AMMO, Inc. Initiates Shipment of Ammunition to EU Ally Nation, Including its Patented Armor Piercing Rounds
23 March 2021 - 11:30PM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to announce that it has released a
shipment, under a US State Department export license, its U.S.
patented armor piercing (“AP”) and other military grade ammunition,
for delivery to a European ally governmental body. The products
include:
● |
.338
Lapua Magnum |
● |
.338
Lapua Magnum Armor Piercing |
● |
.50 BMG
Armor Piercing |
● |
.50 BMG
M33 Linked Ball |
“In partnership with our international partners,
the markets are beginning to learn how to operate globally in a
post-COVID environment and we were pleased to support an ally
nation with the manufacture of our best-in-class military grade
ammunition, including our U.S. patented AP rounds,” said Fred
Wagenhals, AMMO’s Chairman and CEO. Mr. Wagenhals further noted
that ”our team is excited about the opportunities in front of us to
expand our footprint internationally as we support law enforcement
and military branches within the European Union and our allies
worldwide in compliance with the U.S. State Department export
licensure rules. These products are high performance and, in part,
integrate our U.S. patented armor piercing penetrator, ensuring
enhanced performance and thus safety for the end-user.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona. AMMO designs and manufactures products for a
variety of aptitudes, including law enforcement, military, sport
shooting and self-defense. The Company was founded in 2016 with a
vision to change, innovate and invigorate the complacent munitions
industry. AMMO promotes branded munitions as well as its patented
STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor
piercing rounds for military use. For more information, please
visit: www.ammo-inc.com.
Forward Looking Statements
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statements”. All statements other than statements of historical
fact are “forward-looking statements” for purposes of federal and
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projections of earnings, revenue or other financial items; any
statements of the plans, strategies, goals and objectives of
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readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the dates on
which they are made. We do not undertake to update forward-looking
statements to reflect the impact of circumstances or events that
arise after the dates they are made. You should, however, consult
further disclosures and risk factors we include in Annual Reports
on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on
Form 8-K.
Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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