AMMO, Inc. Restarts Upgraded .50 Cal Production Line
February 02 2021 - 8:30AM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to report that it is has restarted
its improved .50 caliber manufacturing line to address increased
market demand and fulfill current orders.
AMMO’s state of the art .50 cal line operates
out of the Company’s Jagemann Munition Components (“JMC”) plant
located in Manitowoc, Wisconsin. Following the March 2019
acquisition of JMC, AMMO integrated its brass casing manufacturing
operations and initiated the planned standing up of military lines
within the plant. The work was undertaken to improve upon JMC’s .50
cal machinery, which has brought the Company to today. The .50 cal
is a devastating long distance round relied upon by military units
around the globe for approximately 100 years. Increasing
indications of export interest from abroad and the development of
orders ensured the enhancement of this critical military line was
moved front and center as the world learned anew how to manage
international business in a post-COVID environment. inception
“2021 has started off to be a great year for
AMMO, but we continue to research the market and expand upon our
capabilities in ways to maintain our record-setting momentum. Our
.50 cal manufacturing capacity allows us to answer the mail for our
international channel partners with a critically needed military
product.,” said Fred Wagenhals, AMMO’s Chairman & CEO. Mr.
Wagenhals further explained that “we can produce 1 million rounds
today - and with limited investment, we can expand monthly
production to 2.5 million rounds. The anticipated minimum annual
revenue is approximately $40,000,000 at current production levels.
And at full production, our .50 cal line is capable of generating
in excess $80,000,000 in annual revenue.” Mr. Wagenhals closed by
noting that “it was both prudent and strategic for AMMO to expend
the money and engineering resources to bring our redesigned and
enhanced .50 cal presses online as we fully expect it will
facilitate our securing international military sales, while
increasing our top and bottom revenue lines.”
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 armor
piercing rounds for military use. For more information please
visit: www.ammo-inc.com.
Forward Looking Statements
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forward-looking statements, which speak only as of the dates on
which they are made. 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 Reports filed on
Form 8-K.
Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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