In a roundabout way, Bravo Company Manufacturing announced a new compensator today in a video featuring their weapons. You can only see a glimpse in a few frames.
Archive for the ‘Industry’ Category
BCM Announces Compensator
Monday, April 30th, 2012MoH Warfighter – US Optics
Sunday, April 29th, 2012Each week, Electronic Arts, the developers of the hit video series Medal of Honor, releases a new blog post and video on one of the companies that helped them add realism to their latest title, MoH Warfighter. This week it is US Optics. Even if you aren’t a gamer, you may find it interesting how the tactical industry is influencing other portions of our society.
Cameron Grantham now Benchmade’s Int’l Manager
Saturday, April 28th, 2012Cameron Grantham has been appointed to International Business Development Manager for Benchmade Knives. Formerly
the law enforcement and military sales manager, Mr. Grantham is a former law enforcement officer who held both patrol and tactical assignments with a large municipal police agency in the Pacific NW. Cameron’s primary focus will be on driving both international commercial sales as well as international law enforcement and military sales. Current international sales coordinator Likija Stjepanovic will continue in her role as an international sales coordinator.
Prior to joining the team at Benchmade Cameron worked and established an excellent reputation in the industry in the military and law enforcement/tactical divisions at Danner/LaCrosse Footwear and Leupold & Stevens Inc.
Doug Pettis, Director of Sales at Benchmade Knives, advises, “We continue to see significant potential to grow Benchmade’s portfolio of brands on a global level and I am confident that Cameron will help us realize our full international growth potential.”
Plans about if or how Benchmade intends to backfill Cameron’s shoes are not yet announced. In the meantime questions can still be directed at fedgov(at)benchmade.com.
Congratulations to Mr. Grantham on his new position.
Benchmade Knives on the web at http://www.benchmade.com/ or on Facebook, https://www.facebook.com/Benchmade.
DR
KC Eusebio Joins Team GLOCK
Thursday, April 26th, 2012
Army Marksmanship Unit Veteran KC Eusebio will join Tori Nonaka as a member of Team GLOCK, GLOCK’s competitive shooting team. Eusebio is a three-time World Speed Shooting Champion and will also serve as a training instructor at GLOCK, Inc. He grew up shooting and was introduced to the pastime by his father. By the age of 12 he was, and remains, the youngest competitor in the world to earn the ranking as a Grand Master class shooter. At 15, he became the youngest shooter to win a world championship at the prestigious World Speed Shooting Championships Steel Challenge. One of eight competitors ever to earn the USPSA Open National Title, Eusebio also boasts three Steel National Titles.
Boyt Harness teams up with SHE Outdoor Apparel
Wednesday, April 25th, 2012
Louise Shockey in SHE Outdoor apparel, somewhere in South Africa
Tony Caligiuri, president of Boyt Harness, said in a press release that they “…have been successful with our multi-branding efforts by focusing each brand into a particular product niche and being careful to let each brand stand on their own and not cross products from one brand to another. SHE fits this branding philosophy very well and allows us to provide a more complete, well rounded hunting and shooting clothing line for women hunters and shooters.”
CEO Brian Zaitz of SHE Outdoor Apparel says, “One of our key strengths has always been our ability and focus to design functional and attractive apparel specifically fitting women who enjoy the outdoors…
Boyt will be the manufacturer of SHE Outdoor Apparel’s Safari, Shooting and Upland collections, and will also be the exclusive distributor. SHE will remain responsible for innovation, design, research and marketing.
More information at www.shesafari.com and www.boytharness.com.
The Boyt Harness Company (which has been around since 1901) has just advised they’re joining up with SHE Outdoor Apparel. Boyt makes gun cases, outdoor apparel and related kit under the brands Boyt, Bob Allen, Mud River, Secure Vault and Rattlers. SHE Outdoor Apparel is a Texas-based company that produce women’s outdoor “camouflage, shooting and adventure” clothing.
Tony Caligiuri, president of Boyt Harness, said in a press release that they “…have been successful with our multi-branding efforts by focusing each brand into a particular product niche and being careful to let each brand stand on their own and not cross products from one brand to another. SHE fits this branding philosophy very well and allows us to provide a more complete, well rounded hunting and shooting clothing line for women hunters and shooters.”
CEO Brian Zaitz of SHE Outdoor Apparel say, “One of our key strengths has always been our ability and focus to design functional and attractive apparel specifically fitting women who enjoy the outdoors…”
Boyt will be the manufacturer of SHE Outdoor Apparel’s Safari, Shooting and Upland collections, and will also be the exclusive distributor. SHE will remain responsible for innovation, design, research and marketing.
