Micron Products, Inc. and Security Devices International, Inc. (TSX-V:SDZ) (OTCBB:SDEV) enter into exclusive multi-year sup...
August 07 2017 - 2:18PM
Micron Products, Inc., a wholly owned subsidiary of Micron
Solutions, Inc. (NYSE American:MICR) (“Micron”) with U.S.
offices in Fitchburg, MA, is pleased to announce that the Company
has entered into a multi-year agreement with Security Devices
International, Inc. (“SDI”) to supply SDI with its patented
collapsible head blunt impact projectiles (BIPs) and collapsible
head payload projectiles including OC, CS, ML (marking liquid), MP
(marking powder), MO (mal-odorant), IN (inert powder) and DNA
Marking as well as it less lethal Glass Break rounds (GB-OC and
GB-CS).
Under this agreement, Micron is the exclusive contract
manufacturer of a variety of products for SDI who is a leader in
the area of 40mm blunt impact projectile technology.
SDI’s patented collapsible head design has made it possible to fire
a heavier projectile with greater accuracy and greater stopping
power over a wide range of distances with significantly reduced
risk of serious injury or death. The increased range
and greater stopping power has provided a valuable less lethal tool
for police, correctional services and anti-riot personnel, “After
five years of close collaboration and development, we are excited
to be a part of SDI’s next phase of commercialization. We are
very pleased to be working with SDI as they begin to expand into
new markets worldwide. We look forward to supplying SDI and their
customers with this truly ground-breaking technology,” commented
Salvatore Emma, Micron’s President and CEO.
Bryan Ganz, President of SDI continued, “Micron has been an
integral part of the development of the BIP and collapsible head
payload rounds. We at SDI look forward to working closely
with our manufacturing partner to continue to develop exciting new
products that will keep SDI at the leading edge of the less lethal
technology curve. In fact, there are several products that
are currently in development which we cannot discuss at this time
but which we hope to be able to release later this year.”
About Micron Solutions, Inc.
Micron Solutions Inc., through its wholly-owned subsidiary,
Micron Products, Inc., is a diversified contract manufacturing
organization that produces highly-engineered, innovative medical
device components requiring precision machining and injection
molding. The Company also manufactures components, devices
and equipment for military, law enforcement, industrial and
automotive applications. In addition, the Company is a market
leader in the production and sale of silver/silver chloride coated
and conductive resin sensors used as consumable component parts in
the manufacture of integrated disposable electrophysiological
sensors. The Company’s strategy for growth is to build a
best-in-class contract manufacturer with a specialized focus on
plastic injection molding and highly-engineered medical devices and
components requiring precision machining.
The Company routinely posts news and other important information
on its websites:
http://www.micronsolutionsinc.com and
http://www.micronproducts.com
About Security Devices International Inc.
SDI is a less-lethal company specializing in the sale of
innovative, next generation non-lethal ammunition and tactical
gear. The Company’s munitions solutions are a safer alternative to
conventional crowd control devices currently in the marketplace,
such as beanbags and batons as well as plastic, wood and rubber
bullets. SDI is currently deploying their family of non-lethal
munitions to law enforcement, correctional services and homeland
security agencies across the globe.
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.
Safe Harbor Statement
Forward-looking statements made herein are based on current
expectations of Micron Solutions, Inc. (“our” or the “Company”)
that involve a number of risks and uncertainties and should not be
considered as guarantees of future performance. The factors that
could cause actual results to differ materially include our ability
to obtain and retain order volumes from customers who represent
significant proportions of net sales; our ability to maintain our
pricing model, offset higher costs with price increases and/or
decrease our cost of sales; variability of customer delivery
requirements; the level of and ability to generate sales of
higher margin products and services; our ability to renew our
credit facility and manage our level of debt and provisions in the
debt agreements which could make the Company sensitive to the
effects of economic downturns and limit our ability to react to
changes in the economy or our industry; failure to comply with
financial and other covenants in our credit facility; reliance on
revenues from exports and impact on financial results due to
economic uncertainty or downturns in foreign markets; volatility in
commodity and energy prices and our ability to offset higher costs
with price increases; continued availability of supplies or
materials used in manufacturing at competitive prices; variations
in the mix of products sold; continued availability of supplies or
materials used in manufacturing at competitive prices; and the
amount and timing of investments in capital equipment, sales and
marketing, engineering and information technology resources.
More information about factors that potentially could affect the
Company's financial results is included in the Company's Annual
Report on Form 10-K and other filings with the Securities and
Exchange Commission.
For more information, contact:
Micron Products, Inc.
Derek T. Welch, CFO
978.345.5000
Security Devices International Inc.
Dean Thrasher
905-582-6402 ext. 104
President & CEO
www.securitydii.com
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