FirstSpear TV

Archive for the ‘Industry’ Category

SIG SAUER, Inc Files P365 Magazine Patent Infringement Case Against Springfield, Inc

Tuesday, May 11th, 2021

NEWINGTON, N.H., (May 11, 2021) – Today, SIG SAUER, Inc., filed a lawsuit in the United States District Court for the Central District of Illinois, Rock Island Division, alleging that Springfield, Inc. (Springfield Armory) infringes two SIG patents relating to SIG’s P365 magazine. 

The P365 has seen tremendous commercial success, due to the innovative design of the high-capacity magazine.  In its complaint, SIG alleges that Springfield Armory’s making and selling of certain “Hellcat” branded magazines infringes upon two SIG patents.  SIG SAUER is seeking injunctive relief, as well as monetary damages for Springfield Armory’s past and ongoing infringement.  

Ron Cohen, President and Chief Executive Officer, made the following statement:

“When the SIG SAUER P365 was introduced it took the market by storm as the most innovative high-capacity, micro-compact pistol to be introduced due to its magazine capacity, and quickly became one of the top selling handguns in the market due to this unprecedented innovation.  SIG is not a litigious company, but given the extent of infringement by Springfield, SIG has a responsibility to protect both our intellectual property and the significant investment we make to develop our innovative products.  As a company we are proud to yield more than 100 patents worldwide, with more than 40 patent applications currently pending, and we will protect the extensive research and design that goes into developing these patents rigorously.”

www.sigsauer.com

Rheinmetall to Upgrade UK’s Challenger Main Battle Tank Fleet

Tuesday, May 11th, 2021

Rheinmetall has won a pioneering land forces order of pan-European and NATO-wide significance. The British Ministry of Defence has contracted with the Düsseldorf-based technology group to modernize the British Army’s main battle tank fleet. In all, 148 Challenger 2 main battle tanks will be upgraded with the 120mm smoothbore main armament from Rheinmetall, together with a completely new turret structure, including a state of the art digital system architecture. Forming part of the British Army’s Challenger 2 Life Extension Project, or LEP, the modernization programme is poised to convert this tried-and-tested tank into the new Challenger 3, keeping it in service for decades to come. The programme will take place during the 2021-2027 timeframe. Just announced in Telford (UK), the contract is worth around €770 million (£665 million).

The latest generation L55A1 smoothbore gun from Rheinmetall will place the modernized Challenger at the forefront of NATO tank technology. The Challenger 3 will be a network-enabled, digital tank featuring unsurpassed lethality and greatly improved survivability on the battlefield. It will be able to fire current and future Rheinmetall 120mm kinetic energy rounds and programmable multipurpose ammunition. Combined with the latest fire control technology and sensor systems, this will significantly boost the vehicle’s combat effectiveness, resulting in remarkably accurate firepower.

Much of the upgrade work will be carried out in the UK at the Rheinmetall BAE Systems Land (RBSL) plant in Telford in the West Midlands. The company boasts a rich heritage, having delivered the first Challenger 2 tanks to the British Army over 25 years ago. RBSL is a joint venture between Rheinmetall and BAE Systems, with Rheinmetall Landsysteme GmbH holding 55% of the shares.

As Armin Papperger, chief executive of Rheinmetall AG, recently put it, “We’re proud to be taking charge of one the United Kingdom’s most important army?technology programmes here in the cradle of the British tank industry. In technological terms, the upgrade will put the British Challenger tank on the cutting edge of NATO’s armed forces. To make this happen, we’ve amalgamated the longstanding expertise of RBSL with Rheinmetall of Germany’s unsurpassed know-how in large-calibre weapon systems, digitization and advanced turret solutions.”

John Abunassar, head of Rheinmetall’s Vehicle System’s division, points out that “The British Army is getting a world-class capability. At the same time, we’re celebrating the return of top-notch tank technology to the British Isles, because the bulk of the work will take place in the UK and involve the inclusion of numerous local suppliers. This announcement comes after years of hard work and collaboration with our customer, especially in the recent extraordinary circumstances brought about by COVID-19.”

