Byrna Technologies Equips City of Buenos Aires Police with 500 Launchers
17 Luglio 2024 - 2:30PM
Byrna Technologies Inc. (“Byrna” or the
“Company”) (Nasdaq: BYRN), a technology company
specializing in the development, manufacture, and sale of
innovative less-lethal personal security solutions, today announced
the city of Buenos Aires has purchased 500 Byrna SDs for its police
force. This large order was highlighted in a recent demonstration
held by the City of Buenos Aires (the “City”) and Mayor Jorge
Macri, where they demonstrated the training of police officers with
these new less-lethal devices at the Higher Institute of Public
Security (ISSP). The City Police will integrate 500 Byrna SDs into
their operations next month, with personnel already undergoing
training.
Last week, the City demonstrated how police
officers are being trained with the new Byrna SDs, capable of
deactivating a threat from up to 20 meters away. This training
ensures that officers are proficient in using these
state-of-the-art launchers to enhance street safety.
Mayor Macri stated that the City of Buenos Aires
is continually incorporating new technology to tackle various forms
of crime and confrontations with criminals, and he emphasized the
importance of Byrna’s technology in modern policing, noting its
reduced lethality and extended range compared to handheld stun
guns, making it an intermediary step before the use of
firearms.
The Byrna SD is Byrna’s most popular less-lethal
pistol. Powered by compressed air (CO2), it shoots .68 caliber
round kinetic and/or chemical irritant projectiles that can disable
a threat from up to 50 feet away, providing a powerful and
non-lethal self-defense option.
Byrna CEO Bryan Ganz commented, “The City of
Buenos Aires’ decision to equip their police force with Byrna SDs
is a testament to the effectiveness and reliability of our
less-lethal solutions. The demonstration and endorsement by city
officials underscore the critical role less-lethal weapons play in
public safety. Byrna is gaining strong traction in Latin America,
securing significant orders with large governments and police
forces, further validating our progress toward enhancing global
safety.”
Photo courtesy of infocronos.com.ar.
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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," "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,
our statements related to the timing and magnitude of growth in the
Latin American market. 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, 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 disruption
or delays in entry or penetration of sales channels due to
inventory constraints, competitive factors, increased
transportation costs or interruptions, including due to weather,
flooding or fires; prototype, parts and material shortages,
particularly of parts sourced from limited or sole source
providers; determinations by third party controlled distribution
channels not to carry or reduce inventory of the Company’s
products; determinations by advertisers or social media platforms,
or legislation that prevents or limits marketing of some or all
Byrna products; the loss of marketing partners; 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 or
manufacturing 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; 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.
Investor Contact:Tom Colton and Alec
WilsonGateway Group, Inc. 949-574-3860BYRN@gateway-grp.com
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