TYR Tactical

Archive for the ‘Industry’ Category

Meet The Bushnell Tactical Team

Thursday, February 23rd, 2017

These well known marksmen make up Bushnell’s PRS team.

Mr. John Chapman Joins B.E. Meyers & Co. Inc. As Latest MAWL Brand Ambassador and Certified Trainer

Thursday, February 23rd, 2017

Chappy 2~2

February, 22nd, 2017 (Redmond, WA)
B.E. Meyers & Co. Inc. is proud to announce that Mr. John Chapman, a.k.a. “Chappy”, is joining the B.E. Meyers Team as our latest Brand Ambassador for the MAWL™ Modular Advanced Weapon Laser system. This is part of Chappy’s continued law enforcement training efforts while also CEO of Raven Concealment.

“I am honored to be joining the B.E. Meyers team”, said Chappy. “The combination of proven designers and engineers working with experienced applications experts has enabled B.E. Meyers to create the MAWL-DA, the most capable multi-function small arms laser system I have used. I am excited to educate the law enforcement tactical community on the overwhelming benefits of the MAWL™ and B.E. Meyers other signature products for the military and law enforcement community.”

“Chappy brings years of experience to the team, and acts as a conduit for the voice of the customer as we move forward into future products”, said Matt Meyers, President at B.E. Meyers & Co. Inc. “One of our core goals is to be the most end-user centric photonics company in the industry, and Chappy will undoubtedly be a critical part of that path”. Chappy joins the current certified MAWL™ training entities of Tap-Rack Tactical and Presscheck Consulting.

Chappy will focus on training and outreach to the law enforcement and armed citizen communities, continuing his mission of educating agencies and individuals on the capabilities and application of low-light and infrared technologies.

Chappy can be contacted at chappy@eag-tactical.com
 
B.E. Meyers & Co., Inc. (www.bemeyers.com) is an ISO 9001:2008-certified manufacturer of optoelectronic devices used in defense and law enforcement applications. The company’s core technologies include infrared and visible lasers for weapons aiming and illumination; non-lethal visual disruption green lasers for long-range hail and warning; night-vision devices; and long-range surveillance systems. Customers include all branches of the U.S. Military; Federal, State, and local law enforcement agencies; foreign defense and security organizations; and defense contractors worldwide. Established in 1974, B.E. Meyers’ business offices, engineering, and manufacturing operations are located in Redmond, Washington.

Mission Ready Announces Purchase of Wild Things Business

Tuesday, February 21st, 2017

VANCOUVER, B.C. – February 21, 2017 – Mission Ready Services Inc. (“Mission Ready” or the “Company”) (TSX-V : MRS) is pleased to announce that the closing of the previously announced acquisition of the business and certain assets of Wild Things, LLC (the “Transaction”) is scheduled for February 24, 2017 valued at USD $4.5 million.

Pursuant to the Transaction, Mission Ready is acquiring the business of Wild Things, LLC and certain assets including inventories, manufacturing equipment, patents, material contracts, intellectual property, current outstanding purchase orders and the 2017 sales pipeline. This transaction is preceded by the closing of an agreement between a Japanese trading corporation (name withheld due to legal requirements) and Wild Things, LLC for the sale of certain Wild Things trademarks in Asia, including China and Japan and an exclusive trademark license and distribution agreement. The Wild Things heritage logo has been marketed in Japan under license for the past 20 plus years and these efforts will now be expanded.

Rod Reum, CEO & President of Mission Ready states, “We are very excited to be adding such a premium brand as Wild Things to our portfolio to complement our Protect The Force brand. We extend a warm welcome to the talented team at Wild Things. The merger of Wild Things with Mission Ready will allow both Wild Things and our PTF Manufacturing Inc. to significantly expand their reach into their current markets as well as have new markets opened up for each entity.”

“This is a huge deal for Wild Things”, said Ed Schmults, CEO of Wild Things. “To have a global powerhouse for a distribution partner in Asia is very significant for us as well as for some of the product lines of Protect The Force. All of us at Wild Things are thrilled to be working with Rod and the MRS team. These are two complementary businesses that mesh very well together. I think the timing is excellent for MRS and Wild Things to combine resources and take advantage of market opportunities. This sale allows us to significantly strengthen our balance sheet, return capital to shareholders and invest in the growth and development of our business”, said Schmults.

License and Distribution Agreement
Further to a November 2015 agreement providing exclusive import/distribution and master license rights for the Wild Things heritage brand in the Japanese market and precedent to Mission Ready’s purchase, Wild Things, LLC was in negotiations to sell certain trademark rights for Japan and several other Asian countries and has recently concluded that sale. Outside of these countries Wild Things retains ownership and all rights for the rest of the World subject to a right of first refusal by our Japanese trading partner. The distribution agreement gives us an established single trading partner in the fast growing Asian outdoor retail market.