RBSL will be working together with subcontractors from all over Britain, giving an economic boost to their various locales. Work will be directed from the RBSL factory in Telford, with technical support from the company’s heavy armour specialists in Telford and at the RBSL facility in Washington near Newcastle in the northeast of England.

The modernization programme will maintain existing high-grade industrial jobs in Britain and create numerous new ones. In particular at RBSL, the Challenger programme will maintain some 200 member of staff, including 130 highly skilled engineers and 70 technicians. Furthermore, during the next five years, RBSL will offer employment and training opportunities to more than 60 trainees. Moreover, in the British supply chain some 450 jobs will be maintained or newly created.

The programme secures the UK’s national capabilities base in terms of defence technology and engineering expertise and offers the prospect of new product developments and further export opportunities.

Challenger 3
The new vehicle will be armed with the latest 120mm high-pressure L55 smoothbore gun, which fires subcalibre KE projectiles and programmable multipurpose ammunition. Delivering enhanced accuracy and penetrating power, the gun system features state-of-the-art fire control technology.

A new turret structure including improved survivability systems assures maximum crew protection. The main optical sights improves the target acquisition and tracking capability of both the commander and gunner.

Moreover, thanks to the new physical, electronic and electrical architectures, this solution provides additionally significant growth potentials for the next decades.

Construction of SIG SAUER Experience Center Begins in Epping, New Hampshire

Friday, May 7th, 2021

NEWINGTON, N.H., (May 7, 2021) – SIG SAUER, Inc., is pleased to announce the official commencement of the construction of the SIG SAUER Experience Center on the grounds of the SIG SAUER Academy in Epping, New Hampshire.

Today, Ron Cohen, President of SIG SAUER, Inc. was joined by Governor Chris Sununu and other local and state dignitaries, for the official groundbreaking ceremony at the future site of the SIG SAUER Experience Center, a state-of-the-art 40,500 square foot facility on the grounds of the SIG SAUER Academy in Epping, New Hampshire.

“SIG SAUER is growing, and we are excited to officially break ground for the SIG SAUER Experience to mark the beginning of another phase of our evolution,” began Ron Cohen, President and CEO, SIG SAUER, Inc.  “This facility will attract visitors to the New England region from all over the world and create new jobs, and we view this endeavor as a true partnership with our state and local leaders that have worked hard to foster an environment where SIG can grow and thrive and are one of the secrets to our continued success and growth here in New Hampshire.”

The SIG SAUER Experience Center will feature the SIG SAUER flagship retail showroom, state-of-the-art indoor shooting ranges, and a high-tech, interactive SIG SAUER museum depicting the history of SIG SAUER, and a one-of-a-kind educational experience for SIG SAUER products, a multi-purpose meeting space and conference rooms.

“The continued expansion of SIG SAUER’s New Hampshire operations with this new construction in Epping is another welcome addition by SIG SAUER to our growing economy,” said Governor Chris Sununu. “SIG SAUER is one of New Hampshire’s largest employers providing a diverse mix of high-tech manufacturing jobs to our workforce, and I am glad to partner with them as they continue to firmly plant their roots right here in the Granite State.”

Design-Build services are being provided by North Branch Construction and architectural design by Cowan Goudreau Architects both of Concord, NH.  Civil engineering services are being provided by T.F. Moran, Inc. of Bedford, NH.

Smith & Wesson Brands, Inc. Announces Intent to Divest Thompson/Center Arms Brand

Tuesday, May 4th, 2021

SPRINGFIELD, Mass., May 3, 2021 — Smith & Wesson Brands, Inc. (NASDAQ Global Select Market: SWBI), a leader in firearm manufacturing and design, today announced that it plans to divest its Thompson/Center Arms brand. This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.

Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc., said, “Thompson/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson/Center Arms’ loyal consumers should rest assured that they will continue to receive the world-class firearms, accessories, and customer service support that the brand has been known for since its founding in 1965.  We remain fully committed to the hunting and long-range shooting market, and with this divestiture we will be able to now focus on these categories under our iconic Smith & Wesson brand.  Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share while simultaneously increasing profitability.”

At this time, a buyer for the Thompson/Center Arms brand has not been identified; however, the divestiture is not expected to have a material financial impact on the Company’s first quarter fiscal year 2022 results and the Company expects the divestiture to be accretive to the Company’s full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs. The Company states that this decision will not result in a workforce reduction as its flexible manufacturing model allows it to repurpose capacity immediately to other areas without a headcount reduction.

Interested parties should contact the Company via email at investorrelations@smith-wesson.com or by calling 413-747-3448.

XS Sights Announces Staff Promotions

Monday, May 3rd, 2021

Fort Worth, TX (April 27, 2021) – XS® Sights is pleased to announce the promotions of Zack Kinsley to Vice President of Business Development and Addison Monroe to Marketing Manager.

 

As Vice President of Business Development, Kinsley is responsible for creating and implementing plans to increase existing business and for developing new business opportunities to grow market share and brand awareness. He will track new markets and emerging trends, spearhead strategy on new products and services, and work closely with leadership on strategic sales and marketing initiatives as the company continues to innovate and grow.

As Marketing Manager, Monroe now oversees all marketing initiatives for the company. This includes advertising, sponsorships, the ambassador program, web content creation, graphic design, and photography, among other responsibilities.

“I could not be prouder than to announce the promotions of Zack to Vice President of Business Development and Addison to Marketing Manager,” said Kellie Brunn, Co-Owner of XS Sights.  “Zack’s proven solutions-based approach is an integral part of our innovation, profitability, and growth initiatives. He works closely with all of Team XS to grow our brand, and this role will allow him to focus on the long-term strategic direction of XS.”

Brunn continued, “Addison is a pleasure to work with and has demonstrated her talents as she has taken on more responsibilities in marketing this past year.  She is an excellent representative of our company and will hit the ground running in her new position.”

For more information, visit www.xssights.com.

Mike Roth (USN Ret.) Joins the Unity Tactical Team

Monday, May 3rd, 2021

Unity Tactical is pleased to announce that Mike Roth has joined our team and will serve as Unity’s Strategic Business Development point man.

Mike is a retired Naval Aviation/Naval Special Warfare veteran who has served within the defense industry for nearly 15 years.  Mike formerly served as Director of Military and Aviation Operations at Wilcox Industries Corp from 2006-2020.

“Mike’s years of operational experience, leadership and diverse knowledge of industry are well established, says Trent Zimmer, CEO of Unity Tactical.  He will provide strategic direction, business development, and product innovation experience to our team which will be an important role in growth domestically and internationally for Unity Tactical.”

www.unitytactical.com

Zodiac Milpro Strengthens Its Engineering Capacities with Vectis Marine Design

Monday, May 3rd, 2021

Zodiac Milpro and Vectis Marine Design are very pleased to announce the recent acquisition of Vectis Marine Design by Zodiac Milpro on this day 30th April 2021.

Zodiac Milpro is a world leader in the manufacture of inflatable boats and RIBS for the military and professional market. Present in France, Spain, Canada, USA, Australia, UK, Italy and Singapore, Zodiac Milpro has a team of 400 employees worldwide and delivers a turnover of 60m Euros. Vectis Marine Design is a naval architecture consultancy based near Southampton, England with whom Zodiac Milpro has worked successfully for many years.

Created in 2008 by Andrew Humphries and John Fox Robinson, two highly skilled naval architects, Vectis Marine Design specialises in the engineering and design of high-performance and specialist vessels. The company has a strong reputation in the design of fast patrol boats, RIBs, Special Forces craft, rescue craft and other vessels to meet demanding operational requirements.

