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Archive for the ‘Press Release’ Category

Direct Action Gear Product Video Release: Hurricane Chest Rig

Wednesday, November 30th, 2016

As its namesake was for the RAF during the Battle of Britain, the HURRICANE® chest rig is the workhorse of the DIRECT ACTION® line. The HURRICANE® is a split front, full size, hybrid chest rig with fixed, integral magazine pouches for maximum weight reduction. The HURRICANE® can be used in regular, stand-alone mode and can also be attached to our plate carrier with a separate attachment kit.

Specs:
• Proprietary laser-cut laminate, Cordura® 500D and softshell construction
• Integrated, adjustable magazine pouches, will fit: 8 x AR type, 4 x AK type or 4 x SR type magazines
• Fixed external pouches: two silent adjustable pouches, sealed zippered pouch and Velcro flap pouch for quick access items
• Flat inner pockets in each chest panel
• Low profile, adjustable harness with slots for PTT and additional accessories attachment
• Reinforced drag handle incorporated into harness design
• Body armor interface via buckles and additionally stabilized with Velcro adapters
• Antenna / cable routing loops
• 9 PALS slots on the sides for radio, medical or utility pockets, horizontal PALS slots under ammo pouches for tourniquets, pistol magazine pouches, etc.

The HURRICANE® Chest-Rig is in stock and available for online purchase in the US / North & South America at bit.ly/2fb9tF3 and in Europe / Rest-of-the-World at bit.ly/2gE0pZN.

The Hawker Hurricane was a single-seat fighter aircraft designed during the 1930s for the Royal Air Force (RAF). Largely overshadowed by the Supermarine Spitfire in the popular memory of the Battle of Britain, the Hurricane actually accounted for 60% of the RAF’s air victories in the battle.

Of all Hurricane squadrons in the RAF during the Battle of Britain, No. 303 (“Ko?ciuszko”) Polish Fighter Squadron was the highest scoring. During the duration of the Second World War, the RAF contained a total of 16 Polish fighter squadrons.

< Photo – Polish 303 Squadron pilots in front of one of the squadron’s Hurricanes during the Battle of Britain, summer 1940. >

Photos source: www.wikipedia.com

Cherokee Global Brands Announces Intent to Acquire Hi-Tec Sports International

Wednesday, November 30th, 2016

SHERMAN OAKS, Calif., Nov. 28, 2016 (GLOBE NEWSWIRE) — Cherokee Global Brands (NASDAQ:CHKE) (“Cherokee Global Brands”, “CGB” or “the Company”), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today announced that it intends to enter into a share purchase agreement to acquire Hi-Tec Sports International Holdings B.V. (“Hi-Tec”), a global footwear company.

Transaction Highlights:

-The Hi-Tec business to be converted to a branded licensing model, consistent with CGB’s strategy.
-CGB has secured license agreements for core footwear categories that will strengthen and expand our presence in the United Kingdom, Continental Europe, The United States, Canada and South Africa.
-Maintaining distribution agreements for core brands throughout the world including South and Central America and Asia.
-Expects to add approximately $19 million of licensing revenue and $7 million in Adjusted EBITDA during first full fiscal year post-closing.
-Adds significant, experienced growth-oriented wholesale operating partner licensees.
-Dramatically expands global retail base to over 110 countries.
-Offers attractive cross-selling opportunities between CGB and Hi-Tec brand portfolios, including rapid expansion into apparel accessories and outdoor products.

Founded in 1974 and based in the Netherlands, Hi-Tec is a privately-held branded footwear company that designs, markets and sells footwear globally, primarily under the Hi-Tec and Magnum brands. Hi-Tec’s brands are sold in over 110 countries, predominately in the United Kingdom, Continental Europe, the United States, Canada, South and Central America and Asia through major retailers, independent distributors, licensees and direct to consumers. In 2015, Hi-Tec recorded revenue of approximately $143 million (based on a 1.1 Euros to each U.S. dollar exchange rate, which represents the average exchange rate for calendar year 2015), on worldwide wholesale sales estimated by third-party research to be approximately $288 million, including products sold under the Hi-Tec and Magnum brands.