Payment Terms
The cash portion of the Transaction price, is provided by a small allocation ($350,000) from the brand rights sale as previously mentioned and a $4.15MM loan from Wild Things, LLC secured by the assets of Wild Things USA, a wholly-owned subsidiary of Mission Ready formed to facilitate the Transaction. The company will work to replace the Wild Things, LLC loan over the next several months.

Congratulations to all involved.

LMS Defense Inc is Acquired by Josh Jackson

Monday, February 20th, 2017

Monday February 20, 2017, Oroville, CA- John Chapman (Chappy), LMS Defense Inc’s Founder and Director of Training, announced today that long-time LMS Director of Operations, Josh Jackson, has acquired LMS Defense Inc. through a 100% stock purchase.

“While melancholy to be selling LMS”, said Chappy “I am exceedingly confident in Josh’s ability to continue the mission he, Troy Price and I committed to when we started LMS Defense. For more than a decade, Josh and I have fought criminals together, taught cops, military members and armed citizens together, done business together, and been brothers through thick and thin; and I am excited for him and his team as they drive LMS into the next phase of its evolution”.

“This acquisition will allow us to continue to guide the company in its current direction”, said Josh Jackson “While expanding our focus into new, non traditional market segments. We are excited to grow LMS’s capabilities and course offerings, while maintaining the high standards of instruction our students have come to expect over the last 10 years”.

The purchase allows Chappy to sharpen his focus on his responsibilities as CEO of Raven Concealment Systems (rcsgear.com), and his police service. Additionally, Chappy will be announcing a new training venture in the near future.

LMS Defense will be making several exciting announcements in the coming weeks regarding new partnerships and projects.

More information about LMS Defense courses and their instructor cadre can be found on their website at www.lmsdefense.com as well as their social media pages on Facebook (LMS Defense) and Instagram (@lmsdefense).

SilencerCo Presents – Harvested : Dialed In

Saturday, February 18th, 2017

“The best way to learn anything, no matter what you’re doing, is by making mistakes.” BMX Gold Medalist Morgan Wade is no stranger to the try, try again way of life. Through more broken bones and serious injuries than we care to count, Wade has stayed committed to honing his craft and doing what he loves.

Morgan brings the same commitment to hunting as he does to BMX, always striving to learn from mishaps and improve for the next go around.

www.silencerco.com

Long-Time ADS Employee Promoted To CFO

Friday, February 17th, 2017

Dunn-Rai

John Dunn will now serve as the company’s Chief Financial Officer

Virginia Beach, Va. – Company officials announced the promotion of long-time employee, John Dunn, to the position of ADS Inc.’s Chief Financial Officer earlier this week.

Dunn began his career with ADS as Corporate Controller in 2010, before being promoted to Vice President of Finance in 2013. He helped lead the company’s financing efforts over the past seven years and frequently represented ADS at investor conferences and lender meetings.

“I am excited to engage in this new chapter with the company,” said Dunn. “ADS is an amazing organization and I am extremely honored to serve as its CFO.”

During his tenure with the company, Dunn has worked closely with key vendors and customers in a way that has contributed to ADS’ success and ensured the company maintains the highest standards in financial reporting.

“With the company’s recent refinance of its senior secured notes complete, ADS has the necessary capital and is well-positioned for continued growth,” said the company’s CEO, Jason Wallace. “John was a key part of that effort and I am confident he will continue to have a positive impact on ADS’ success as our CFO.”

ADS also announced this week that Karan Rai, the company’s current President and CFO, will be transitioning away from his involvement in the daily operations of ADS to focus fully on continuing his role as CEO of the company’s wholly-owned subsidiary, Theodore Wille Intertrade, GmbH.

“Karan has been instrumental in assisting the organization’s expansion into new markets and geographies globally with the acquisition of TWI,” said ADS Executive Chairman, Luke Hillier. “He guided the company through a critical capital markets refinancing and I look forward to his continued role in the growth of our new markets.”

In his role, Rai will be responsible for overseeing TWI, a global provider of integrated supply chain solutions to customers primarily operating in the United States European Command (EUCOM) and the United States Central Command (CENTCOM) regions.

“Over the past 12 months I was heavily focused on our capital markets refinancing process and ensuring post close success at TWI. During that time, Jason and John have been doing much of the heavy lifting in running ADS day to day,” Rai said. “The ADS platform continues to be in very capable hands with Jason and the rest of the management team and I look forward to taking on a more focused challenge of leading our growth platform at TWI.”

www.adsinc.com

BE Meyers & Co, Inc Issues Statement In Support Of Chuck Pressburg

Thursday, February 16th, 2017

Recently, a news release came to light identifying one of our contracted employees and brand ambassador, Mr. Charles “Chuck” Pressburg of Presscheck Consulting, in an unfortunate firearms incident. The media coverage of this incident is vague and allows for misperception. In addition to this limited reporting by the press, malicious speculation online is fueling and in some way exacerbating many inaccuracies in the story.

