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Archive for the ‘Press Release’ Category

Bass Pro Shops Buys Cabela’s

Thursday, October 6th, 2016

Legendary Outdoor Brands Bass Pro Shops and Cabela’s to Combine

Merger Will Enhance Ability to Serve Outdoor Enthusiasts with Complementary Product Offerings and Geographic Footprints

Cabela’s Shareholders Will Receive $65.50 Per Share in Cash

Bass Pro Shops Entering into Multi-Year Credit Card Partnership with Capital One

Bass Pro Shops and Cabela’s Club Customer Loyalty Programs Remain Unchanged

SPRINGFIELD, Mo. & SIDNEY, Neb. – Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies with similar humble origins, and with a shared goal to better serve those who love the outdoors, today announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.

In addition, upon closing Bass Pro Shops will commence a multi-year partnership agreement with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation (NYSE: COF), under which Capital One will originate and service the Cabela’s CLUB, Cabela’s co-branded credit card, and Bass Pro Shops will maintain a seamless integration between the credit card program and the combined companies’ retail operations and deep customer relationships. All Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their credit cards as they were prior to the transaction. Capital One intends to continue to operate the Cabela’s CLUB servicing center in Lincoln, Nebraska.

A driving force behind this agreement is the highly complementary business philosophies, product offerings, expertise and geographic footprints of the two businesses. The essence of both Bass Pro Shops and Cabela’s is a deep passion to serve outdoor enthusiasts and support conservation. The combination brings together three of the nation’s premier sporting brands: Cabela’s, a leader in hunting; Bass Pro Shops, a leader in fishing; and White River Marine Group, a worldwide leader in boating, which is part of Bass Pro Shops.

Bass Pro Shops, Cabela’s and White River Marine Group represent the best of American entrepreneurship, innovation and devotion to customers. The combined companies will strive to provide a remarkably enhanced experience for customers, increased opportunities for team members and greater support for conservation activities.

Introducing New A-TACS LE-X

Thursday, October 6th, 2016

Last year A-TACS Camo introduced its A-TACS iX (Intermediate Xtreme) pattern as the central pattern in their “X” camo lineup. Later, they followed with the introduction of A-TACS AT-X, (Arctic Tundra Xtreme) which was quickly adopted by the Norwegian Special Forces. Now Digital Concealment Systems is releasing a new and enhanced version of their original Law Enforcement Pattern called A-TACS LE-X (Law Enforcement Xtreme).

Like the original A-TACS LE pattern, the new LE-X variant was developed primarily for use by Urban and Metropolitan SRT teams conducting low-light operations. The pattern is also suited to a wide range of other tactical military and law enforcement applications.

The Black, blue and grey coloration in A-TACS LE-X also works well with the black nylon gear utilized by many SRT personnel, which allows for easier integration into service.

In the coming weeks and months, new A-TACS LE-X will be introduced on a wide range of uniform and nylon gear options by a CORE group of A-TACS Camo brand partners including TRU-SPEC, Tactical Tailor, OPS Gear, Tactical Performance Corp. and others. Press releases and availability dates on specific product offerings will be forthcoming. For additional information, contact A-TACS Camo by e-mail at: info@a-tacs.com

Mustang Survival Debuts First U.S. Coast Guard-Approved Racing Personal Flotation Device

Thursday, October 6th, 2016

The new EP38 Inflatable PFD will be on display at the Annapolis Boat Show

Bellingham, WA – Mustang Survival, the North American manufacturer of innovative solutions for the most demanding marine environments, proudly unveils the all new EP38 Inflatable PFD at this week’s Annapolis Boat Show (Booth B57). As the only U.S. Coast Guard-approved race-compliant PFD, the EP38 Inflatable is the latest addition to Mustang Survival’s EP Ocean Racing Series.

With M.I.T. Membrane Inflatable Technology™ materials inside, the innovative construction of the EP38 Inflatable PFD makes it better-fitting, incredibly pliable and easier to repack. The low profile back-of-neck, vest-style design and improved weight balance, combine to remove pressure from the back of the neck – a chief complaint of the traditional horseshoe PFD design.

