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Archive for the ‘Press Release’ Category

Photonis Defense PD-PRO-Q Panoramic Night Vision Goggle

Sunday, February 14th, 2021

The PD-PRO-Q panoramic night vision goggle from Photonis Defense is the lightest and most compact panoramic NVG on the market today. Designed for Tier 1 operators, Special Operations Forces and SWAT Teams the PD-PRO-Q was designed around a shortened 4G filmless hybrid-18mm image intensifier tube, creating a system that is 33% smaller and 9% lighter than any other panoramic goggle available. By using hybrid-18mm tubes the PD-PRO-Q also gives operators a 104° field of view (FOV) vice the  97° FOV offered by our closest competitor. The PD-PRO-Q is also equipped with Hypersense™ a unique feature that expands the detection range from below 400nm to above 1,000nm, allowing to see and use laser illuminators that are not visible to standard military issue NVGs.  Gain a notable advantage in a multitude of environments worldwide with a system designed for the modern night vision user. *Note: The PD-PRO-Q is only available in the USA from Photonis Defense and a network of distributors.

www.photonisdefense.com/products/pd-pro-q-panoramic-nvg

Autonomous Drone Start-up, Flare Bright Ltd Closes Initial Investment Round

Friday, February 12th, 2021

Flare Bright closes its £500,000 seed equity funding round.  The main investors were two cornerstone Venture Capital firms: Britbots, who opened the round, and Highland Venture Capital who closed it.  The company was greatly supported by OION who introduced the company to a number of High Net Worth investors, and together with a few other Angel investors completed the round. This secures the funding for Flare Bright through to 2022 and is complemented with other UK Government grants through its Future Flight competition and contracts, including an MOD Defence and Security Accelerator Rapid Impact award.  

Flare Bright’s Board now consists of Dominic Keen, the CEO of Britbots, who is currently Chairing the Board and Scott Carnegie from Highland Venture Capital who joins as a Non-Executive Director.  The two co-founders, Kelvin Hamilton (CEO) and Conrad Rider (CTO), together with Chief Commercial Officer Chris Daniels, complete the Board.  

CEO Kelvin Hamilton says, “we’re delighted to have such a quality and committed group of investors join the company and help us rapidly scale up and deliver on our cutting-edge technology.”

Experienced Venture Capitalist and Flare Bright’s new Non-Executive Director, Scott Carnegie adds, “When Flare Bright pitched to Highland Venture Capital we immediately recognised its potential and our investment committee were unanimous in backing this company.  I am very much looking forward to joining the Board.”

Flare Bright was founded in November 2015 and after a number of years of experimentation with autonomous drones, accelerated its progress a couple of years ago.  It has grown to twelve staff who are driving the technological boundaries of autonomy in drones.  

Flare Bright is a rapidly growing aerospace company which specialises in its UAS product: SnapShot, designed to be the lightest and simplest way to get aerial images at the single press of a button. 

Flare Bright has three core products:

• The MOD’s Defence and Security Accelerator is funding the ruggedisation of SnapShot for the defence and security market.

• SnapShot is being developed to measure winds accurately at altitudes up to 100m.  This is part of a wider InnovateUK project to create live wind maps of urban, industrial and other difficult environments.

• It is developing a precision air-dropped drone for delivering small items such as medicines, vaccines or critical parts to remote places cheaply and efficiently.

Flare Bright is increasing the endurance, controllability and capability of small drones, and will be introducing thermal imagery into its range soon.

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Lifeline Tactical Rescue Tools – JAWZ Titanium

Friday, February 12th, 2021

The JAWZ Titanium from Lifeline is a maritime tool designed for underwater and surface emergencies. The tool features easy one-handed access for low visibility and restricted movement emergency situations. The device effectively cuts rope, monofilament line, netting, webbing, and other materials encountered underwater. The tool is made from Grade 38 ATI 425 Titanium Alloy with handles and sheath made from the latest in phosphorescent technology to dramatically increase underwater visibility with its glow-in-the-dark properties.

shop.lifelinerescuetools.com/lifeline-jawz-ti

Owyhee Group Introduces M17/M18 Pistol Mag Pouch

Friday, February 12th, 2021

(Eagle, ID – Owyhee Group Companies) With the Sig Sauer® M17 and M18 recently selected as the new official side arm of the U.S. Military, Owyhee Group Companies (OGC) is introducing the new M17/M18 Mag Pouch. The pouch comes in three configurations, a single mag pouch, a double mag pouch and a triple mag pouch. Each is designed to accommodate the 17 and 21 round magazines.

Each model features a hook and loop flap closure with pull tab that makes it quick and easy to access your next magazine. The elastic retention strap squeezes the mag within the pouch for a tight, but accessible fit. The pouches are MOLLE compatible and Berry Amendment compliant and available in Coyote, Black or MultiCam.

Interested parties can purchase these items direct on the Company’s website at owyheegroup.com or for large quantity orders and pricing email sales@owyheegroup.com or call sales at 208.938.6086.