Upon closing of the transaction, Cherokee will sell substantially all assets related to Hi-Tec’s wholesale operations to new operating partners, the proceeds from which shall fund a portion of the Hi-Tec acquisition purchase price. Concurrently, the new operating partner licensees are entering into license agreements with Hi-Tec Sports International Holdings B.V., a wholly owned subsidiary of Cherokee Inc., pursuant to which each operating partner will pay Cherokee royalties for the future use of Hi-Tec intellectual property. The headquarters of Hi-Tec will remain in Amsterdam.

In view of the founder’s strong ties with Africa, the subsidiary Hi-Tec Sports South Africa has been purchased by Hi-Tec’s founder, Frank van Wezel himself. He has negotiated a license and distribution agreement with Cherokee which enables him to grow the company and its brands (such as Hi-Tec, Magnum, Carrick and Interceptor) strongly in that part of the world.

“The acquisition of the Hi-Tec and Magnum brands aligns with our strategic focus of diversifying and building upon our active lifestyle portfolio as we continue to grow our global footprint,” stated Henry Stupp, Chief Executive Officer of Cherokee Global Brands. “Hi-Tec’s high-equity brands will build upon our presence in the active, outdoor markets, and we are excited by the potential to further expand these brands into additional categories including apparel, accessories, wearables, outdoor products and more.”

Mr. Stupp continued, “Consistent with our business model and strategy, we will convert the Hi-Tec business to a branded licensing model. We look forward to maintaining and working alongside Hi-Tec’s exceptional leadership and product development team to identify and secure additional wholesale and retail licensing partners that will help commercialize the brands, and to continuing relationships with the well-established supply chain as it transitions to our new operating partner licensees.”

“Hi-Tec’s global customer base adds significant wholesale and retail opportunities that we expect will deliver compelling cross-selling opportunities between the CGB and Hi-Tec and
Magnum brand portfolios,” Stupp added.

Founder and Chairman, Frank van Wezel, of Hi-Tec Sports is delighted to make this announcement: “I believe the future of the Hi-Tec company is in good hands with Cherokee Global Brands. When I started the company in 1974, I could not have foreseen the global success of the company until this day. It has been a wonderful experience, and I am happy to remain with the new company as Chairman Emeritus and Ambassador for at least the next five years. It is now time to turn the management over to the capable management team led by my son, Ed.”

“This is an exciting time, and we are pleased to join Cherokee Global Brands,” stated Ed Van Wezel, CEO of Hi-Tec. “Cherokee Global Brands has built a compelling global platform, that combined with the new brand licensing model will allow us to adapt to the fast-changing retail and consumer environment, broaden the reach and offering of Hi-Tec’s core brands while we build upon our select distribution channels that have been established over the past 40 years. I look forward to working directly with Henry Stupp and the Cherokee Global Brand’s team. We look forward to making Hi-Tec’s products available to an even broader global customer base, as we expand our existing relationships through new product category introductions.”

Assuming the Hi-Tec acquisition is consummated, Cherokee expects Hi-Tec to contribute approximately $19 million of licensing revenue and $7 million in Adjusted EBITDA during the first full fiscal year after the closing of the acquisition.

Cherokee intends to fund the purchase price through cash on hand, proceeds from a new credit facility with Cerberus Business Finance, LLC (“Cerberus”), proceeds from the sale of assets, including to the new operating partner licensees, a receivables funding loan to be provided by its Chairman of the Board and the net proceeds from the proposed public offering of common stock as further detailed in the preliminary prospectus supplement filed by the Company on November 28, 2016.

The acquisition will be effected by a share purchase agreement under which Cherokee Global Brands will acquire all the issued and outstanding share capital of Hi-Tec Sports International Holdings B.V., for an aggregate cash purchase price of approximately $95.8 million on a cash-free debt-free basis, based on normalized working capital. Subject to post-closing adjustments, and after giving effect to the asset sales and the other transactions in this release, Cherokee expects that the purchase price for the Hi-Tec intellectual property assets to be retained by it will be approximately $62 million. The parties expect the transaction documents to become effective on November 29, 2016 and the transactions to close in the current fiscal quarter ending January 28, 2017.

NIBC Bank is acting as exclusive financial advisor to Hi-Tec, and Houthoff Buruma is acting as legal advisor to Hi-Tec. Houlihan Lokey and Symphony Investment Partners are acting as financial advisors to Cherokee, while Morrison & Foerster is acting as legal advisor.