“With fifty years of experience engineering products for the most demanding users, Mustang Survival continues to innovate and bring gear that delivers the ultimate experience on the water,” states Jason Leggatt, vice president and general manager for Mustang Survival. “The feedback from the elite sailors who have been wearing the new EP38 has been overwhelmingly positive. Comments about its lightweight feel and ease-of-donning, thanks to the two side adjusters, means the crew can easily get on deck in a hurry in case of an emergency. It’s being called a ‘game changer’.”

Features of the EP38 Inflatable PFD (MSRP: $350):

· Hydrostatic Inflator Technology (HIT™) will only inflate when submerged and not in rain, spray or high humidity

· 360° Motion – low profile chassis designed for maximum range of motion during high output grinding and sail changes

· Membrane Inflatable Technology™ materials inside reduces weight and increases flexibility

· Back mounted storable spray hood

· Internal storage for AIS, PLBs, strobes and other electronics

· Integrated sailing harness with soft tie-in

· Removable crotch straps

· Marine grade retro-reflective materials

· Marine grade whistle

· Lifting loop

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Designed for the most serious ocean racers, EP Ocean Racing Series apparel utilizes military grade fabrics that are being offered to consumers for the very first time and are built to withstand the most demanding conditions. Available now, the EP Ocean Racing Collection, including the new EP38 Inflatable PFD, can be found at specialty retailers in North America. Visit www.mustangsurvival.com/epoceanracing for more information.

KDH Defense Systems Chooses Honeywell Materials For Products Designed For US Military Protection System

Wednesday, October 5th, 2016

Spectra Shield® and Gold Shield® help military achieve goals for reducing soldiers’ body armor weight

MORRIS PLAINS, N.J., Oct. 4, 2016 /PRNewswire/ — Honeywell (NYSE: HON) announced today that KDH Defense Systems will use Spectra Shield® and Gold Shield® ballistic composite materials to create new soft armor vest systems as part of the U.S. Army’s next-generation Soldier Protection System (SPS).

Reducing body armor weight is a key goal for the Army. The SPS is a modular, scalable and tailorable system designed to provide an overall weight reduction of 10 percent. It is comprised of five subsystems, one of which is the Torso and Extremity Protection (TEP) subsystem that aims to achieve a 26 percent weight reduction. KDH Defense Systems will incorporate Spectra Shield and Gold Shield with its own ballistic designs to produce several TEP products.

“The key to reducing body armor weight is combining state-of-the-art ballistic designs like KDH Modular Scalable Vests with next-generation materials like Honeywell Shield,” said Dave Herbener, president and CEO, KDH Defense Systems. “We are committed to leveraging the most innovative technologies to help protect the brave men and women serving in the U.S. military.”

Short Bark Industries is also using Spectra Shield to create Ballistic Combat Shirts (BCS) for the SPS TEP system. The company specializes in soft armor, tactical wear, gear and accessories for the military, governmental agencies and law enforcement.

“Honeywell Spectra Shield is a key material to create armor that meets the military’s rigorous requirements for weight, mobility, flexibility and protection,” said Lisa Held Janke, president and CEO, Short Bark Industries, LLC. “Our team works tirelessly to develop solutions that help protect soldiers from the ballistic threats they face in combat.”

Armor made with Honeywell’s Spectra Shield and Gold Shield products were chosen by soldiers after a U.S. Military Human Factors Evaluation. These armor systems demonstrated improved mobility and flexibility, in addition to reduced weight, compared to systems predominantly made with woven aramid.

“The next generation of soft body armor uses Spectra fiber instead of aramid fiber for optimal performance and protection,” said Lin Murray, armor program manager for military and law enforcement at Honeywell Packaging and Composites. “Our collaboration with innovative companies like KDH Defense Systems and Short Bark Industries ensures that the U.S. military and law enforcement have the most advanced ballistic protection available.”

Spectra Shield technology is a patented Honeywell process designed to optimize the ballistic performance characteristics of Spectra fibers. Spectra Shield and Gold Shield products have been widely adopted and proven for the most advanced armor applications globally, from bullet-resistant vests, breast plates and helmets to combat vehicles and military aircraft—all of which require lightweight solutions and superior performance.

