ANDOVER,
Mass., March 11, 2024 /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 that the Córdoba
Provincial Police force in Argentina has committed to purchasing 10,000
Byrna launchers, augmenting the 5,000 launchers previously
purchased by the police force last year through Bersa S.A., Byrna's
distributor in the region. To date, over 10,000 officers in the
force have been trained to use the less-lethal launchers, which are
now actively employed by various specialized units within the
Córdoba Provincial Police. The Ministry of Security has also
committed to having 100% of the force trained with Byrna launchers
by the end of 2024.
This initiative includes a recently completed training session
for 300 officers through Byrna's T3 (Train-The-Trainer) training
program. The T3 program equips officers to effectively teach the
use of Byrna's less-lethal launchers, ensuring safe and effective
deployment in line with international standards. The training
underlines Byrna's commitment to enhancing law enforcement
capabilities with less-lethal solutions.
"Since the first order with the Córdoba Provincial Police force
last year, we have received incredible support that led to this
latest commitment," said Byrna CEO Bryan
Ganz. "This large-scale deployment proves that the adoption
of less-lethal weapons for law enforcement is accelerating,
particularly in Argentina. We look
forward to continuing to work with the Córdoba Provincial Police
force as well as others throughout South
America to promote the use of less-lethal security
solutions."
The police departments of Lanus, Tigre, and Ezeiza,
municipalities near Buenos Aires,
Argentina have also been using Byrna launchers and
ammunition in their units. While sales through Bersa S.A., are not
directly reflected in Byrna's reported numbers, these recent
deployments highlight the broader shift towards less-lethal weapons
throughout the region.
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,"
"will," "anticipates," and "believes" and statements that certain
actions, events or results "may," "could," "would," "should,"
"might," "occur," "be achieved," or "will continue to."
Forward-looking statements in this news release include, but are
not limited to, statements regarding preliminary revenue for the
first fiscal quarter of 2024, Byrna's plans to continue to
implement its revised marketing strategy, the expected benefits of
celebrity endorsements, the likelihood of repeat orders from new
customers, and Byrna's ability to expand its market reach or
increase sales. Forward-looking statements include descriptions of
currently occurring matters which may continue in the
future. 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, potential cancellations of existing or future
orders including as a result of any fulfillment delays,
introduction of competing products, negative publicity, other
factors, changes in the markets for security products and
non-lethal defense technology could have a material adverse impact
on our business, financial condition and results of operations. 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 our 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 our 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.