More information at www.shesafari.com
-DR
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.
MATBOCK Takes the Moral High Ground
Wednesday, April 25th, 2012
MATBOCK’s Backhand GPS carrier
Yesterday, something rare happened on SSD. A small manufacturer named MATBOCK LLC released the Backhand GPS carrier. A couple of readers recognized the item as a copy of the LBT GPS Palm Pouch.
LBT GPS Palm Pouch
Within hours, MATBOCK removed the item from their website, refunded those who had ordered the product and posted this statement in the discussion area of our website:
“Gentlemen,
Thank you for coming forward and pointing this out. We at MATBOCK sincerely apologize for this situation. Our goal is to develop innovative gear and get it to the operators who need it. We had heard a piece of equipment like this existed but could turn up no evidence of it during a search before pushing forward to build it ourselves. As of today, we will no longer be producing or selling this product and will direct any attention for it over to LBT. Our sincerest apologies.
MATBOCK LLC”
With that statement they took the moral high ground and set the bar pretty high. I’ve spent some time with the MATBOCK guys and I can tell you that they are very aware that the most important thing they have is their reputation. They could have gone ahead and built that product since in reality, it is a modification of an altimeter wrist carrier for skydiving. But they didn’t. They want to concentrate on products that nobody else builds.
I spoke with them after they made their decision and discussed the idea that it might be difficult to build products in the future based on this position. They understand and stand by their decision. I hope for their sake, that others play by their rules.
I have to say, that while I’m no fan of copying, having several companies build similar products is healthy for the market and great for the consumer. A little competition drives innovation, ensures quality and helps control prices. It’s important that my readers know that LBT didn’t let out a peep about this. They didn’t say word one about the MATBOCK product.
In the end, I wonder if the readers who said it was a copy knew that there were altimeter carriers that pre-dated both pouches. And I wonder if they knew that these have built in rigger sheds for years. I’m guessing they didn’t. If they did, they probably wouldn’t have said anything.
It’s a tough time to be starting out in the tactical business but I think these guys are going to make it. They’ve got a great attitude and while their product line is small, they deserve your business if their wares meet your needs.
Remington Speaks Out on US Army M4 Carbine Award
Tuesday, April 24th, 2012Remington issued this statement earlier today regarding their recent award for 24,000 M4A1 carbines by the US Army.
4/24/2012 MADISON, NC – Remington Arms Company, LLC (“Remington”), a member of the Freedom Group family of companies, is pleased to announce the award of an indefinite delivery/indefinite quantity contract for the procurement of a maximum of 120,000 M4/M4A1 carbines by the US Army Contracting Command in Warren, Michigan, on Friday, April 20, 2012.
“It is a great honor to be awarded this contract from the United States Army,” said John Day, Vice President, Remington Defense Division, former Marine, and Iraq War Veteran. “Our workforce is extremely proud to be adding this combat-proven carbine to the Remington Defense family alongside our combat-proven sniper rifles, suppressors and shotguns. We will produce these carbines with the same diligence, attention to detail, and quality that snipers and shooters worldwide expect from Remington.”
The M4 and M4A1 carbines are the US Army’s primary individual combat weapons and will be produced by Remington to the US Army’s M4 technical data package. The Army has initially ordered 24,000 M4A1 carbines from Remington; deliveries will start in September, 2013.
“The innovation, quality and reliability of Remington rifles have made our company a leader in defense markets around the world,” said General Michael W. Hagee (USMC, Ret.), a Remington Arms board member and former Commandant of the Marine Corps.
“The chance to expand our strong military and defense presence producing M4s for the U.S. Army is a great opportunity,” added General George Joulwan (US Army, Ret.), also a Remington board member and former Supreme Allied Commander of Europe and head of NATO Forces. “We are proud and honored to serve those who serve all of us.”
Remington, in operation since 1816, is one of the oldest continuously operating manufacturers in the country. The M4 and M4A1 carbines will be produced at Remington’s core rifle manufacturing facility in Ilion, New York.
George Kollitides, Chairman and Chief Executive Officer of Freedom Group and Remington Arms, noted, “Over the past four years, we have made a substantial investment in Remington’s ability to compete in the government small arms space by modernizing our production facilities, focusing our research and development on end-user requirements, and ensuring consistent and repeatable quality in a high volume, high mix manufacturing environment. We see this award as proof that an American manufacturing company can still expand its product offerings and compete in this modern age to provide best in class weaponry to our troops defending freedom around the globe.”