Honeywell maintains an active Spectra fiber and ballistic materials research program focused on continuous improvement and development of high-performance materials. For more information, visit www.honeywell-spectra.com.

Shield Sights Announces Full Production of RMS (Mini Reflex Sight)

Wednesday, October 5th, 2016

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Dorset, England – October 5th, 2016 – Shield Sights is pleased to announce the RMS (Reflex Mini Sight) has now entered full production and has begun shipping to customers around the world.

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The Shield RMS is next evolution in mini red dots. Small enough to fit discreetly on any pistol, rifle, or shotgun. The RMS is tough enough to withstand the harshest recoil and light enough that you won’t even feel it’s there. Its light weight and rugged construction combined with its, low profile design makes the RMS an ideal optic for any custom pistol build. The RMS coupled with our matching low profile Glock MOS plate, the RMS sits low enough to co-witness your standard height sights without the need for elevated suppressor sights.

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“The RMS is an update to a modern classic.” said James White. “For 20 years we have been building the world’s smallest mini red dot sights some of which you may know as the SMS, J-Point, Trijicon Red-dot, and others.”

Features:
-Machined from strong, aerospace grade aluminium
-Very fast automatic brightness adjustment to adapt to your environment
-Quick release side accessible battery drawer
-Very low profile

www.shieldpsd.com

Airborne Systems Releases the Hi-5

Tuesday, October 4th, 2016

PENNSAUKEN, NJ October 3rd, 2016: Airborne Systems North America proudly presents the Hi-5® as the latest addition to our line of High Performance Ram Air Parachutes. The Hi-5® is truly unique among military parachutes, demonstrating exceptional ram air glide performance while allowing glide modulation to descend quickly and land accurately. The Hi-5® has a remarkable 5.5:1 glide ratio and can transition to a 1:1 glide ratio with a simple control input using the Glide Modulation System. Unlike other methods of angle control, such as front riser trim tabs, Airborne Systems Glide Modulation System does not increase the total speed of the canopy, providing a safe transition at any altitude. This eliminates the need for multiple spirals or S-turns at low altitude, and allows for extremely accurate landings using safe straight-in approaches. The jumper is in total control of where they are and when they arrive on target. This groundbreaking technology is exclusive to Airborne Systems Hi-5®.

In addition to the leap forward in glide ratio technology, the Hi-5® is also easy to maintain and handle for a jumper, and very intuitive to pack for a rigger. The Hi-5® bridges the gap between the Intruder®/RA-1 and our Hi-Glide parachutes, providing a wing with a high glide, accurate landings, and the ability to descend into tight areas safely.

To learn more about this new product, visit http://airborne-sys.com/.

British based D3O expands US footprint with Berry compliant manufacturing capabilities

Tuesday, October 4th, 2016
  • UK based impact protection company enters into long-term strategic partnerships with Vibram, Schutt Sports to produce helmet pads for US warfighters
  • UK company establishes US legal entity D3O LLC headquarters in Detroit
  • Monday 3rd October 2016: Detroit, USA:

    D3O, the UK-based impact protection company, enters into long-term strategic partnerships with Schutt Sports, a leader in the sports helmet and protective accessories market, and Vibram USA, a well-established supplier of boot outsoles and midsoles for the US Department of Defense, to provide Berry-compliant production of the D3O® TRUST helmet pads for combat helmets as the company expands its capabilities and distribution in North America.

    D3O uses unique patented and proprietary technologies to make rate-sensitive, soft, flexible and distinctive orange-colored materials with high shock absorbing properties that are used in a wide range of impact protection products. The technology addresses a range of markets including electronics, sports, industrial workwear, motorcycle and military protection. In its raw form, the technology is soft when handled slowly but stiffens immediately when hit, making it an ideal component in high impact applications like protective base layers in football, baseball and skiing and strengthening athletic gear like tennis rackets and soccer balls. The patented technology is already used by customers including sports brands Schutt Sports and Under Armour, and in non-sports applications like industrial workwear and defense.

    The new Berry manufacturing agreement with Schutt and Vibram, each bringing expertise in the integration of impact protection technology into hard goods like helmet and individual accessories, will further enhance the company’s capabilities to deliver high performance impact protection and shock absorbing solutions to both US warfighters and our US partners alike.

