REDHAWK PLANS TO RETURN COMPONENT PRODUCTION TO U.S.
October 02 2019 - 9:00AM
InvestorsHub NewsWire
REDHAWK PLANS TO RETURN COMPONENT PRODUCTION TO
U.S.
LAFAYETTE, LA -- October 2, 2019 --
InvestorsHub NewsWire -- RedHawk Holdings
Corp. (OTC:
SNDD) ("RedHawk" or the
"Company"), a diversified holding company
engaged in sales and distribution of medical
devices,
branded generic pharmaceutical drugs, commercial real estate investment
and leasing, point of entry full-body security systems, and
specialized financial services, announced today
that it
plans to
move production of most of
the U.S.-bound electronic components for
its SANDD mini™ and
SANDD –
HP™ needle
incineration devices from China to the
U.S.
Production components for the re-designed
SANDD
Pro™ are currently expected to
be
manufactured in the U.S.
"During the
current
fourth
quarter, we expect most of the
electronic components of our U.S. bound
SANDD
mini™ and SANDD – HP™ needle incineration
devices will be in production in the U.S.," said G. Darcy Klug,
RedHawk's Chairman and Interim Chief Executive Officer. "Our
decision to move most of the production of these electronic
components from China to the U.S. is to insulate
against possible U.S. tariffs. These products were both
re-designed
last
year,
which
included
making their electronics more manufacturing
friendly.
The re-design also made it more economical for
U.S. manufacturers to be
competitive
in the bidding process. Therefore, we expect this production move will enable us to recognize certain cost savings,
improve production efficiencies and
shorten supply chain lead-times
for these important
RedHawk products."
# # #
About RedHawk Holdings Corp.
RedHawk Holdings Corp., formerly Independence Energy Corp., is
a diversified holding company which, through its
subsidiaries, is engaged in sales and distribution of
medical devices, sales of branded generic
pharmaceutical drugs, commercial real
estate investment and leasing, sales of point
of entry full-body security systems, and
specialized financial services. Through its
medical products business unit, the Company sells
the Sharps and Needle Destruction Device
(SANDD™), WoundClot Surgical - Advanced Bleeding
Control, and the Carotid Artery
Digital Non-Contact Thermometer. Through our
United Kingdom based subsidiary, we manufacture and market
branded generic pharmaceuticals. RedHawk Energy holds the exclusive
U.S. manufacturing and distribution rights for the Centri
Controlled Entry System, a unique, closed cabinet, nominal dose
transmission full-body x-ray scanner.
Cautionary Statement Regarding Forward-Looking
Statements
This release may contain forward-looking statements.
Forward-looking statements are all statements other than
statements of historical fact. Statements contained in this release
that are not historical facts may be deemed to be
forward-looking statements. The words "anticipate," "may," "can,"
"plans," "believes," "estimates," "expects," "projects,"
"targets," "intends," "likely," "will," "should," "to be,"
"potential" and any similar expressions are intended to
identify those assertions as forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may
differ materially from that projected or suggested herein due to
certain risks and uncertainties. In evaluating
forward-looking statements, you should consider the various factors
which may cause actual results to differ materially from
any forward-looking statements including those listed in the "Risk
Factors" section of our latest 10-K report.
Further, the Company may make changes to its business plans
that could or will affect its results. Investors are
cautioned that the Company will undertake no obligation to update
any forward-looking statements.
Media
Contact:
Julie
Calzone
(337)
235-2924
jcalzone@calzone.com
Company
Contacts:
G. Darcy
Klug, Chairman,
CEO and CFO
(337)
269-5933
darcy.klug@redhawkholdingscorp.com
Investor
Relations:
Stephanie Prince, Managing
Director
PCG
Advisory
(646) 762-4518
sprince@pcgadvisory.com
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