AMMO, Inc. Positioned to Capitalize on Projected Market Growth
December 14 2020 - 8:00AM
AMMO, Inc. (NASDAQ: POWW) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is poised to execute on its sales plans to take
advantage of projected substantial annual market growth expected to
result in global ammunition sales of approximately $24.9 billion
(US) by 2025.
A Changing Global MarketThe
global ammunition market size is projected to grow from $20.8
billion (US) in 2020 to $24.9 billion (US) by 2025. To date in
2020, nearly 7.7 million individuals purchased a firearm for the
first in the U.S. Background checks, a precursor and surrogate
measure for firearms purchases, increased by more than 45% in
November (National Shooting Sports Foundation/November, 2020). 40%
of the first-time gun buyers were women – one of the largest
increases ever in this demographic. Current uncertainty in the US
political landscape, COVID’s adverse social and economic impact and
the evolving military and law enforcement markets continue to fuel
the current surge demand. “This continuing market surge is
reflected in our $135 million in open orders and the Company
receiving a $5 million PO for Streak™ just last week,” said AMMO’s
Chairman and CEO, Fred Wagenhals.
“AMMO is well-positioned to achieve exponential
positive revenue growth based upon implementation of strategic
production capacity increases we had planned for pre-COVID. We also
offer a differentiating product no competitor can provide the
shooting public, law enforcement and our military partners – our
patented STREAK™ Visual Ammunition. STREAK™ is the perfect range
round for new gun owners to train with as they log hours on the
range perfecting accurate and safe shooting habits. The STREAK’s
one-way non-incendiary luminescent technology allows the shooter to
see their round fly downrange and make immediate corrections as
they train on their gun. The law enforcement and military training
applications are self-evident and the live-fire combat applications
are unparalleled. We started this Company with a focused strategy
to disrupt a complacent industry by bringing products to market
that would enhance the individual shooter’s experience – and that
is exactly what we continue to work on each and every day,” said
Mr. Wagenhals.
About AMMO, Inc.AMMO was
founded in 2016 with a vision to change, innovate and invigorate
the complacent munitions industry. The Company designs and
manufactures products for a variety of markets, including law
enforcement, military, hunting, sport shooting and self-defense.
AMMO promotes its company branded munitions, its patented STREAK™
Visual Ammunition, /stelTH/™ subsonic munitions, and O.W.L.
Technologies®. The Company’s corporate offices are headquartered in
Scottsdale, Arizona. Manufacturing operations are based in both
northern Arizona and Manitowoc, Wisconsin. For more information
please visit: www.ammoinc.com.
Forward Looking StatementsThis
document contains certain “forward-looking statements”. All
statements other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws, including, but not limited to, any projections of
earnings, revenue or other financial items; any statements of the
plans, strategies, goals and objectives of management for future
operations; any statements concerning proposed new products and
services or developments thereof; any statements regarding future
economic conditions or performance; any statements or belief; and
any statements of assumptions underlying any of the foregoing.
Forward looking statements may include the words
“may,” “could,” “estimate,” “intend,” “continue,” “believe,”
“expect” or “anticipate” or other similar words, or the negative
thereof. These forward-looking statements present our estimates and
assumptions only as of the date of this report. Accordingly,
readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the dates on
which they are made. We do not undertake to update forward-looking
statements to reflect the impact of circumstances or events that
arise after the dates they are made. You should, however, consult
further disclosures and risk factors we include in Annual Reports
on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on
Form 8-K.
Investor Contact:Rob Wiley, CFOAMMO, Inc.Phone:
(480) 947-0001IR@ammo-inc.com
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