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Archive for the ‘Industry’ Category

Kopin Partners with Wilcox Industries for Modular Dismounted Soldier System

Thursday, August 8th, 2024

Provides Integrated Day and Night Heads up Display Optical Solutions

WESTBOROUGH, Mass.–Kopin Corporation (NASDAQ: KOPN), a trailblazer in application-specific optical solutions and high-performance micro-displays for defense, enterprise, consumer, and medical products, is thrilled to announce its collaboration with Wilcox Industries on the cutting-edge FUSION CLAW™ head borne information system.

The FUSION CLAW is set to revolutionize the battlefield with its advanced modular technology platform, seamlessly integrating night vision, communications equipment, Identification Friend-Foe (IFF), AI-informed power prioritization, multi-spectral forward illumination, mission recording, and Day/Night Heads-Up Display (HUD) into a single, lightweight package. The system’s design ethos—modularity, scalability, adaptability, and power management—ensures that operators can remain laser-focused on their missions. Kopin’s pivotal role involves the development and production of look-through mixed reality accessories, which we believe significantly enhance warfighter situational awareness with state-of-the-art Day and Night HUDs.

These new accessories will work with legacy fielded systems and as the demand for sophisticated Day and Night Visual Augmentation Solutions (VAS) skyrockets with over 70,000 systems already fielded and 100 commercial licensees integrating with the Android Tactical Assault Kit (ATAK)(1) , the FUSION CLAW system stands at the forefront of technological innovation. Warfighters can now access a wide array of information directly through a seamless heads-up display, eliminating the need for the user to look down at a chest-mounted End User Device (EUD).

“ATAK system users and future AR initiatives need the capability to view critical information in all ambient lighting conditions, from intense daylight to total darkness,” said Nic Peterson, Kopin’s Director of Business Development for Warfighter Vision. “We believe our power-efficient, high-performance microdisplays combined with innovative near-eye optics enable Kopin’s HUD products (designed and built in USA) to meet the complete operational needs of the warfighter and augments their current ATAK system, today. We are delighted to expand our customer base with esteemed partners like Wilcox, renowned for their outstanding contributions to the armed services.”

We believe with the FUSION CLAW system, Kopin and Wilcox Industries are poised to deliver unmatched situational awareness and mission success, ushering in a new era of battlefield innovation and significant revenue potential. James Teetzel, CEO of Wilcox Industries, stated, “The teaming of Kopin & Wilcox presents a unique partnership that is well poised to meet the development and production demands of the customer. The proliferation of this requirement for a headborne modular technology platform, with integrated VAS components, has amplified the necessity for such a business partnership, and we could not be more excited.” For this partnership, Wilcox brings a myriad of technical expertise related to the development of headborne mounting solutions and electro-optics, in addition to years of experience facilitating urgent and unique contract requirements for the US DoD and broader international defense market. As an industry leader in this space, Kopin brings vast industry knowledge and experience with micro-displays and optical solutions. Together, we believe the Wilcox & Kopin team will not only be able to meet customer requirements but will also facilitate increased technological development. James Teetzel further stated, “Wilcox has always listened to our customers, as it is their collective guidance that has allowed Wilcox to design, develop, and offer industry leading technology for over 40 years. The forming of this partnership is no different, as Wilcox looks to work jointly with Kopin in providing the best-in-class solutions in line with specific end-user requirements. We are honored and privileged to work closely with Kopin to jointly develop, produce, and provide meaningful equipment in support of the Modular Dismount Soldier System requirements.”

ONE9 Welcomes Davin Michaelis as Senior Technical & Tactical Advisor

Wednesday, August 7th, 2024

If “Innovation is a Special Operation”, ONE9’s team just got a whole lot stronger.
ONE9 is thrilled to announce the appointment of Davin Michaelis as Senior Technical and Tactical Advisor. Michaelis, a recently retired US Special Mission Unit (SMU) Sergeant Major, brings unparalleled expertise and experience to the team.

