AMMO, Inc. Expands its Military-Grade Precision Loading Capacity
March 18 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 acquired a new
high precision ammunition loading line which it will stand up in
its Manitowoc, WI plant.
Precision rifles and high-end optics have
increased the effective range of the military and civilian
precision rifle shooter many times over the past decade. The U.S.
military understandably has exacting manufacturing standards for
precision (sniper) ammunition which must be repeatable at
significant volume. Civilian shooter enthusiasts have historically
handloaded their rifle ammunition to produce consistent results to
maximize the accuracy of their system – a luxury not afforded the
military sniper community. AMMO’s new high precision rifle loading
line is engineered to build the handloaded consistency and quality
the end-users demand, while being produced in volume in the
Company’s state-of-the-art factory. The line’s primary role will be
to produce high precision cartridges featuring AMMO’s U.S. patented
armor piercing projectiles for military and law enforcement
snipers, while also serving the Company’s civilian long range rifle
shooters with match grade ammunition.
“Through our engagement with our military
partners, we have developed a thorough understanding of the
critical requirement to be able to mass produce precision
performance large rifle ammunition. Our team identified this
state-of-the-art machinery and moved swiftly to close the
transaction to ensure we are prepared to perform under the
incredibly demanding U.S. military specifications for precision
sniper ammunition,” said Fred Wagenhals, AMMO’s Chairman & CEO.
Mr. Wagenhals also noted that “we plan on continuing to
strategically and measurably increase our capacity as we have done
methodically through the course of the past eighteen months to meet
growing end-user demand across all markets.”
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.
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on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on
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Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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