Byrna Begins U.S. Ammo Production, Establishing Domestic Capacity of 8 Million Rounds Per Year
13 Março 2025 - 5:05PM
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 its first U.S.-based ammunition production facility in Fort
Wayne, Indiana is now operational. Located just five miles from
Byrna’s existing launcher production facility, this expansion
advances the Company’s transition to fully domestic manufacturing,
enhancing supply chain reliability and positioning the Company to
meet growing demand with improved efficiency.
With the new facility, Byrna will have the
capacity to produce 8 million rounds of its proprietary less-lethal
ammunition per year. Production will initially be powered by three
SAM machines and one Amtek machine, which are expected to reach
full output by mid-April. Byrna relocated this equipment from South
Africa under the oversight of COO John Brasseur. The facility
operates on a 116-hour weekly schedule, running two shifts Monday
through Thursday, plus a weekend shift. Byrna is also evaluating
the addition of two more SAM machines, which would increase monthly
output capacity by approximately 150,000 rounds.
“The opening of our ammo production facility in
Fort Wayne ensures we can meet demand while maintaining the highest
production standards,” said Byrna CEO Bryan Ganz. “Bringing ammo
manufacturing in-house strengthens our ability to control costs,
reduce lead times, and guarantee product consistency for our
customers.”
Brasseur, who managed the relocation and
integration of production equipment, emphasized the seamless
transition: “The facility looks fantastic, and the team is ready to
go. This move allows us to produce at scale while maintaining
flexibility to adjust production as needed.”
By manufacturing domestically, Byrna is further
aligning with its long-term goal of consolidating all production in
the United States.
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 StatementsThis
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,” “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 Byrna’s
ammunition production capacity, future production output, the
timeline for reaching full operational capacity, potential
expansion of manufacturing capabilities, Byrna’s ability to
consolidate all production in the United States, and the expected
benefits of domestic production. 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 delays with
implementing domestic production, challenges that could be
encountered with moving other aspects of production to the United
States, and potential increased labor or material costs that could
outweigh other benefits of domestic production. 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.
Investor Contact:Tom Colton and Alec
WilsonGateway Group, Inc.949-574-3860BYRN@gateway-grp.com
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