for the ‘Armor’ Category
More Info On The FirstSpear Tubes 6/12 Retro-fit Kit
Monday, May 7th, 2012Point Blank Enterprises And Protective Products Enterprises Complete Merger Combined Companies Operating As Point Blank Enterprises
Friday, May 4th, 2012Point Blank Enterprises, Inc., announced that it has finalized its merger with Protective Products Enterprises, LLC. Both companies are owned by affiliates of Sun Capital Partners, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.
Point Blank Enterprises, Inc. has become the parent company and is now the operating owner of well-known and trusted global brands, including Point Blank Body Armor, PACA Body Armor, Protective Products and Paraclete. The Company will produce ballistics and soft armor designs, both concealable and tactical, at its manufacturing facilities in Pompano Beach, Fla., and Sunrise, Fla.
The Company also disclosed today that it has obtained new financing from Wells Fargo Bank, N.A., with the funds to be used for general working purposes and to drive innovation in new designs for the Company’s end markets.
“For the past six months, we have been working diligently to integrate all aspects of our businesses – including sales and marketing, manufacturing, R&D, finance, and IT – to better serve our global customers,” said Jim Henderson, Chief Executive Officer of Point Blank Enterprises, Inc. “We’ve made significant inroads and much of the integration is completed. We continue to win new awards, both domestically and abroad, and the changes we’re implementing now will allow us to further shorten our industry-leading delivery times, while continuing to provide our customers with the industry’s best and safest products. We look forward to building upon the heritage of Point Blank, PACA, Protective Products and Paraclete for years to come.”
www.pointblankenterprises.com .
For more information, please visit www.SunCapPart.com .
FirstSpear Tubes 6/12 Retro-fit Kit
Thursday, May 3rd, 2012
FirstSpear has developed a retro-fit cummerbund kit that upgrades your current armor carrier to use Tubes and, as a bonus, integrates 6/12 technology along the sides. The cummerbund is designed to accept soft armor inserts as well as side plates and fits virtually any vest that relies on a hook and loop front flap and rear MOLLE or a cummerbund pass through channel. Available in Coyote, Ranger Green, Black, Khaki, MultiCam and for authorized customers, AOR 1&2. This item is sized as well.
US4CES Family of Camouflage – Tactical Tailor
Thursday, May 3rd, 2012
Warrior West – 5.11 Tactical Plate Carrier
Wednesday, May 2nd, 2012The upcoming 5.11 Tactical Plate Carrier was a soft launch at SHOT Show but has been pretty much kept under wraps since then. They’ve refined the design a little but for the most part it’s remained unchanged.
Constructed of LiteLok, it features a die cut pile MOLLE field along (with flat admin pocket behind) with a kangaroo style flap with integrated magazine pouches. The flaps for these mag pouches can be tucked out of the way. It is a center pull quick release with cables over both shoulders. There is also a skeletonized cummerbund. Additionally, there is an integrated drag strap in the rear.
Look for the Plate Carrier to be available is this Fall.
Warrior West – S&S Precision
Wednesday, May 2nd, 2012
S&S Precision is working on prototypes of a plate sock for users of their Plate Frame. It uses a 4-way stretch fabric to cover the plate providing camouflage and some environmental protection for the plate’s strike face. It also provides some space on the rear for additional enhancements to be announced at a later date.
Look for a final version soon.
Pacific Safety Products Inc Signs Letter of Intent for Proposed Reverse Take-Over Transaction With ArmorWorks Enterprises Canada, ULC
Wednesday, April 25th, 2012If you’ve followed Pacific Safety Products over the past few years, you know that they have had a couple of on-again, off-again arrangements with Revision, Sun Capital, and other unnamed companies to purchase all or part of their company.
Last week, PSP announced that it has entered into a Letter of Intent (“LOI”) dated April 17, 2012 with ArmorWorks Enterprises LLC (“AWE”) to acquire all of the issued and outstanding shares of ArmorWorks Enterprises Canada, ULC (“AW Canada”) in a reverse take-over transaction.