(Source: phx.corporate-ir.net w/ H/T to Xiao)

G-Code Introduces the P-Series Interface System for G-Code Scorpion and Scorpion Softshell Magazine Pouches

Wednesday, November 30th, 2016

Jacksonville, North Carolina – November 29, 2017 G-Code introduces the P-Series* interface system for the G-Code Scorpion™ Softshell and Scorpion Hardshell line of magazine pouches.

p1_main

Specifically designed to molle into PALS webbing on body armor and “battle belts”, the P-1 Series is optimized for pistol Scorpion platforms whereas the R-1 Series is optimized for rifle pouches. The P-Series and R-Series interfaces allow for four carry height positions, and using a P-1 clip allows for a G-Code Scorpion Softshell pistol mag to be stacked on Scorpion Softshell rifle mag pouch.

p1_a06

The P-2 Series, like the R-2 Interfaces, were designed specifically for use with the G-Code Operator Belt (1.75”), keeping G-Code Scorpion Softshell and Scorpion pouches in place when an end user accesses a magazine, giving a smooth draw from the pouch. Finally, the new P-3 series is designed for use with double and triple layer shooting belts.

p1_a07

Both P-series and R-Series interfaces provide a solution for tool free installation and adjustment of G-Code Scorpion Pouches. The clips feature a locking collar that engages with a positive “click” and prevents unintended release/loss in the field.

p1_a03

Sold individually, including hardware, P-Series, R-Series and Scorpion Pouches are available right now on G-Code’s website.

Scorpion Softshell Series and Interfaces
www.tacticalholsters.com/category/Scorpion_Softshell

Scorpion Hardshell Series and Interfaces
www.tacticalholsters.com/category/Scorpion

* Patent Pending

SIG SAUER® Congratulates Tidewater Tactical on FBI Solicitation Win for Red Dot Sight

Tuesday, November 29th, 2016

SIG SAUER ROMEO4M™ to be issued by U.S. Federal Bureau of Investigation


Newington, N.H. (October 29, 2016) – SIG SAUER, Inc., would like to congratulate Tidewater Tactical on successfully procuring the U.S. Federal Bureau of Investigation (FBI) solicitation for red dot sights to be used on agency-issued patrol rifles. The contract was awarded via competitive bidding process. Tidewater Tactical will begin shipping the ROMEO4M™ to the FBI in government fiscal year 2017.

“This is a great win for Tidewater Tactical, and SIG SAUER is proud to have the ROMEO4M as a part of their win,” said Ron Cohen, President and CEO. “At SIG SAUER, we make our products to the highest standard because lives depend on it.”

The SIG SAUER ROMEO4M utilizes a proprietary ultra-efficient LED illumination system for superior daylight and nighttime visibility with extended run times. The compact red dot sight features multiple illumination settings and is programmed for 50,000 hours of normal use. This extended run time is made possible through the proprietary SIG SAUER Motion Activated Illumination System (MOTAC™). This unique system activates through motion-sensing technology, powering up illumination when the unit senses motion and powering down when the red-dot is not in use to extend battery life.

The extremely strong yet lightweight aircraft-grade CNC aluminum housing ensures a lifetime of reliable service. The ROMEO4M is rated IPX-8 waterproof (33 ft. for 30 minutes) and can be easily adjusted for both windage and elevation ranges. Additional features available on the ROMEO4M include a dual reticle option, allowing users to toggle between a 2 MOA red dot and a circle dot (2 MOA Circle-Dot/65 MOA). The ROMEO4M comes standard with a military-grade notch filter coating for reliable visibility in diverse environments.

For more information about Tidewater Tactical, visit tidewatertactical.com.

For more information and to see the entire lineup of SIG SAUER firearms, visit www.sigsauer.com.

We want to echo SIG’s congratulations to Tidewater Tactical for this win and the selection of the SIG ROMEO4M as the FBI’s new carbine optic. In addition to Bureau issue, the ROMEO4M is authorized for Agent purchase and use.