B.E. Meyers & Co., Inc. Announces Jared Reston as Latest Brand Ambassador

Friday, February 12th, 2021

February 12, 2021 (Redmond, WA) – B.E. Meyers & Co., Inc. is proud to announce the addition of Jared Reston to their team of Brand Ambassadors. Reston brings over 20-years of law enforcement experience, with over 16-years as full-time SWAT, and over 10-years as a trainer leading his company Reston Group, to B.E. Meyers and Company’s team of Brand Ambassadors.

“I am proud to be named in the same sentence as B.E. Meyers & Co., Chuck Pressburg, Bill Blowers, and the rest of the Brand Ambassador team,” said Reston. “Jacksonville Sheriff’s Office was one of the early agencies to adopt the MAWL™, and I’ve been a believer ever since. I run MAWL on everything for several reasons: I’m a lefty and the ambidextrous controls are a huge advantage for me; I’ve never run out of distance with the MAWL, even at 500-yard engagement Special Precision Rifle engagements; and I’ve never found the edge with a MAWL – it’s like turning on the lights in any engagement. It’s great to be associated with a brand like B.E. Meyers & Co. that makes products for you and the guys you respect.”

Reston began his law enforcement career as a patrol officer with Jacksonville Sheriff’s Office in 2000.  In 2004 Reston became a member of JSO’s full-time SWAT Team, where he trained in waterborne insertion and interdiction, K9 tactics, CQB, explosive breaking, less lethal, sniper, and assault tactics. Additionally, Reston served as an assigned Detective in the Department of Homeland Security/ Gang Investigations unit, and as the assistant team leader, and lead firearms instructor for the SWAT team. His career includes the successful completion of over one thousand SWAT missions.

In 2008, Reston was involved in a shoot-out with a shop lifter. Although Reston was hit seven times, he was able to return fire, ending the encounter and the effectively stopping the shooter. “Luck made the bullets not kill me, mindset kept me in the fight, skill made me win,” said Reston. For his bravery and skill, Reston was awarded The President of the United States’ “Medal of Valor”, American Police and Hall of Fame’s “National Police Officer of the Year”, Fraternal Order of Police’s “Florida Police Officer of the Year”, and the State of Florida’s “Law Enforcement Officer of the Year.”

While traveling the country and recounting this incident, Reston came to realize officers did not have the same multi-faceted training that had saved his life. This observation was the catalyst for Reston to found Reston Group, LLC, a training company focused on sharing his knowledge and experience in resolving lethal force incidents to help law enforcement, military, and responsible citizens sharpen their mindset, skills, and ultimately help save lives.

“Jared has provided both invaluable training and feedback on one of our core small arms solutions, the MAWL. His level of knowledge and expertise elevate him within the community of subject matter experts,” said Matthew Meyers, CEO of B.E. Meyers & Co. “We’re excited to add Jared to our team of Brand Ambassadors.”

Reston now works for Safariland, LLC as an Account Manager, in addition to his role as Founder and Lead Trainer of Reston Group, LLC.

www.bemeyers.com
www.restongrouptraining.com

DroneShield – Next Gen Artificial Intelligence Software Rollout

Thursday, February 11th, 2021

DroneShield Ltd (ASX:DRO) (“DroneShield” or the “Company”) is pleased to announce the rollout of its first fully Machine Learning/AI based detection and classification software to all of its existing customer systems.

DroneShield utilises its proprietary techniques in signal processing and Machine Learning/AI to do near-real time detection and identification of unmanned robotic systems and, more broadly, other potential threats in the Electronic Warfare fields. The result is a dramatic increase in detection responsiveness, lower false positives and a significant increase in the speed at which new threats are detected, classified and tracked by the DroneShield systems.

One of the key achievements that sets DroneShield’s technology substantially ahead of the existing technologies globally, is a very lightweight machine learning architecture designed to run on low power FPGA (Field-Programable Gate Array) hardware. This enables the system to be deployed for long term periods in power scarce, air-gapped environments.

The software is designed to run on all DroneShield platforms including RfPatrolTM, DroneSentryTM and DroneSentry-XTM.

Future device software updates will build on this system architecture and increase performance and the number of detectable threats.


Image: DroneSentry system

For inquiries, please contact info@droneshield.com

AMMO, Inc Executes Letter of Intent to Acquire GunBroker.com

Thursday, February 11th, 2021

SCOTTSDALE, Ariz., Feb. 11, 2021 — AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has entered into a non-binding letter of intent (“LOI”) dated February 9, 2021 with IA Tech LLC for its GunBroker.com business (GunBroker.com), the world’s largest on-line auction marketplace dedicated to firearms, hunting, shooting and related products. The Transaction will involve a merger or business combination resulting in GunBroker.com becoming a wholly-owned subsidiary of AMMO (the “Transaction”).