It is to Vectis Marine Design that Zodiac Milpro owes the development of the ECUME the well-known highly capable military RIBS for the French Navy, and the aluminum SRA series for the professional market, which sets a new benchmark in its field. Zodiac Milpro is currently entrusting Vectis Marine Design with the extension of this SRA range and other development of new innovative products.

As well as new vessel design, Vectis Marine Design provides technical support to a wide range of vessels and this will continue and develop with Zodiac Milpro’s backing. With this acquisition, Zodiac Milpro strengthens its autonomy in design and innovation, its capacity for engineering, and ability to deliver complex tenders and projects more effectively. This acquisition is part of the Group’s development strategy to support its growth and meet an ever-increasing demand from customers for more capable and efficient craft.

Guillaume Laurin, President of Zodiac Milpro commented,

“We are particularly pleased with this agreement. Vectis Marine Design and Zodiac Milpro have been working together for a long time. Thanks to Vectis Marine Design’s know how, experience and professionalism, Zodiac Milpro will be able to handle more complex programs and further increase its innovation dynamic. Our respective teams know each other well and appreciate working together. This acquisition is completely in line with our strategy to strengthen our internal capabilities. It is a natural rapprochement which will give both our companies great opportunities of further development and continue to offer our clients the best military and professional craft on the market.”

Andrew Humphries, Managing Director of Vectis Marine Design added,

“We have worked closely with Zodiac Milpro since 2009 and are delighted that Vectis is now becoming part of the Zodiac Milpro group.   We have always enjoyed working with Zodiac Milpro and appreciated their professional and collaborative approach.  We see this next exciting step as a great endorsement of the work that the whole Vectis team has put into the business since Vectis was established in 2008.  We very much look forward to the closer partnership with Zodiac Milpro while at the same time continuing to support our other clients with innovative design, engineering and technical support”.

www.zodiacmilpro.com
www.vectismarine.com

AMMO, Inc. Announces Closing of Acquisition of GunBroker.com

Monday, May 3rd, 2021

SCOTTSDALE, Ariz., May 03, 2021 — AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce today the successful closing of the previously announced acquisition of the GunBroker.com business (GunBroker.com), the world’s largest on-line auction marketplace dedicated to firearms, hunting, shooting and related products. The Transaction involved an approximate $240 million merger of reorganized entities resulting in GunBroker.com and certain affiliates becoming a wholly owned subsidiary of AMMO (the “Transaction”).

“We couldn’t be more excited about bringing the GunBroker.com team into the AMMO family. Everyone worked hard to make this happen – and we will now set about to further expand the GunBroker.com brand as we leverage the amazing IT platform Steve Urvan and his team developed to bring AMMO products and a host of other products and merchandise to the vibrant GunBroker.com marketplace,” said Fred Wagenhals, AMMO’s Chairman and CEO. Fred further noted that “the AMMO management team viewed the Transaction as accretive to our shareholders when we announced the letter of intent. With the Transaction successfully closed, our team has reached another vertical integration milestone for the Company, representing an opportunity to diversify our revenue base with high profit-margin business offered through a premier brand deploying best-in-class secure transactional technology.”

Steve Urvan commented: “I am excited we have closed the Transaction so I can take my seat on the Board of this dynamic and growing company. I am confident our newly expanded AMMO team will bring innovative products and solutions for our expanding and loyal customer base. The GunBroker.com marketplace is going to enjoy the new shopping opportunities that serve the firearms, ammunition and accessory outdoor and shooting sports markets as we roll them onto the platform.”

The Company anticipates issuing post-Transaction updated guidance on Tuesday, May 11, 2021.

Lucosky Brookman LLP acted as legal counsel and Riveron Consulting LLC acted as financial and technology advisors to the Company. Arnall Golden Gregory LLP served as legal counsel and Maxim Group LLC served as the financial advisor to IA Tech LLC for the GunBrokers.com business.