AMMO, Inc. Announces International Supply Agreement with ZRODelta
January 24 2024 - 8:30AM
AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the
owner of GunBroker.com, the largest online marketplace serving the
firearms and shooting sports industries and a leading vertically
integrated producer of high-performance ammunition and
components, announces that it has signed a supply agreement
with ZRODelta to provide 6+ million brass cases for the fulfillment
of international contracts. ZRODelta is a specialized manufacturer
of high-precision and high-volume firearms and ammunition.
In the agreement AMMO will supply ZRODelta with
6+ million brass cases of 12.7x108 (Russian Equivalent of 50
Caliber) beginning in June of 2024. The Company expects delivery to
be completed by February of 2025. Management believes the value of
the contract will exceed $10 million over that time period.
Jared Smith, CEO of AMMO stated, “This
supply agreement is a great first foray into the expansion of our
footprint into international markets. In addition, this is another
opportunity to leverage our increased manufacturing capacity at our
new facility in Manitowoc, which we are confident will produce and
deliver the order on schedule.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona, AMMO designs and manufactures products for a
variety of aptitudes, including law enforcement, military, sport
shooting and self-defense. The Company was founded in 2016 with a
vision to change, innovate and invigorate the complacent munitions
industry. AMMO promotes branded munitions as well as its patented
STREAK™ Visual Ammunition, /stelTH/™subsonic munitions, and
specialty rounds for military and law enforcement use via
government programs. For more information, please
visit: www.ammoinc.com.
About GunBroker.com
GunBroker.com is the largest online marketplace
dedicated to firearms, hunting, shooting and related products.
Aside from merchandise bearing its logo, GunBroker.com currently
sells none of the items listed on its website. Third-party sellers
list items on the site and Federal and state laws govern the sale
of firearms and other restricted items. Ownership policies and
regulations are followed using licensed firearms dealers as
transfer agents. Launched in 1999, GunBroker.com is an informative,
secure and safe way to buy and sell firearms, ammunition, air guns,
archery equipment, knives and swords, firearms accessories and
hunting/shooting gear online. GunBroker.com promotes responsible
ownership of guns and firearms. For more information, please
visit: www.gunbroker.com.
Forward Looking Statements
This document contains “forward-looking
statements” within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words like “may,”
“will,” “likely,” “should,” “expect,” “anticipate,” “future,”
“plan,” “believe,” “intend,” “goal,” “seek,” “estimate,” “project,”
“continue,” and similar expressions. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on current beliefs, expectations and
assumptions regarding the future of the business, future plans and
strategies, projections, anticipated events and trends, the
economy, and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks, and changes in circumstances that are
difficult to predict. Actual results and financial condition may
differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. 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
Current Reports filed on Form 8-K.
Investor Contact
Matt BlazeiPhone: (516) 386-0430IR@ammo-inc.com
Source: AMMO, INC.
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