AMMO, Inc. Enters into Exclusive U.S. Distribution Agreement with BioAmmo (Spain) to Sell Cutting Edge & Patented Biodegradab...
March 09 2021 - 8:00AM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to announce that it has entered into
a Commercial Distribution Agreement with BIO AMMO, S.L. dated March
3, 2021 (the “Agreement”) which provides the Company with the
exclusive U.S. distribution rights to sell BIO AMMO’s patented
biodegradable shotgun shells. BIO AMMO’s patented 12-gauge lead and
steel cartridges are designed for both hunting and sport shooting
and currently sold in 20 countries. BIO AMMO has been tested and
certified through TÜV AUSTRIA, World leader in certification of
bioplastics. Research and development is in process to manufacture
complimentary biodegradable pistol, small and large rifle
ammunition to expand the portfolio of Eco-friendly munitions.
“We couldn’t be more excited about partnering
with BIO AMMO and having the opportunity to present their patented
biodegradable shotgun shells to the US Market through our expansive
sales and distribution channels,” said Fred Wagenhals, AMMO’s
Chairman and CEO. Mr. Wagenhals continued, noting that “we became
aware of BIO AMMO’s product in the EU market, thoroughly tested its
performance and were impressed by their patented technology which
offers premium shotgun cartridge performance through an
environmentally sensitive biodegradable design. We expect the US
shooting public, military and law enforcement markets are going to
be as excited as we are about this product, and the “BIOBULLET”
ammunition which is currently in late stage research and
development.”
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
This press release contains certain
“forward-looking statements”. All statements other than statements
of historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including, but not limited to,
any projections of earnings, revenue or other financial items; any
statements of the plans, strategies, goals and objectives of
management for future operations; any statements concerning
proposed new products and services or developments thereof; any
statements regarding future economic conditions or performance; any
statements of belief; and any statements of assumptions underlying
any of the foregoing.
Forward looking statements may include the words
“may,” “could,” “estimate,” “intend,” “continue,” “believe,”
“expect” or “anticipate” or other similar words, or the negative
thereof. These forward-looking statements present our estimates and
assumptions only as of the date of the statements. Accordingly,
investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the dates on
which they are made. Such forward-looking statements are based on
our current beliefs and expectations, which we believe are
reasonable. However, forward-looking statements are subject to
significant known and unknown risks and uncertainties that may
cause actual results, performance or achievements in future periods
to differ materially from those assumed, projected or contemplated
in the forward-looking statements 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
our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and
Current Reports filed on Form 8-K
Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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