Throughout Michaelis’ twenty-one deployments, he distinguished himself at the highest level of strategic military operations including leadership roles in three presidentially approved operations. Known for his exceptional leadership, strategic acumen, and operational excellence he has demonstrated his prowess in some of the most challenging environments and operations globally. His deep and extensive experience in national security, intelligence, and special operations sets him apart as a leader of the highest pedigree.

In his new role at ONE9, Michaelis will be based in Warsaw, Poland. He will provide a unique and invaluable lens to target, validate, and provide deep tactical and technical diligence to help guide ONE9’s investment and innovation priorities. His strategic vision and tactical expertise will be instrumental in advancing ONE9’s initiatives and ensuring the highest standards of performance and innovation.

“I’ve been tracking ONE9 for a while now, and am proud to join a firm who contributes as much to national security in their private sector capability as we did when we were in uniform,” Michalis said.

“Davin is no joke, and I am deeply humbled to have gained the trust of a leader with Davin’s character, curiosity and mission focus,” said Glenn Cowan, Founder and Managing Partner of ONE9. “As ONE9 expands our presence globally, it is critical to align with our most important allies”. Cowan went on to say, “At ONE9 we equate venture capital to a special operations mission and since our former Units fought together, it’s a natural fit to expand our shared vision and culture to build one of the most impactful investment and innovation firms focused on national security.” His unparalleled experience and leadership will be a tremendous asset as we continue to drive forward our mission and expand our capabilities.”

MIL-PRO and Brawer Bros. Group of Companies Form MIL-PRO Operating Group LLC

Friday, August 2nd, 2024

Leading Supplier of Advanced Body Armor, First Aid Products, and Outdoor Gear Joins Forces with Industry Veteran

HAWTHORNE, NJ, USA, August 1, 2024 – MIL-PRO®, a global designer, manufacturer, and supplier of OEM and MIL-PRO® branded advanced body armor platforms, mission-critical medical products, and premier hunting/outdoor gear, proudly announces its strategic alliance with the Brawer Bros. Group of Companies. This collaboration marks the formation of MIL-PRO® Operating Group LLC, effective August 1, 2024.

Strategic Acquisition & Leadership

Leading the newly formed entity, Skip Smith will assume the role of CEO, while Rusty Burton will take on the position of President and Chief Operating Officer. With over 40 years of experience in the Defense and Law Enforcement industry, Mr. Burton will focus on the continued success and expansion of the MIL-PRO® brand. This partnership combines Burton’s expertise with Brawer Bros.’ high-capacity manufacturing capabilities, financial strength, sourcing proficiency, and exceptional customer service.

Expanding Vertical Integration

MIL-PRO® Operating Group LLC will benefit from Brawer Bros.’ extensive manufacturing resources, including elastic manufacturing, knitting, dyeing, finishing, and warehousing/fulfillment. The integration includes access to 180,000 square feet dedicated to high-quality, high-capacity cut-and-sew product manufacturing, a facility with over 25 years of operational excellence. This alliance will enhance MIL-PRO®’s manufacturing capacity, ensuring rapid and reliable delivery of innovative products. Additionally, MIL-PRO® will leverage expansive warehousing and distribution centers in North Carolina and Pennsylvania to better serve its customers.

About Brawer Bros. Inc.

Since 1946, Brawer and its affiliated companies have been a cornerstone in the textile industry, supplying synthetic yarns to a diverse range of customers and applications. The Brawer group delivers value through a variety of product offerings, substantial inventory positions, superior customer service, and multiple large manufacturing facilities and distribution centers.

For more information, contact Rusty Burton at r.burton@mil-pro.com.

Ceremonial Handover in Hungary: Rheinmetall Takes Over Ammunition Factory in Várpalota, Hungary, After Completion

Wednesday, July 31st, 2024

On 29 July 2024, the Duesseldorf-based technology group Rheinmetall celebrated the official takeover of its new state-of-the-art 30mm ammunition factory in Várpalota, Hungary.

