Security Devices International Inc. Enters Multi-Year Agreement to Supply Safariland with SDI's Patented Collapsible Head 40m...
June 19 2017 - 6:00AM
Marketwired
Security Devices International Inc. Enters Multi-Year Agreement
to Supply Safariland with SDI's Patented Collapsible Head 40mm
Projectiles
PERRY, FL-(Marketwired - Jun 19, 2017) - Security Devices
International Inc. (TSX VENTURE: SDZ) (OTCBB: SDEV) ("SDI") with
U.S. offices in Perry, FL and Fitchburg, MA is pleased to announce
the signing of a multi-year agreement to provide its patented
collapsible head blunt impact projectiles (BIPs) and collapsible
head payload projectiles including OC (pepper spray), CS (tear
gas), ML (marking liquid), MP (marking powder), MO (malodorant), IN
(inert powder) and DNA (plant based DNA forensic marking rounds) to
The Safariland Group (Safariland), headquartered in Jacksonville,
FL.
SDI will supply BIPs and payload projectiles to Safariland for
integration with Safariland's proprietary propulsion system. These
new rounds will be marketed under the industry-leading Defense
Technology brand name. The first shipment of rounds was made as of
the date of this press release.
SDI believes that this agreement with Safariland validates the
more than five years of research and development that SDI has
invested in the creation of the collapsible head 40mm round. SDI
further believes that by working in partnership with Safariland,
together the companies can reach a far larger market for the BIP
than SDI would be able to reach on its own. Bryan Ganz, President
of SDI, stated "This is an important agreement for SDI as
Safariland has an extensive distribution network with access to a
broad customer base that we know can benefit from the SDI
technology."
About Security Devices International, Inc.
Security Devices International Inc. is an industry leader in the
area of 40mm blunt impact projectile technology. Its patented
collapsible head design has made it possible to fire a heavier
projectile with improved accuracy and greater stopping power over a
wider range of distances without significant risk of serious injury
to the target. The increased operational range and greater stopping
power of these rounds has provided a valuable less lethal tool for
police, correctional services and anti-riot personnel.
About The Safariland Group
The Safariland Group is a leading global provider of a broad
range of safety and survivability products designed for the public
safety, military, professional and outdoor markets. The Safariland
Group offers a number of recognized brand names in these markets
including Safariland®, Med-Eng®, ABA®, Second Chance®, VIEVU®,
Mustang Survival®, Bianchi®, Break Free®, PROTECH® Tactical,
Defense Technology®, Hatch®, Monadnock®, Identicator® and NIK®. The
Safariland Group's mission, "Together, We Save Lives", is inherent
in the lifesaving and protective products it delivers. The
Safariland Group is headquartered in Jacksonville, Florida.
The Safariland Group is a trade name of Safariland, LLC.
FORWARD-LOOKING STATEMENTS
Certain statements in this news release constitute
forward-looking statements. These statements relate to future
events or SDI's future performance and include the expansion of
SDI's product offering. All such statements involve substantial
known and unknown risks, uncertainties and other factors, which may
cause the actual results to vary from those expressed or implied by
such forward-looking statements. Forward-looking statements involve
significant risks and uncertainties, they should not be read as
guarantees of future performance or results, and they will not
necessarily be accurate indications of whether or not such results
will be achieved. Actual results could differ materially from those
anticipated due to a number of factors and risks. Although the
forward-looking statements contained in this news release are based
upon what management of SDI believes are reasonable assumptions on
the date of this news release, SDI cannot assure investors that
actual results will be consistent with these forward-looking
statements. The forward-looking statements contained in this press
release are made as of the date hereof and SDI disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities
regulations.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
CONTACT: Security Devices International Inc. Bryan Ganz
President Email: bganz@securitydii.com www.securitydii.com
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