TYR Tactical

Archive for the ‘Press Release’ Category

Smith & Wesson Brands, Inc. Announces Intent to Divest Thompson/Center Arms Brand

Tuesday, May 4th, 2021

SPRINGFIELD, Mass., May 3, 2021 — Smith & Wesson Brands, Inc. (NASDAQ Global Select Market: SWBI), a leader in firearm manufacturing and design, today announced that it plans to divest its Thompson/Center Arms brand. This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.

Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc., said, “Thompson/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson/Center Arms’ loyal consumers should rest assured that they will continue to receive the world-class firearms, accessories, and customer service support that the brand has been known for since its founding in 1965.  We remain fully committed to the hunting and long-range shooting market, and with this divestiture we will be able to now focus on these categories under our iconic Smith & Wesson brand.  Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share while simultaneously increasing profitability.”

At this time, a buyer for the Thompson/Center Arms brand has not been identified; however, the divestiture is not expected to have a material financial impact on the Company’s first quarter fiscal year 2022 results and the Company expects the divestiture to be accretive to the Company’s full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs. The Company states that this decision will not result in a workforce reduction as its flexible manufacturing model allows it to repurpose capacity immediately to other areas without a headcount reduction.

Interested parties should contact the Company via email at investorrelations@smith-wesson.com or by calling 413-747-3448.

XS Sights Announces Staff Promotions

Monday, May 3rd, 2021

Fort Worth, TX (April 27, 2021) – XS® Sights is pleased to announce the promotions of Zack Kinsley to Vice President of Business Development and Addison Monroe to Marketing Manager.

 

As Vice President of Business Development, Kinsley is responsible for creating and implementing plans to increase existing business and for developing new business opportunities to grow market share and brand awareness. He will track new markets and emerging trends, spearhead strategy on new products and services, and work closely with leadership on strategic sales and marketing initiatives as the company continues to innovate and grow.

As Marketing Manager, Monroe now oversees all marketing initiatives for the company. This includes advertising, sponsorships, the ambassador program, web content creation, graphic design, and photography, among other responsibilities.

“I could not be prouder than to announce the promotions of Zack to Vice President of Business Development and Addison to Marketing Manager,” said Kellie Brunn, Co-Owner of XS Sights.  “Zack’s proven solutions-based approach is an integral part of our innovation, profitability, and growth initiatives. He works closely with all of Team XS to grow our brand, and this role will allow him to focus on the long-term strategic direction of XS.”

Brunn continued, “Addison is a pleasure to work with and has demonstrated her talents as she has taken on more responsibilities in marketing this past year.  She is an excellent representative of our company and will hit the ground running in her new position.”

For more information, visit www.xssights.com.

Mike Roth (USN Ret.) Joins the Unity Tactical Team

Monday, May 3rd, 2021

Unity Tactical is pleased to announce that Mike Roth has joined our team and will serve as Unity’s Strategic Business Development point man.

Mike is a retired Naval Aviation/Naval Special Warfare veteran who has served within the defense industry for nearly 15 years.  Mike formerly served as Director of Military and Aviation Operations at Wilcox Industries Corp from 2006-2020.

“Mike’s years of operational experience, leadership and diverse knowledge of industry are well established, says Trent Zimmer, CEO of Unity Tactical.  He will provide strategic direction, business development, and product innovation experience to our team which will be an important role in growth domestically and internationally for Unity Tactical.”

www.unitytactical.com

Zodiac Milpro Strengthens Its Engineering Capacities with Vectis Marine Design

Monday, May 3rd, 2021

Zodiac Milpro and Vectis Marine Design are very pleased to announce the recent acquisition of Vectis Marine Design by Zodiac Milpro on this day 30th April 2021.

Zodiac Milpro is a world leader in the manufacture of inflatable boats and RIBS for the military and professional market. Present in France, Spain, Canada, USA, Australia, UK, Italy and Singapore, Zodiac Milpro has a team of 400 employees worldwide and delivers a turnover of 60m Euros. Vectis Marine Design is a naval architecture consultancy based near Southampton, England with whom Zodiac Milpro has worked successfully for many years.

Created in 2008 by Andrew Humphries and John Fox Robinson, two highly skilled naval architects, Vectis Marine Design specialises in the engineering and design of high-performance and specialist vessels. The company has a strong reputation in the design of fast patrol boats, RIBs, Special Forces craft, rescue craft and other vessels to meet demanding operational requirements.