The ceremony took place in presence of the Hungarian Minister of Defence Kristóf Szalay-Bobrovniczky and the CEO of Rheinmetall AG, Armin Papperger. 

The new production facility in Várpalota is a significant milestone in Rheinmetall’s expansion strategy. It underlines the company’s commitment in providing up-to-date technologies to support the defence capabilities of its partners. The factory is designed to produce 30mm ammunition for the KF41 Lynx infantry fighting vehicle (IFV), which will be built in Zalaegerszeg and delivered to the Hungarian armed forces. The Várpalota factory will start production in October 2024. Furthermore, ammunition for battle tanks and artillery as well as igniters will be among the products manufactured in Várpalota in a second phase. In the final expansion stage, the company site will cover a total of around 150 hectares.

In his opening speech, Armin Papperger highlighted the importance of the new factory for Rheinmetall and the site in Hungary: “The opening of this state-of-the-art ammunition factory in Várpalota is a clear signal to our commitment concerning innovation and quality. This facility will not only strengthen the defence capabilities of our global partners and in Hungary, but will also contribute to the economic development of the region.”

In his address, Hungarian Defence Minister Szalay-Bobrovniczky emphasised the strategic importance of the cooperation with Rheinmetall, and stressed the joint efforts in strengthening the national security and defence industry.

The new factory in Várpalota is equipped with the latest technology and will create more than 200 jobs in the region, making an important contribution to the local economy. The establishment of the Lynx IFV and other Lynx models also strengthens the development of the Hungarian defence industry. Rheinmetall is thus continuing its tradition of contributing to global security through technological innovation and close partnerships. 

Savage Arms Receives IHEA Industry Partner of the Year Award

Wednesday, July 31st, 2024

WESTFIELD, Massachusetts – July 30, 2024 – Savage Arms®, an iconic firearm manufacturer, has been given the Industry Partner of the Year Award by the International Hunter Education Association (IHEA). An organization dedicated to teaching hunting and shooting safety and responsibilities throughout the United States, IHEA began its partnership with Savage Arms in June of 2022.

“We are honored to receive the IHEA Industry Partner of the Year Award and remain committed to supporting hunter education initiatives across the United States,” said Beth Shimanski, Director of Marketing at Savage Arms. “As Savage continues to collaborate with IHEA and other organizations, we strive to promote safe and responsible hunting practices for generations to come.”

IHEA is the professional hunter education association affiliated with the Association of Fish and Wildlife agencies and the state fish and hunter education programs. With over 55,000 instructors, the organization works to ensure that hunter education and shooting safety is presented across the United States.

“Savage Arms is an amazing partner to not only IHEA, but hunter-ed volunteers and hunting mentors nationwide,” said Alex Baer, executive director for IHEA-USA. “The IHEA Industry Partner Award recognizes commitment to education, and Savage Arms provides this in a combination of ways including innovation to bring services to new audiences, professional consultation and financial aid. This award is nominated by members of the community and decided by a committee of hunter-education professionals.” 

Through the partnership with IHEA, Savage Arms has supported tens of thousands of instructors who provide hunter education and shooting safety training nationwide. By its continued support of IHEA, Savage Arms has played a crucial role in educating new generations of hunters about firearm safety, responsible hunting and landowner relationships.

For more information about Savage Arms and its extensive line of leading firearms, visit savagearms.com.

Vista Outdoor Board Announces Review of Strategic Alternatives

Wednesday, July 31st, 2024

Company Adjourns Special Meeting for CSG Transaction to September 13, 2024

ANOKA, Minn.– Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today announced that its Board of Directors (the “Board”) has commenced a review of strategic alternatives, which includes:

• Exploration of a full range of alternatives for Revelyst, including a potential sale of Revelyst. The Czechoslovak Group a.s. (“CSG”) is also considering an acquisition of Revelyst with potential partners (in addition to its proposed acquisition of The Kinetic Group).