This incident is by no means indicative of the performance or standards that we know Chuck to uphold, and in no way impacts his credentials as a Subject Matter Expert on the topic of low-light operations as well as night vision and laser combat employment. He represents our brand, and we support him as strongly today as we ever have.

While this was an obviously unfortunate incident involving our brand ambassador, the details of the situation will come out at a time and in a method that are legally appropriate. While it would not be appropriate for our brand ambassador to make a statement himself at this time, B.E. Meyers & Co. Inc. and industry entities cited in this message stand in his support to speak for him.

I encourage the community to take a pause, know that all the details cannot be currently released, and to question the narrative provided to them by the Oregon media that has spread to the national press level. Stop breaking out the Jump-to-Conclusions Mat, stop trying to fill in the blanks erroneously, and start letting the facts develop. Let the legal system work, and come to your own conclusions in due time.

I personally stand with Chuck.
B.E. Meyers & Co. Inc. stands with Chuck.
Those of character in this industry stand with Chuck.

We are ALL, all in for Chuck.

#ALLINFORCHUCK

Sincerely,

Matthew Meyers
President and Co-Owner
B.E. Meyers & Co. Inc.

All In:
Weapon Outfitters
Hodge Defense Systems
Primary & Secondary, LLC.
ATEi
Raven Concealment Systems
Operational Detachment Source, LLC
Sentinel Concepts
AT Armor
Blue Force Gear
Tap-Rack Tactical
Victory First
Z3ro Solutions, LLC.
Magpul Industries Corp.
Centrifuge Training LLC
Dark Angel Medical, LLC
Warrior Industries, LLC
FirstSpear

Magpul Announces Retirement of Richard Fitzpatrick

Wednesday, February 15th, 2017

AUSTIN TEXAS, February 14, 2017 – Magpul Industries Corp today announced the retirement of Magpul Founder and CEO Richard Fitzpatrick. Richard made the decision to retire in September 2016 with an effective date of March 2, 2017, his 50th birthday. While Richard will be retiring from day-to-day operations at the company, he will remain involved as a major shareholder and member of the Magpul Board of Directors.

Twenty-four years ago, as an enlisted Marine, Richard sketched the attached drawing for the “Quick Pull” for M16 rifle magazines. It was five years later when this idea was refined into the original “Magpul” and, in 1999, Richard started a company named after the original product. Working from his basement, Richard was its sole employee while working 3 jobs to provide startup capital for the endeavor. Today, Magpul stands as one of the largest producers of firearm magazines and accessories in the world, with over 200 products. While the company has grown, its core values continue to drive every aspect of the company.

Richard made the decision to retire in 2016 based on his belief that Magpul has a cultural foundation and a robust and talented team that can carry forward his vision for the company. In his communication to Magpul employees, Richard stated, “I want to thank everyone who has joined me in building something I could never have imagined 24 years ago when I made the first drawing of the original Magpul concept. Magpul has been the center of my life for so long, that I cannot clearly remember being without it, so this decision was extremely hard for me to make. As Magpul stays true to its published foundations, we will continue to attract talent, build great things and most importantly stay relevant to people’s lives.”

In preparation for Richard’s new role, Magpul has spent the past six months adjusting management functions for a seamless transition. Doug Smith will serve as President and COO and continue directing day-to-day operations and business functions, as he has since 2004. Duane Liptak, a former United States Marine Corps Officer with an Aviation and Marine Special Operations background, who joined Magpul in 2012, has been promoted to Executive Vice President and will assume further responsibility over Richard’s role in product vision and marketing. Mike Mayberry, who joined Magpul in 2004, will continue as Vice President of Product Development providing the same innovative design quality for function and aesthetics that Magpul has been known for. Brad Bennett, who joined Magpul in 2007, has been promoted to Vice President of Engineering and will continue to expand the Design and Engineering group, and Carey Ryerson, who joined Magpul in 2012, has been promoted to Vice President of Manufacturing Operations.

Magpul was established on Richard’s ingenuity and grew under Richard’s unyielding leadership and vision. Today the company is stronger than ever and will continue to grow and expand under the founding core values that drives every aspect of the company. Richard will continue to serve a critical role for Magpul, but today, we celebrate the dedication, hard work, and vision of our Founder as he enters a new phase of his professional life.

www.magpul.com