It is to Vectis Marine Design that Zodiac Milpro owes the development of the ECUME the well-known highly capable military RIBS for the French Navy, and the aluminum SRA series for the professional market, which sets a new benchmark in its field. Zodiac Milpro is currently entrusting Vectis Marine Design with the extension of this SRA range and other development of new innovative products.

As well as new vessel design, Vectis Marine Design provides technical support to a wide range of vessels and this will continue and develop with Zodiac Milpro’s backing. With this acquisition, Zodiac Milpro strengthens its autonomy in design and innovation, its capacity for engineering, and ability to deliver complex tenders and projects more effectively. This acquisition is part of the Group’s development strategy to support its growth and meet an ever-increasing demand from customers for more capable and efficient craft.

Guillaume Laurin, President of Zodiac Milpro commented,

“We are particularly pleased with this agreement. Vectis Marine Design and Zodiac Milpro have been working together for a long time. Thanks to Vectis Marine Design’s know how, experience and professionalism, Zodiac Milpro will be able to handle more complex programs and further increase its innovation dynamic. Our respective teams know each other well and appreciate working together. This acquisition is completely in line with our strategy to strengthen our internal capabilities. It is a natural rapprochement which will give both our companies great opportunities of further development and continue to offer our clients the best military and professional craft on the market.”

Andrew Humphries, Managing Director of Vectis Marine Design added,

“We have worked closely with Zodiac Milpro since 2009 and are delighted that Vectis is now becoming part of the Zodiac Milpro group.   We have always enjoyed working with Zodiac Milpro and appreciated their professional and collaborative approach.  We see this next exciting step as a great endorsement of the work that the whole Vectis team has put into the business since Vectis was established in 2008.  We very much look forward to the closer partnership with Zodiac Milpro while at the same time continuing to support our other clients with innovative design, engineering and technical support”.

www.zodiacmilpro.com
www.vectismarine.com

AMMO, Inc. Announces Closing of Acquisition of GunBroker.com

Monday, May 3rd, 2021

SCOTTSDALE, Ariz., May 03, 2021 — AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce today the successful closing of the previously announced acquisition of the GunBroker.com business (GunBroker.com), the world’s largest on-line auction marketplace dedicated to firearms, hunting, shooting and related products. The Transaction involved an approximate $240 million merger of reorganized entities resulting in GunBroker.com and certain affiliates becoming a wholly owned subsidiary of AMMO (the “Transaction”).

“We couldn’t be more excited about bringing the GunBroker.com team into the AMMO family. Everyone worked hard to make this happen – and we will now set about to further expand the GunBroker.com brand as we leverage the amazing IT platform Steve Urvan and his team developed to bring AMMO products and a host of other products and merchandise to the vibrant GunBroker.com marketplace,” said Fred Wagenhals, AMMO’s Chairman and CEO. Fred further noted that “the AMMO management team viewed the Transaction as accretive to our shareholders when we announced the letter of intent. With the Transaction successfully closed, our team has reached another vertical integration milestone for the Company, representing an opportunity to diversify our revenue base with high profit-margin business offered through a premier brand deploying best-in-class secure transactional technology.”

Steve Urvan commented: “I am excited we have closed the Transaction so I can take my seat on the Board of this dynamic and growing company. I am confident our newly expanded AMMO team will bring innovative products and solutions for our expanding and loyal customer base. The GunBroker.com marketplace is going to enjoy the new shopping opportunities that serve the firearms, ammunition and accessory outdoor and shooting sports markets as we roll them onto the platform.”

The Company anticipates issuing post-Transaction updated guidance on Tuesday, May 11, 2021.

Lucosky Brookman LLP acted as legal counsel and Riveron Consulting LLC acted as financial and technology advisors to the Company. Arnall Golden Gregory LLP served as legal counsel and Maxim Group LLC served as the financial advisor to IA Tech LLC for the GunBrokers.com business.

Veterans History Project Spotlights Military Mothers with May Panel Discussion

Sunday, May 2nd, 2021

Mothers have volunteered to serve in the military since the Revolutionary War, where they held traditional roles as nurses, seamstresses or cooks and, since 2015, in designated frontline combat roles. On Thursday, May 6 at 12 p.m. EST, the Library of Congress Veterans History Project (VHP) invites the public to a virtual panel titled “Motherhood and the Military” through the VHP Facebook page. The panelists and moderator will be available to answer questions and address remarks in the comments section.   

