In the news release, Byrna's Less-Lethal Technologies Gain
Traction in Argentina, issued
05-Oct-2023 by Byrna Technologies
Inc. over PR Newswire, we are advised by the company that the final
sentence of the fourth paragraph should not have been included. The
complete, corrected release follows:
Byrna's Less-Lethal Technologies Gain Traction in Argentina
ANDOVER,
Mass., Oct. 5, 2023 /PRNewswire/ -- Byrna
Technologies Inc. ("Byrna" or the "Company") (Nasdaq: BYRN), a
personal defense technology company specializing in the
development, manufacture, and sale of innovative less-lethal
personal security solutions, today announced a significant
expansion of its presence in Argentina where the discourse surrounding
less-lethal law enforcement methods and calls to equip police with
less lethal weapons have taken center stage in the midst of
presidential, provincial, and municipal elections.
The Córdoba Provincial Police force, which
comprises of approximately 40,000 officers, recently purchased
1,000 state-of-the-art launchers as part of Byrna's comprehensive
rollout that began earlier this year. Since then, local news media
have reported more than 40 successful deployments of Byrna
launchers by various specialized units of the Córdoba Provincial
Police, including road police, special surveillance, and patrol
units, highlighting the strong alignment of Byrna's products with
the needs of the market.
"This large-scale deployment of Byrna's
innovative solutions in the Córdoba Province demonstrates the
progressive move towards less-lethal security solutions in
Argentina," said Byrna CEO
Bryan Ganz. "Byrna launchers, in
combination with our powerful projectiles, offer the Córdoba
Provincial Police an effective means to neutralize aggressors and
threats without resorting to lethal force. This milestone signifies
our commitment to advancing less-lethal security options in the
region. As we expand our presence across South America through our joint venture, Byrna
LATAM, we view this as a pivotal steppingstone towards future
deployments. We eagerly anticipate collaborating with agencies in
Argentina as they embrace the
future of law enforcement through the adoption of less-lethal
technologies."
Byrna's impact extends beyond Córdoba, with
significant interest from other municipalities in Argentina. Argentina's capital and largest city,
Buenos Aires, employs a police
department of approximately 26,000 officers and recently took
delivery of their initial purchase of 500 Byrna launchers as well
as accessories and ammunition. The police departments
of Lanus, Tigre, and Ezeiza, municipalities near Buenos Aires, have each recently purchased
Byrna launchers and ammunition.
These partnerships highlight the broader shift in
Argentina towards less-lethal
weapons and are indicative of the ongoing discourse surrounding
less-lethal law enforcement methods. Byrna's growing foothold in
Argentina is a testament to the
effectiveness and demand for less-lethal law enforcement solutions
in the region.
Byrna remains dedicated to shaping the global
landscape of less-lethal security solutions. As the Company
continues to evolve and expand, its trajectory is marked by dynamic
collaborations that prioritize human life and security.
About Byrna Technologies Inc.
Byrna is
a technology company specializing in the development, manufacture,
and sale of innovative less-lethal personal security solutions. For
more information on the Company, please visit the corporate
website here or the Company's investor relations
site here. The Company is the manufacturer of the Byrna® SD
personal security device, a state-of-the-art handheld CO2 powered
launcher designed to provide a less-lethal alternative to a firearm
for the consumer, private security, and law enforcement markets. To
purchase Byrna products, visit the Company's e-commerce store.
Forward- Looking
Statements
This news release contains
"forward-looking statements" within the meaning of the securities
laws. All statements contained in this news release, other than
statements of current and historical fact, are forward-looking.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "expects," "intends,"
"anticipates," and "believes" and statements that certain actions,
events or results "may," "could," "would," "should," "might,"
"occur," or "be achieved," or "will be taken." Forward-looking
statements include descriptions of currently occurring matters
which may continue in the future. Forward-looking statements in
this news release include, but are not limited to, statements
regarding the expansion of Byrna LATAM in the South American
market, including future collaborations. Forward-looking statements
are not, and cannot be, a guarantee of future results or events.
Forward-looking statements are based on, among other things,
opinions, assumptions, estimates, and analyses that, while
considered reasonable by the Company at the date the
forward-looking information is provided, inherently are subject to
significant risks, uncertainties, contingencies, and other factors
that may cause actual results and events to be materially different
from those expressed or implied.
Any number of risk factors could affect our
actual results and cause them to differ materially from those
expressed or implied by the forward-looking statements in this news
release, including, but not limited to, challenges relating to
expansion in new markets, disappointing market responses to current
or future products or services; prolonged, new, or exacerbated
disruption of our supply chain; the further or prolonged disruption
of new product development; production or distribution or delays in
entry or penetration of sales channels due to inventory
constraints, competitive factors, civil unrest, increased shipping
costs or freight interruptions; prototype, parts and material
shortages; potential cancellations of existing or future orders
including as a result of any fulfillment delays, introduction of
competing products, negative publicity, or other factors; product
design defects or recalls; litigation, enforcement proceedings or
other regulatory or legal developments; changes in consumer or
political sentiment affecting product demand; regulatory factors
including the impact of commerce and trade laws and regulations;
import-export related matters or sanctions or embargos that could
affect the Company's supply chain or markets; and future
restrictions on the Company's cash resources, increased costs and
other events that could potentially reduce demand for the Company's
products or result in order cancellations. The order in which these
factors appear should not be construed to indicate their relative
importance or priority. We caution that these factors may not be
exhaustive; accordingly, any forward-looking statements contained
herein should not be relied upon as a prediction of actual results.
Investors should carefully consider these and other relevant
factors, including those risk factors in Part I, Item 1A, ("Risk
Factors") in the Company's most
recent Form 10-K, should understand it is impossible
to predict or identify all such factors or risks, should not
consider the foregoing list, or the risks identified in the
Company's SEC filings, to be a complete discussion of all potential
risks or uncertainties, and should not place undue reliance on
forward-looking information. The Company assumes no obligation to
update or revise any forward-looking information, except as
required by applicable law.
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SOURCE Byrna Technologies Inc.