Conducts "Learn Safe" Training Program at a Public School
in Texas
ANDOVER, Mass., Aug. 19, 2021 /PRNewswire/ -- Byrna
Technologies Inc. ("Byrna" or "the Company") (Nasdaq: BYRN) today
announced that it has acquired the assets of
Ballistipax®, a developer of single-handed rapidly
deployable bulletproof backpacks. As part of the transaction, Byrna
has acquired several Ballistipax trademarks, two patents, finished
goods and raw materials inventory, as well as other assets. Byrna
funded the acquisition with cash on hand. Terms of the transaction
were not disclosed.
"This tuck-in transaction is another step in our strategy to
drive growth through the expansion of our product line and our
brand presence in the non-lethal self-defense space," stated
Bryan Ganz, CEO of Byrna.
"Moreover, the Ballistipax product line is an excellent fit for the
Byrna portfolio because it has the sole purpose of saving lives,
consistent with our company's mission. These backpacks are intended
for use in active shooter situations, which unfortunately have
become all too common in the U.S. and around the world. Ballistipax
enables an individual to survive such a situation, and help others
survive as well."
Mr. Ganz continued, "We believe that Ballistapax products will
have strong appeal with the approximately 150,000 members of
Byrna Nation as well as other
consumers and security professionals looking for a discrete way to
have access to full body armor without overtly wearing a tactical
bulletproof vest.
"We will be offering these protective backpacks under the "Byrna
Shield" product name. The Byrna Shield will be offered in
three configurations: (1) with a bleeding control kit (but without
ballistic armor, for consumers that have their own armor); (2) with
the bleeding control kit and with Ballistipax Level IIIA protective
soft armor designed to stop multiple rounds fired from a handgun;
and (3) with a bleeding control kit and with Ballistipax Level III+
protective hard armor designed to stop multiple rounds fired from a
rifle. All packs will come with a mounting system allowing
users to have their Byrna or similarly sized handgun mounted to the
front protective plate for easy access when the pack is deployed.
The Byrna Shield will have an MSRP ranging from $339 to $899.
"We also plan to include the Byrna Shield in our 'Learn Safe'
school safety offering and training program. By training and
equipping School Resource Officers with a pack that quickly
converts into full body armor and comes with a Byrna HD and a
bleeding control kit, we believe school resource officers will be
trained and equipped to stop a threat from an active shooter and
attend to injured individuals without firing a lethal round in the
school setting. Today we understand that most school resource
officers are armed with only a lethal firearm, which they are
unable to fire in a crowded and chaotic school setting. By
providing them with a non-lethal weapon and the body armor
necessary to confront a school shooter, we believe for the first
time they will have the tools necessary to avert these terrible
tragedies and to save lives.
"Along those lines, I am pleased to announce that we conducted
our first 'Learn Safe' school training program for a public school
district on August 16th in
Clute, Texas when we trained 25
school law enforcement officers. As part of the program,
Byrna provided training for enhanced understanding and support of
adolescent development, student mental health, social/emotional
learning, positive behavior supports, and behavioral threat
assessment, as well as training on the use of a safe and reliable,
non-lethal protective tool to effectively deter, disorient, and
disarm an active shooter or other violent attacker on campus. The
law enforcement officers were also trained specifically on how to
use and maintain their Byrna launcher. We look forward to
continuing to work with school districts to implement an effective
and reliable system that provides successful and sustainable
outcomes."
Byrna plans to commence sales of the "Byrna Shield" on the
Company's e-commerce site, www.byrna.com, starting this
weekend. Once the Company is able to build inventory,
the Byrna Shield will be offered through Byrna's network of
authorized dealers.
Mr. Ganz concluded, "We look forward to incorporating the
Ballistipax products into the Byrna product portfolio, and
continuing our important work on our 'Learn Safe' initiative."
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
Ballistipax's significance to Byrna's growth strategy, the
effectiveness of Ballistipax products and technology and
intellectual property and the ability of expected customers to use
these items, the diversification of Byrna's revenue stream, the
reception of Byrna's products by Byrna's customer base and the
Company's plans to pursue similar relationships in the future.
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 anticipated events and
outcomes 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 production or supply chain
issues or pandemic related delays or constraints that delay or
interfere with the production or sale of Ballistapax products by
Byrna and 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 all risks cannot be
anticipated and any list of risks 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 Risk
Factors in our most recent Form 10-K, Part II, Item 1A
Risk Factors in our most recent Form 10-Q and subsequent filings
with the Securities and Exchange Commission ("SEC"), 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/byrna-technologies-expands-product-line-with-the-acquisition-of-ballistipax-assets-301358835.html
SOURCE Byrna Technologies Inc.