Revision and Kokam Formalize Strategic Partnership For Continued Lithium-Ion Innovation

Tuesday, November 29th, 2016

Ottawa, Canada (November 28, 2016) – Revision Military, a recognized innovator in power management and electronics solutions and platforms, has formalized a strategic partnership with leading South Korean lithium-ion cell manufacturing company, Kokam. Under this agreement, Revision and Kokam will build on their near-decade-long working relationship. Revision and Kokam will continue to collaborate on technologically progressive air and ground power platforms, and will incorporate cutting-edge chemistry technology into advanced energy solutions for military use.


Above: Revision’s Nerv Centr™ SWatPack™ Silent Watch Vehicle Battery enclosure—shown here in a Light Assault Vehicle configuration—is designed to be platform-specific.

Over the last decade, Revision has incorporated Kokam’s large form-factor lithium-ion cell technology in the design and development of high-end military power platforms. This has resulted in energy solutions that feature greater power performance, high energy density, high gravimetric and volumetric power density, longer cycle and calendar life, low impedance and heat generation, lightweight, low self-discharge rates, and extremely efficient heat dissipation. Revision has taken this excellent foundation and developed industry-accelerating power management solutions specifically engineered for use in rugged, remote, and extreme conditions. Together, Kokam and Revision have made significant progress in using lithium-ion technology to deliver operational effectiveness on the battlefield, and are solving power management issues that have plagued operators since electrical energy became a battlefield necessity.


Above: Revision’s Nerv Centr™ SWatPack™ Silent Watch Vehicle Battery (shown open) is modular, scalable, and features interoperable SWatPack units for reliable, redundant power backup.

“With two strong, innovative power management collaborators like Revision and Kokam working together, new and intelligent power solutions for operational survivability can be accomplished,” said Jonathan Blanshay, CEO, Revision. “In formalizing this strategic relationship, we can address our customers and their operational needs for an ever-more connected and electric battlefield. Kokam has a sterling reputation for providing battery solutions for a wide variety of military applications to leading international defense contractors and Ministries of Defense; this partnership reinforces Revision’s focus on the military power market, and reinforces the approach we have taken so far that has resulted in significant contracts. We’re excited to cultivate this partnership further, and to seize this opportunity to fuel continued growth, specifically for vehicular platform power innovation, as demand surges globally for reliable, lightweight, high-endurance electrical power solutions to meet battlefield needs. Together with Kokam, we will deliver warfighter power solutions with a lean logistical footprint and real operational benefit, thereby relegating back-breaking loads of batteries and inefficient vehicle systems to the past.”


Above: Individual Revision Nerv Centr™ SWatPack™ power units can be scaled up for any application.

Revision and Kokam will build on the past successes the two companies have had together. Kokam’s patented Z-folding manufacturing technique and advanced Lithium Polymer and thin film laminations will continue to feature in Revision’s operationally focused Nerv Centr™ energy solution programs for the foreseeable future. In formalizing this partnership, Revision and Kokam are mutually poised to expand market reach on a global scale in the constantly-evolving military power management industry.

ADM Introduces Deadbird Society Carbines And Receiver Sets To Raise Funds For SOC-F

Monday, November 28th, 2016

28NOV2016 – NEW BERLIN, WI – American Defense MFG has partnered with Special Operations Care Fund (SOC-F), a 501(c)3 non-profit, 100% volunteer, charitable organization that generates funds for the families of wounded or killed Special Operations Forces (SOF), and the Deadbird Society (DBS), a group of Arc’teryx enthusiasts, to release a custom American Defense MFG UIC MOD 2, in order to raise over 65,000.00 for SOC-F. This limited release will consist of 50 rifles and 50 receiver set/rail combos in grey. Each receiver has the SOC-F and DBS logos meticulously milled into it along with exclusive serial numbers. ADM MFG will donate 500.00 for every rifle and 300.00 for every upper/lower/rail set sold.

Rifle Specs ADM UIC MOD2:
• 14.5 Criterion Barrel 1/8 .223 Wylde Chamber
• Battle Comp 1.5 Pin & Welded
• American Defense MFG Billet Upper Receiver with 13.5 MLOK Rail
• American Defense MFG Completely Ambidextrous Billet Lower Receiver
• American Defense MFG 13.5 MLOK rail
• Radian Talon Ambidextrous Safety
• Bravo Company USA MOD 4 Ambidextrous Charging Handle
• Geissele G2S Trigger