    Schutt Sports is one of the leading manufacturers of protective equipment worldwide and a long-standing D3O partner with an innovative range of helmets for Baseball, Football and Lacrosse featuring D3O® technology. This further collaboration to develop Berry compliant helmet liners for soldiers strengthens both companies’ position to deliver unmatched innovation and reduce the risk of impact-related injuries for athletes and soldiers alike. Schutt Sports, based in Illinois, has three manufacturing facilities including Salem, Litchfield and Easton, Pennsylvania, providing jobs for a total of 600 employees.

    Vibram USA, located in North Brookfield MA with 325 employees is the long-trusted innovator and supplier of outsoles and midsoles for a wide variety of boot and shoe applications across the military and commercial sectors.

    The three companies will work together to manufacture the D3O® TRUST helmet pads. The liner system has been shown to provide a combination of industry-leading impact deceleration, a key factor in reducing exposure to traumatic brain injuries, combined with enhanced comfort. The D3O® TRUST seven-pad system has been adopted by leading helmet manufacturers 3M Ceradyne and Morgan, as well as several other specialty suppliers to the Law Enforcement / Tactical market in both the US and Europe.

    Robert Erb, CEO Schutt Sports comments;
    “We’re one of the world’s leading manufacturers of protective sports equipment and there’s a reason we use D3O in many of our products: their materials and technology are world class. We’re excited about helping them bring that technology and protection to one of our country’s most important groups of people – the men and women who serve in the military and place their lives on the line every day.”

    Mike Gionfriddo, CEO Vibram USA comments;
    “Developing the D3O relationship has allowed Vibram to increase new opportunities with performance products utilizing D3O’s advanced shock absorbing materials.  After celebrating 100 years of operations, Vibram continues to focus on innovation and product development as the foundation for future growth.”

    Bill VanMullekom, SVP D3O LLC says;
    “The collaboration with notable industry experts, Schutt Sports and Vibram, further strengthens D3O’s product offering and manufacturing capabilities and marks our ongoing commitment to providing the most advanced impact protection solutions to the US defense market.”

    D3O is a portfolio company of the U.S. growth capital firm Beringea. Over 90% of the company’s revenues are export, with 60% of sales in the US, for which the company received a Queen’s Award for Enterprise for International Trade in 2014. The establishment of a US Legal Entity, D3O LLC, which is headquartered in Detroit, underscores its continued growth in the US, a long-term commitment to servicing the US DoD space and providing world-beating protection to warfighters.

    The company has expanded its portfolio of materials from one formulation in 2010 to over 25 materials today. Most recently, D3O® technology has been used to develop a range of performance sports insoles with partner brand ENERTOR, worn and endorsed by Usain Bolt, offering 44% shock absorption to reduce injury when running.

    D3O also announced a long-term strategic partnership with DuPont to co-develop a new material which will target the industrial, workwear and electronics’ markets. The material, D3O® powered by DuPontTM Hytrel®, incorporates both smart and durable material properties and further expands D3O® thermoplastics capabilities.

    www.d3o.com

    Serket And Source One Tactical Join Forces

    Monday, October 3rd, 2016

    Denver, October 1, 2016 — Serket and Source One Tactical announced today they have finalized an agreement to join forces, and as a part of the transaction will re?brand Source One Tactical under the Serket name. The terms of the deal were not disclosed, and the transaction is anticipated to be complete by the end of the year.

    The principals of the companies have worked collaboratively on a number of very successful projects over the last ten years and share values and a business ethos that emphasizes a customer centric approach. “The merger enables the combined entity to more effectively leverage the individual talents of the respective teams and makes tremendous sense for both businesses” said Trey Harris, President of Serket. “The unification of the companies will further enhance our innovation capabilities and customer responsiveness.”

    The new entity (Serket) will maintain facilities in Denver, Colorado and Palm Beach County, Florida. Trey Harris will continue to serve as President and run the day to day operations of Serket. Jeff Henkemeyer of Source One Tactical will assume the role of Director, Business Development. Randy Webb will lead the team as Chief Executive Officer.

    For more information on Serket’s line of innovative apparel and snow mobility systems, visit www.SerketUSA.com