ANDOVER,
Mass., Oct. 26, 2023 /PRNewswire/
-- Byrna Technologies Inc. ("Byrna" or the
"Company") (Nasdaq: BYRN), a personal defense technology
company specializing in the development, manufacture, and sale of
innovative less-lethal personal security solutions, today announced
a milestone $6 million order with the
Córdoba Provincial Police force in Argentina. The 4,000-launcher order, fulfilled
through Byrna's distributor Bersa S.A., is the largest single order
in the Company's history.
The Córdoba Provincial Police force, comprising of approximately
40,000 officers, initiated its adoption of less-lethal weapons
earlier this year with a purchase of 1,000 launchers. Since then,
the successful deployment of Byrna's launchers by various
specialized units, including road police, special surveillance, and
patrol units, has attracted significant attention.
"This order underscores the tremendous success we are
experiencing in Argentina and
further solidifies our strategic entry into this growing market,"
said Byrna CEO Bryan Ganz. "We are
confident that this is the beginning of a valuable opportunity for
Byrna in Argentina as more
municipalities find success with our products. With shifting
political policies favoring less-lethal solutions across
South America, Byrna is at the
forefront of the discussion. Our state-of-the-art launchers,
combined with our powerful projectiles, provide law enforcement
agencies with a truly effective alternative."
While these sales through Byrna's distribution partner, Bersa
S.A., are not directly reflected in Byrna's reported numbers, these
recent wins underscore the strategic importance of Byrna's LATAM
joint venture and the long-term growth potential for Byrna
internationally and within the law enforcement market. This latest
order from the Córdoba Provincial Police highlights the
accelerating adoption of less-lethal weapons in Argentina, with Byrna also securing
deployments in Buenos Aires,
Lanus, and Ezeiza. The Company views its growing foothold in
Argentina as a critical
steppingstone as it expands its presence across South America, particularly into Brazil, furthering its plan to advance
less-lethal security solutions in Latin
America.
The Company remains dedicated to shaping the global landscape of
less-lethal security solutions. As Byrna continues to evolve and
expand, its trajectory is marked by dynamic collaborations that
prioritize human life and security.
About Byrna Technologies Inc.
Byrna is a technology company specializing in the development,
manufacture, and sale of innovative less-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® SD personal security device, a state-of-the-art handheld CO2
powered launcher designed to provide a less-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 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," "intends," "will," "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 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, potential cancellations of existing or future
orders including as a result of any fulfillment delays,
introduction of competing products, negative publicity, or other
factor, changes in the markets for security products and non-lethal
defense technology could have a material adverse impact on our
business, financial condition and results of operations, 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, ("Risk Factors") in our most recent
Form 10-K, 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.