ANDOVER, Mass., Aug. 13, 2021 /CNW/ -- Byrna Technologies Inc.
(NASDAQ: BYRN) (CSE: BYRN) ("the Company") today announced that
Bi-Mart, a retail chain predominantly located in the Pacific
Northwest, began carrying Byrna products at 82 Bi-Mart stores
beginning in late July.
As part of the relationship, Bi-Mart is stocking the Company's
products in display cases that prominently feature the
Byrna® HD launcher and a selection
of Byrna projectiles and accessories. With the addition of
this retail relationship, Byrna products are now sold at
approximately 1,600 brick and mortar locations across the United States.
"The expansion of our dealer network, including larger regional
chains such as Bi-Mart, is an important component of our overall
growth strategy," stated Bryan Ganz,
CEO of Byrna Technologies. "The addition of Bi-Mart to the growing
list of retailers that carry our products further diversifies our
revenue streams and places the Byrna brand in a high-traffic retail
setting that consumers visit to purchase a wide variety of items.
Our products have already been well received by Bi-Mart customers,
as indicated by a replenishing order after only two weeks of
selling the products."
"Positioning the Byrna HD in Bi-Mart gives consumers a greater
opportunity to see and hold the product, which we view as a
competitive advantage given the look and feel of the Byrna. We
plan to continue to pursue relationships such as these and look
forward to providing updates as they materialize."
About Byrna Technologies Inc.
Byrna is a technology
company, specializing in the development, manufacture, and sale of
innovative, non-lethal personal security solutions. For more
information on the Company, please visit the corporate website
here or the Company's investor relations site here. The
Company is the manufacturer of the
Byrna® HD personal security device,
a state of the art handheld CO2 powered launcher
designed to provide a non-lethal alternative to a firearm for the
consumer, private security, and law enforcement markets. To
purchase Byrna products visit the Company's e-commerce
store.
Forward Looking Information
This news release contains
"forward-looking statements" within the meaning of the U.S. and
Canadian securities laws. All statements contained in this news
release, other than statements of current and historical fact, are
forward-looking. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "expects",
"projects", "intends", "anticipates" and "believes" and statements
that certain actions, events or results "may", "could", "would",
"should", "might," "occur" or "be achieved" or "will be taken."
Forward-looking statements include descriptions of currently
occurring matters which may continue in the future. Forward-looking
statements in this news release include but are not limited
to Bi-Mart's significance to Byrna's growth strategy, the
diversification of Byrna's revenue stream, the placement of Byrna
products in a high-traffic retail setting, the reception of Byrna's
products by Bi-Mart customers, the competitive advantage that
positioning the Byrna HD in Bi-Mart provides and the Company's
plans to pursue similar relationships in the future.
Forward-looking statements are not, and cannot be, a guarantee of
future results or events. Forward-looking statements are based on,
among other things, opinions, assumptions, estimates and analyses
that, while considered reasonable by the Company at the date the
forward-looking information is provided, inherently are subject to
significant risks, uncertainties, contingencies and other factors
that may cause actual results and events to be materially different
from those expressed or implied.
Any number of risk factors could affect our actual results and
cause them to differ materially from those expressed or implied by
the forward-looking statements in this news release, including, but
not limited to: Bi-Mart's ability to remain in business, economic
conditions or pandemic related closures that may disrupt the retail
environment and consumer shopping patterns, disruption of the
Company's supply chain including for reasons related to the ongoing
pandemic and the delta variant which is currently spreading in
South Africa where one of the
Company's manufacturing facilities and some of its suppliers
are located, or delays in the Company's plans to eliminate reliance
on the historic sole supplier of its chemical irritant rounds,
changes in laws and regulations applicable to the business, events
or factors that may negatively affect the demand for the Company's
products including competitors' introduction or marketing of new or
superior products. The order in which these factors appear
should not be construed to indicate their relative importance or
priority. We caution that these factors may not be exhaustive,
accordingly, any forward-looking statements contained herein should
not be relied upon as a prediction of actual results.
Investors should carefully consider these and other relevant
factors, including those risk factors in Part I, Item 1A in our
most recent Form 10-K and subsequent filings with the
Securities and Exchange Commission ("SEC"), should understand
it is impossible to predict or identify all such factors or risks,
should not consider the foregoing list, or the risks identified in
our SEC filings, to be a complete discussion of all potential risks
or uncertainties, and should not place undue reliance on
forward-looking information. The Company assumes no obligation to
update or revise any forward-looking information, except as
required by applicable law.
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SOURCE Byrna Technologies Inc.