Women were 16.5% of all active-duty personnel in 2018 and make up 10% of all military veterans, a percentage that is likely to increase rapidly in the next decade, according to Pentagon data. Women veterans hold many roles, including that of mothers, but their contributions have often gone unrecognized, according to experts.

Ahead of Mother’s Day, the panel will explore the intersection of the role of mothers and their connection to the military through the personal experiences of four women veterans.

“These strong women, just like those who came before them, remind us that while motherhood itself can be a full-time job, some mothers choose to continue serving in the Armed Forces. They juggle the trials of parenting with the responsibility of maintaining operations, coping with deployment and the uncertainty that can come with it all,” said Elizabeth Estabrooks, acting executive director of the U.S. Department of Veterans Affairs Center for Women Veterans, and the panel’s moderator.

The discussion will include special introductions by Senators Tammy Duckworth, D-Ill, and Joni Ernst, R-Iowa, both of whom are military veterans and mothers and serve on the Senate Armed Services Committee. Duckworth, an Iraq war veteran, is the first female double amputee to serve in the Senate, while Ernst was the first female combat veteran to serve in that chamber.

“The dual roles of mother and soldier are not uncommon, but too often the story of service, sacrifice and the impact on individual families goes untold,” said Duckworth, who made history in 2018 when she took her newborn baby to a Senate floor vote, just weeks after giving birth.

For her part, Ernst, a former company commander in Kuwait and Iraq, said it wasn’t easy for her to leave her little girl for deployments “halfway across the world.”

“That experience left me with a deep appreciation for the sacrifice our military families make, particularly our moms in uniform,” said Ernst, the first woman to represent Iowa in Congress.

The panel will feature mothers from different military branches who have served our nation through various generations and armed conflicts. They will discuss the trials of parenting and fulfilling operational obligations, coping with the heartache of deployments and separations, and the uncertainty that comes with military service.

Panelists for the program include:

• Chief Warrant Officer 5 Candy Martin (U.S. Army, retired) — Martin served 38 years with the U.S. Army Reserves, including a deployment to Iraq in 2005. Her son, Lt. Tom Martin, was killed in action two years later. She remains very active in the veteran community and with American Gold Star Mothers, Inc.

• Command Sgt. Major Rue Mayweather (U.S. Army, retired) — Mayweather served 30 years in the U.S. Army. She and her son, Capt. Kenieth Mayweather, both deployed to Iraq in 2014 in support of Operation New Dawn.

• Dr. Rupa Dainer (U.S. Navy veteran) — Dainer remembers having “50,000 emotions” when she learned of her deployment to Afghanistan in the parking lot of her daughters’ daycare in 2010. The Navy doctor going off to war helped her daughters, only 4 and 2 years old at the time, get through deployment with videos she made before she left, photos, and a calendar to track the days.

• Mary Dever (U.S. Air Force veteran) — Dever served as an embedded Air Force broadcast journalist in Iraq and Afghanistan. She later became an instructor for the final three of her 10 years of service. When she became pregnant, she fought for her extended maternity leave and relied on an online support group for moms in uniform. Not wanting to leave her son for a new deployment, Dever left the military and started to work with Disabled American Veterans.

Congress created the Veterans History Project in 2000 to collect, preserve and make accessible the firsthand remembrances of United States war veterans from World War I through the more recent conflicts in Iraq and Afghanistan, so that future generations may hear directly from veterans and better understand the realities of military service. For more information, visit www.loc.gov/vets/ or call the toll-free message line at (888) 371-5848. Subscribe to the VHP RSS to receive periodic updates of VHP news. Follow VHP on Facebook @vetshistoryproject.

The Library of Congress is the world’s largest library, offering access to the creative record of the United States — and extensive materials from around the world — both on-site and online. It is the main research arm of the U.S. Congress and the home of the U.S. Copyright Office. Explore collections, reference services and other programs and plan a visit at loc.gov; access the official site for U.S. federal legislative information at congress.gov; and register creative works of authorship at copyright.gov.