GunBroker.com Transaction

• GunBroker.com is the world’s leading online marketplace for the legal sale of firearms, ammunition and accessories with over 6.0 million registered users

• GunBroker.com’s estimated 2020 revenue of approximately $60 million, over $40 million of EBITDA, positive net income and strong free cash flow

• Purchase price of approximately $240 million, representing a purchase price to EBITDA multiple of less than 6.0x

• Transaction further expands upon AMMO’s vertical integration strategy

• Current AMMO shareholders will own the majority of the combined company

“This Transaction is accretive to our shareholders and will be another vertical integration milestone for the Company which diversifies our revenue base with high profit-margin business offered through a premier brand deploying best-in-class secure transactional technology,” said Fred Wagenhals, AMMO’s Chairman and CEO.

Mr. Wagenhals noted that “we founded AMMO to be a disruptive technology-based company that could serve the shooting community with cutting-edge ammunition offerings, whether that be for the military, law enforcement, hunting or recreational shooting communities. GunBroker.com is a perfect fit and supports AMMO’s mission across many levels. Steve Urvan had the foresight and entrepreneurial drive to start GunBrokers.com more than 20 years ago with the same spirit and vision. With his drive and intimate understanding of how to serve our collective market, Steve created the world’s largest online marketplace for the purchase and sale of firearms, ammunition, and accessories.” Mr. Wagenhals explained that “the combination made sense to our management team and Board as it expands our ability to best ensure the retail market continues to be served at the highest level while affording AMMO with an opportunity to enhance its sales channels, operating margins and drive increased shareholder value.”

Steve Urvan commented: “I am excited at the prospect of bringing the GunBroker.com technology platform, marketplace, and my world-class team to the AMMO family of companies. GunBroker.com has long been the technology leader in the industry and we look forward to continuing to build innovative products and solutions for our expanding and loyal customer base.”

Pursuant to the terms of the LOI, the parties intend to sign a definitive agreement (the “Definitive Agreement”) and work expeditiously to close the Transaction on or before March 31, 2021. The final structure of the Transaction will be determined by the parties following the receipt of tax, corporate, and securities law advice. GunBroker.com’s enterprise value in the Transaction has been valued at approximately $240 million, which will be paid by the Company via a combination of cash and shares of common stock.

The completion of the Transaction is subject to a number of conditions, including but not limited to the following: completion of mutually satisfactory due diligence, execution of the Definitive Agreement, successful completion of a capital raise, and receipt of all required corporate and third-party approvals, including fulfillment of all applicable regulatory requirements and conditions necessary to complete the Transaction.

No assurances can be made that the parties will successfully negotiate and enter into a Definitive Agreement, or that the proposed Transaction will be closed on the terms and/or timeframe currently contemplated, or at all. As noted above, the Transaction remains subject to a regulatory and Board approval, along with other customary conditions.

Maxim Group LLC served as sell side advisor to IA Tech LLC for its GunBroker.com business.

Blue Force Gear Expands Laser Cutting Capacity to Meet Industry Demand

Thursday, February 11th, 2021

BFG is poised to immediately license and produce patented Helium Whisper™ attachment technology to manufacturers with increased laser cutting capacity.

Savannah, GA – 11 February 2021

Customers and Industry Partners have spoken, BFG listened.  In response to overwhelming demand from military, first responder, commercial and third-party manufacturers Blue Force Gear has invested to expand laser cutting operations.  Not only have more cutting machines been purchased but additional team members have been brought on staff to support 24-hour seven day a week operations. Since 2012, Blue Force Gear has been licensing Helium Whisper technology to industry partners like Velocity Systems, Safariland and other premium brands.

With multiple US and International patents and patents pending, the Helium Whisper® Attachment System is recognized across the globe by manufacturers and end users alike. The design and materials of the Helium Whisper Attachment System allows for up to a 70% weight savings over traditional MOLLE systems with the same or greater strength. The system also allows for significantly less bulk over legacy pouches.

“Laser cutting is the future. We’re able to cut patterns for gear, like the one-piece Helium Whisper backer, that were never before possible.”
-Alec Coin, Laser Production Manager

The Helium Whisper Attachment System was designed and commercially released in 2011 by Blue Force Gear. Since then, Blue Force Gear has been revolutionizing how MOLLE pouches and accessories were previously imagined with the introduction of ULTRAcomp®, a radical new laminate with numerous innovative characteristics like increased strength, superior abrasion resistance and immunity to staining and liquid absorption. Manufacturers who take advantage of this technology receive the benefits of simplified manufacturing, less material waste, less production time per piece and greater piece to piece precision. These benefits can be easily obtained through Blue Force Gear’s streamlined, simple licensing process.

“As ‘Lighten The Load” has received focus from DoD and Congress, more and more equipment manufacturers are adopting Helium Whisper to meet stringent weight reduction requirements.  Helium Whisper is increasingly mentioned by name as the go-to solution and our licensing program is making it easy for other gear makers to remain competitive.”
– Doug Duggan, Director, OEM & International Sales.

Contact Blue Force Gear today to start producing pouches with the lightest, most elegant MOLLE attachment system in the industry.