Included Accessories:
• Magpul PMag
• MagPod
• Raven Concealment Top Stop
• Magpul MBus PRO flip up sight set
• Arc’teryx Rho Beanie with matching serial number embroidered
• Deadbird Society Limited Edition Patch by Spartan Village with matching serial number laser cut

PURCHASE HERE

Upper / Lower / Rail Set Specs:
• American Defense MFG Billet Upper Receiver – Forward assist and ejection port door installed
• American Defense MFG 13.5 MLOK Rail with appropriate hardware
• American Defense MFG Completely Ambidextrous Billet Lower Receiver – ambidextrous controls (installed) and takedown pins
• Arc’teryx Rho Beanie with matching serial number embroidered
• Deadbird Society Limited Edition Patch by Spartan Village with matching serial number laser cut

PURCHASE HERE

Fine Print:
This rifle IS NOT California compliant. It is American compliant. Please know your local, State, and Federal laws before purchasing. Serial numbers cannot be reserved. They are by assigned by order number received. Please do not call and ask which number you received, as the order number does not correspond with the serial number. Receiver sets are eligible to be transferred as incomplete firearms. These items will ship by 20DEC2016. You must supply a valid FFL with your order number to sales@admmfg.com.

Dealer inquires: Dealers@admmfg.com
All photos were graciously provided by Richard King Photography.

US Army Develops Wool-Centric FR Fabric

Monday, November 28th, 2016

Last week, the US Army released a story about a new FR fabric they’ve developed. This is great news. I love to see new materials developed. I also share Army Textile Technologist Carole Winterhalter’s and others’ enthusiasm for the reintroduction of wool into US military uniforms. There are only good things to say about wool, particularly the wool sourced from Rambouillet sheep, which rivals New Zealand’s famed Merino wool. I think it’s going to happen eventually, as well. However, there are a couple of things I want to point out about the article.

First off, the article states that the goal of the development of this new fabric blend is to create a flame-resistant combat uniform made wholly from domestic material, but that’s already been done, by multiple vendors. Although, US Army and Marine Corps FR combat uniforms are made of Tencate’s Defender M, which is milled from a blend of materials that incorporates Austrian Lenzig FR Rayon fibers, a fiber requiring a Berry waiver, there are many domestic FR fabrics. Rather, the goal here, seems to be to figure out ways to use wool, and in particular, wool blends.

Additionally, the US herd of sheep is currently insufficient to support a major DoD procurement. Currently, SOF is way out front of the services on this, and the industry is working hard to support their limited requirements while continuing to sustain its existing commercial business.

Finally, the article seems to overstate the Army’s role in the introduction of our domestic Superwash facility. To be sure, they supported the effort, but it has not sat fallow, awaiting an Army requirement. To the contrary; it is a fully viable commercial entity, currently supporting such brands as Duckworth, Farm to Feet, Point6, XGO and others.

Having said all of that, I urge them to keep up the good work. Wool is awesome and it’s unfortunate the domestic wool industry is currently so limited. Show the ranchers there’s a viable requirement, and they’ll grow to meet it.


Photo: Pvt. Antwan Williams, an Infantryman serving as a Human Research Volunteer Soldier at the U.S. Army Natick Soldier Research, Development and Engineering Center, models a prototype uniform developed by NSRDEC’s textile technologists. He is also wearing a MOLLE Medium Pack System and a conceptual load carriage vest system called the Airborne Tactical Assault Panel that is designed specifically for Airborne operations but will also be evaluated for non-Airborne operations, including jungle environments. (Photo Credit: Jeff Sisto, NSRDEC Public Affairs)

Some of you are going to ask about the chest rig in the photo, called the Airborne Tactical Assault Panel. Yes, that’s Tubes which FirstSpear provided to the Army Experimental Load Carrying Facility. I’ve seen prototypes of this design going back several years and Tubes makes a great, low profile, front closure. Hopefully, we’ll see this adopted.

ABERDEEN PROVING GROUND, Md. — U.S. Army researchers who are developing a wool-based fabric blend are aiming to improve combat uniforms while also boosting U.S. manufacturing jobs.

The Army has developed a fabric composed of 50 percent wool, 42 percent Nomex, 5 percent Kevlar and 3 percent P140 antistatic fiber. The goal is to create a flame-resistant combat uniform made wholly from domestic materials, said Carole Winterhalter, a textile technologist with the Army Natick Soldier Research, Development and Engineering Center.