 

Bushnell Shooter KC Eusebio Wins 8th World Speed Shooting Championship

Friday, April 30th, 2021

Eusebio Named Overall Champion and Claims Two Division Titles

OVERLAND PARK, Kan. – April 28, 2021 – Bushnell®, an industry leader in performance optics, congratulates pro shooter KC Eusebio on winning his eighth World Speed Shooting Championship title. Eusebio, equipped with a Bushnell First Strike 2.0 reflex sight, was successful in claiming the High Overall title and two first-place finishes in both the Open and Rimfire Optics Division during the 2021 world championship.

“I’m always excited to compete at the Steel Challenge as I’ve been shooting this match since the age of 9, and it just never gets old,” said Eusebio. “What makes this one so special was that I’m the first to win 8 Overall Championships. I was also able to capture a new world record in the Rimfire Optics division, besting my last record from 2020.”

Sponsored by the Steel Challenge Shooting Association and the United States Practical Shooting Association (USPSA), the World Speed Shooting Championship is considered one of the most competitive and prestigious handgun competitions in the world. Shooting at an average speed of 2.48 seconds per run, and with an overall time of 77.71 seconds, Eusebio quickly shot his way to the winner’s title of “World’s Fastest Shooter.”

“I wouldn’t have been able to do this without Team Bushnell,” said Eusebio. “The First Strike 2.0 has once again been able to perform at the highest level of speed shooting. I’m so thankful to have it and the Bushnell family at my side. I’m looking forward to the rest of the season and the possibility of bringing home a few more wins with using Bushnell red dots.”

In the Main Match, Eusebio won the High Overall title and first place in the Open Division. He also won first place in Rimfire Optics Division, setting a record for the fastest overall time in match history.

“Everyone at Bushnell is proud to be a part of KC’s 8th world championship win and seeing him perform with world class speed and accuracy,” said Derek Osburn, Director of Optics for Vista Outdoor. “We are honored to be a part of it and look forward to continuing to get him on target on the range or on his next hunt. Congrats KC!”

To learn more about Bushnell or the First Strike 2.0, visit Bushnell.com. For more information on KC Eusebio, be sure to visit his professional page at kceusebio.net.

Bushnell and Hoppe’s Pro Jessie Harrison Takes Gold at 2021 World Speed Shooting Championships

Friday, April 30th, 2021

OVERLAND PARK, Kan. – April 28, 2021 – Bushnell, an industry leader in performance optics, and Hoppe’s, the No. 1 name in gun care products, congratulate pro shooter Jessie Harrison on her first-place finish at the 2021 World Speed Shooting Championships. Harrison was successful in claiming the High Lady Overall title and first place in the Lady Open Division.

Throughout the championship, Harrison utilized her Bushnell First Strike 2.0 reflex sight to deliver an overall time of 93.03 seconds. With this, her 13th World Speed Shooting Championship title, Harrison adds to one of the most impressive track records of any female shooter.

“Competing in the World Speed Shooting Championships never gets old and neither does shooting with the Bushnell FS2,” said Harrison. “Throughout the match I never had to worry about getting a clear view through the lens and the dot is always nice and crisp, allowing you to make that precise shot. Visual speed is one of the most important factors and the Bushnell First Strike 2.0 gives me that and more.”

Sponsored by the Steel Challenge Shooting Association and the United States Practical Shooting Association (USPSA), the World Speed Shooting Championship is considered one of the most competitive and prestigious handgun competitions in the world. Throughout the match, Harrison noted that Hoppe’s Black cleaning spray, Hoppe’s Elite gun oil and Hoppe’s Lead-B-Gone wipes were also part of her cleaning arsenal on one of the shooting sports biggest stages.

In addition to her division wins, Harrison also set two new Ladies stage records in the Single Stack Division. On the ‘5 to Go’ stage, Harrison sent a record time of 12.52 seconds, and on ‘Outer Limits’, she recorded a stage best 16.27 seconds. Harrison was the current record holder on both stages of fire entering the 2021 championship.

Harrison has a long track record of success in competitive shooting. She was the first female shooter to achieve Grand Master status with the USPSA and boasts a long list of accolades across five shooting disciplines, including multiple World and National Champion shooting titles.

To learn more about Harrison and why she trusts Bushnell and Hoppe’s products to help her performance at her best visit Bushnell.com and Hoppes.com.