• Engagement with MNC Capital (“MNC”) and its private equity partner with respect to its proposal to acquire Vista Outdoor to see if it can deliver superior value for the Company’s stockholders. This follows MNC’s recent public statement on July 26, 2024 that “if there were a reason or basis to increase our offer, including Vista engaging with us and providing one, we would increase our offer price”. In light of this recent statement, the Board has determined that MNC’s proposal would reasonably be expected to lead to a superior proposal and meets the standard for engagement under the terms of the CSG merger agreement. Considering the extensive diligence conducted by MNC and its private equity partner to date, Vista Outdoor expects MNC to be able to confirm an increased proposal for the acquisition of Vista Outdoor in short order.

• Continued consideration of the separation of Revelyst and The Kinetic Group through a spin-off.

The Board remains committed to acting in the best interests of the Company and its stockholders.

“We recognize the continuing support received from many of our stockholders for the CSG transaction and the feedback from some of our stockholders with respect to other strategic alternatives,” said Mike Callahan, Chairman of the Board of Directors. “We take the views of our stockholders very seriously and believe it is prudent to evaluate all strategic alternatives. In addition to engaging with CSG and MNC and its private equity partner, we also look forward to reviewing any other strategic alternative for Vista Outdoor that would maximize value for stockholders. While we conduct this strategic review, we remain as focused as ever on delivering high-quality, innovative products for our consumers around the world.”

In light of this announcement, Vista Outdoor will adjourn the special meeting of stockholders (the “Special Meeting”) scheduled to be held at 9:00 am (Central Time) on July 30, 2024, to 9:00 am (Central Time) on September 13, 2024. The Board continues to recommend Vista Outdoor stockholders vote in favor of the proposal to adopt the merger agreement with CSG at the Special Meeting.

Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor. Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

Ghost Robotics Corporation and LIG Nex1 Announce Close of Acquisition

Monday, July 29th, 2024

LIG Nex1 will have a controlling stake in Ghost Robotics
Philadelphia, PA and Seoul, South Korea – July 29, 2024 – Ghost Robotics, a leading innovator in legged robotics, and LIG Nex1, a premier South Korean defense technology company, are pleased to announce the close of a strategic partnership through LIG Nex1’s control-stake acquisition of Ghost Robotics. LIG Nex1 has acquired a 60% control-stake in Ghost Robotics for $240 million USD, valuing the company at $400 million USD.

This partnership marks a significant milestone for both companies as they combine their expertise and resources to advance the field of autonomous robotic solutions. The acquisition will enable Ghost Robotics to leverage LIG Nex1’s extensive experience and capabilities in defense technology and manufacturing to further accelerate scaling.

“We are thrilled to partner with LIG Nex1 and embark on this exciting new chapter for Ghost Robotics,” said Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics. “Their investment and strategic guidance will accelerate our growth and enhance our ability to deliver groundbreaking robotic solutions to a wider range of industries and applications.”

LIG Nex1’s CEO, Shin IckHyun, echoed the enthusiasm, stating, “Our acquisition of a majority stake in Ghost Robotics aligns perfectly with our vision to lead the future of defense and security technology.” He added, “We expect this acquisition will serve as momentum for both companies to grow together based on our leading-edge technological capabilities and close cooperation.”

This partial acquisition will foster innovation and drive the development of next-generation robotic systems for both industrial and defense markets. By combining their strengths, Ghost Robotics and LIG Nex1 are well-positioned to lead the industry in delivering robust, versatile, and reliable robotic solutions.

ArktisUSA Launch Update

Sunday, July 28th, 2024

UK-brand Arktis has released this statement via social media regarding the planned launch of their US subsidiary.

Looks like October folks.