“We have a lightweight fabric that is inherently flame resistant. No topical treatments are added to provide [flame resistance],” Winterhalter said. “We are introducing a very environmentally friendly and sustainable fiber to the combat uniform system.

To test prototype uniforms made with the fabric, three Army researchers traveled to Germany in August for Exercise Combined Resolve VII, where they worked with about 100 Soldiers. The exercise drew about 3,500 participants from NATO allies to the region.

There, the researchers joined John Riedener, the field assistance in science and technology advisor assigned to 7th Army Training Command. FAST advisors are a component of the U.S. Army Research, Development and Engineering Command.

“We were in the heat of summer here, and it was very warm during the exercise,” Riedener remembered. “The uniforms were lighter weight and breathed better. Soldiers were very happy with the material.”

Soldiers from 1st Armored Brigade Combat Team, 3rd Infantry Division participated in the 21-day testing and completed surveys before and after the exercise, said Brian Scott, NSRDEC equipment specialist, Soldier and Squad Optimization and Integration Team. The R&D team selected Hohenfels, Germany, because the evaluation of a fire-resistant wool undergarment also took place there. 

During testing, each Soldier received three prototype uniforms. Each was made from the same wool-based blend. One was “garment treated” with permethrin, an insecticide, and another was “fabric treated” with permethrin. The third was untreated. 

The Soldiers, who came from a variety of military occupational specialties, wore each of the three uniforms for about seven days in a field environment for a total of 21 days. The testing and survey instructions asked Soldiers not to compare the prototypes with existing uniforms or camouflage patterns.

Their feedback regarding comfort, durability, laundering and shrinkage, insect resistance, and overall performance will help determine whether researchers will continue the development effort, Winterhalter said.

Initial results suggest the majority of the Soldiers liked the fabric because it was lightweight and breathable; however, analysis of the survey data has yet to be completed, said Shalli Sherman, NSRDEC program manager for the Office of Synchronization and Integration.

Winterhalter is optimistic about the prospect of a wool blend being incorporated into combat uniforms because of its environmental, manufacturing and economic benefits. She said the United States has about 80,000 wool growers, and the Army would like to include the material in the clothing system.

“Wool is 100 percent biodegradable. It’s easy to dye and absorbs moisture,” said Winterhalter, who also serves as the federal government’s chief technology officer for the Advanced Functional Fabrics of America Manufacturing Innovation Institute.

“The Army has spent quite a bit of time and money to reintroduce a manufacturing process in this country called Super Wash that allows us to shrink-resist treat the wool. … When blended with other fibers, the fabric does not shrink excessively when washed.”

The new Super Wash process makes wool viable for combat clothing in nearly any application, including jackets, pants, underwear, headwear, gloves and socks, Winterhalter said.

NSRDEC researchers are planning for a larger field study with more users over a longer time period of time, possibly 30 days. More data on comfort and durability will be needed for the Army to move forward, Winterhalter said.

SIG SAUER Announces New Website

Thursday, November 24th, 2016

sig-sauer

Newington, NH (November 23, 2016) – SIG SAUER, Inc. announces the launch of its new world-class website, sigsauer.com. Though SIG’s online presence is not new, this newest site was built from the ground up with a significantly improved user experience, expanded product information, and an exciting new look that reflects the company’s identity as a complete systems provider.

The site has been reorganized in its design to provide easy navigation for all users, whether searching for detailed product information and specs or shopping for specific items. To accommodate its diverse user base, an additional navigation tool is available which allows users to view products according to their intended ‘Usage’ categories; Sport Shooter, Personal Defense, or Armed Professional.

“This robust new website aligns our digital presence and ecommerce platform with the high quality of our products and our brand,” says Tom Taylor, Chief Marketing Officer & Executive Vice President, Commercial Sales. “It provides all of our users a place to go to learn about our complete systems offerings and to shop for all of the products sold by SIG SAUER. The site will provide us with a dynamic foundation to continue to showcase our extensive product offerings and be a place where we can connect and interact with our consumers.”

The new website is part of the continuing strategy to position SIG SAUER as a world-class brand. The products, information, and content will continue to evolve as the company grows the product categories and the business as a whole, so that visitors of the site will continue to be engaged and have reasons to visit frequently.

sigsauer.com