PSP has been working with ArmorWorks (AWE) since 2004. According to a PSP press release, “AW Canada was founded in 2009 as an indirectly owned subsidiary of AWE and is an unlimited liability company existing under the laws of British Columbia. AWE is a limited liability company existing under the laws of Arizona and is indirectly controlled by William J. Perciballi of Phoenix, Arizona. AWE is a leading provider of advanced survivability products to military and law enforcement agencies worldwide since 1996.”
The Canadian press estimates that the deal may well be worth $15 Million.
Ok, so PSP, who has had a rough time of it trying to get someone to buy them, is going to scrape together $15 Million (Canadian press estimate) to buyout AW Canada which posted a $2.1 Million loss last year. Ok, got that.
Now is the interesting part. In their own quarterly statement from earlier this year, PSP reported, “On January 23, 2012, the Company announced that it has entered into a letter of intent (“LOI”) to sell substantially all of its assets on a cash-free, debt-free basis (the “Sale Transaction”). During an exclusivity period, the potential purchaser is completing a due diligence review, and the parties are endeavoring to negotiate a mutually satisfactory definitive purchase agreement.
The completion of the proposed Sale Transaction is subject to a number of conditions, including completion of satisfactory due diligence, execution of the definitive purchase agreement, and TSX Venture Exchange and shareholder approval. There can be no assurance that the Sale Transaction will be completed as proposed or at all or, if completed, that the net proceeds of the Sale Transaction would represent a premium to the current trading price of the Company’s securities. ”
That was a completely different deal with Sun Capital Partners and it didn’t happen. Here are a couple of other tidbits.
In the proposed Revision deal of 2010, the stock was to be purchased at $.18 per share. Over the last year, the stock has seen a high of $.11 and a low of $.02 with it currently hovering around $.03 a share. Under this proposed deal, PSP is valuing their stock at a generous $.10 and plans to consolidate shares on a 10-to-1 basis, turning them into $1 shares.
Under the agreement, Perciballi who controls AWE and by extension AW Canada, is being bought out. Yet, he is getting a spot on the PSP board as well. Not shabby.
So you haven’t heard about all of this? It’s probably because the press release that outlines the deal was not supposed to be released to the United States. I guess they forgot that the Internet is global in nature.
All in all, it’s an interesting deal. Naturally, it’s all contingent on approval from the shareholders.
US Army IOTV Laundering Saves $62 Million
Sunday, April 22nd, 2012
A few years ago there was a major shortage of Improved Outer Tactical Vest body armor systems. Two members of the Soldier Equipment Support Team, Life Cycle Logistics, Product Support Integration Directorate, Integrated Logistics Support Center, Natick Soldier Systems Center, studied the best way to commercially clean, rather than replace, IOTV garments. Willie Yung and Jason Sellazzo (seen above) found a method that has already saved the Army more than $62 million over two years.
They conducted a one-year study, sponsored by Product Manager Soldier Protective Equipment, in 2009-2010, using 90 IOTVs from the Central Issue Facility at Fort Campbell, Kentucky. The vests were separated into nine groups of 10 each in three classifications: lightly, moderately and heavily soiled.
After the IOTVs were commercially cleaned three times each using four different methods in Nashville, Tennessee, they were sent to the Textile Materials Evaluation Team at Natick. Testing there revealed that commercial cleaning of IOTV components using “computer-controlled wet cleaning” was safe, effective, would result in huge cost savings over replacement, and would help ease any shortage of vests in theater.
“In 2010 and 2011, the Central Management Office has cleaned a total of 145,000 IOTVs,” Yung said. “And we estimate that by cleaning them, we have helped avoid spending over $62 million, because if they could not be cleaned, then the Army would have to buy new ones to replace them.”
Natick is currently working on a new contract to continue this money saving process. They are also looking at expanding the cleaning to other OCIE items beyond just the IOTV.
