SCOTTSDALE, AZ, May 21, 2019 (GLOBE NEWSWIRE) -- AMMO, Inc. (“AMMO”) (OTCQB: POWW), a technology leader and premier American ammunitions manufacturer, today announced that its wholly owned subsidiary, Jagemann Munition Components (“Jagemann”), has expanded its product line to compliment AMMO, Inc’s growth strategy within the defense marketplace.
AMMO’s Global Tactical Defense Division’s innovative line of match grade hard armor piercing incendiary (HAPI) rounds, branded as TAC-P™ precision tactical munitions, are the centerpiece of the Company’s strategy to address the unique needs the armed forces community demands are met by their equipment. Following AMMO’s acquisition of Jagemann’s brass casings business in March, the Company has aligned its manufacturing operations to support the large caliber demand from military personnel, such as the 12.7mm and .50 caliber BMG configurations. Jagemann is accepting orders for these high-quality brass casings to interested parties.
Fred Wagenhals, CEO of AMMO, Inc. commented, “It has been clear to us since our first interactions with the Jagemann team that we possessed very complimentary businesses and I am excited to demonstrate this alignment operating as a singular organization that can deliver industry leading innovations that helps save lives. The development and manufacturing of these large caliber rounds has been a year in the making, and we expect our vertical integration to support our ongoing efforts to further expand the portfolio to include other large caliber rifle rounds as well. We are uniquely positioned to respond to demand in the marketplace and the combination of our manufacturing platforms are allowing us to strengthen the service we provide to customers globally.”
About AMMO, Inc.
AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, hunting, 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, including its patented STREAK™ Visual Ammunition, the Jesse James line of munitions and accessories, /stelTH/ subsonic munitions, O.W.L. Technologies®, TAC-P™ Tactical Precision Defense munitions, and OPS (One Precise Shot), a lead-free frangible tactical line of munitions for self-defense. The Company’s corporate office is headquartered in Scottsdale, Arizona, and operates a munitions manufacturing facilities in Payson, Arizona, as well as a brass casings manufacturing facility in Manitowoc, Wisconsin. For more information please visit: www.ammoinc.com
Forward Looking Statements
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In our filings with the Securities and Exchange Commission, references to “AMMO, Inc.”, “AMMO”, “the Company”, “we,” “us,” “our” and similar terms refer to AMMO, Inc. and its wholly owned operating subsidiaries The Enlight Group (d/b/a Jagemann Munition Components), SNI, LLC and Ammo Technologies, Inc.”
Investor Contact:
Jeff Sonnek
ICR, Inc.
Phone: (646) 277-1263
jeff.sonnek@icrinc.com
Media Contact:
Mark Hanish
President of Global Commercial Sales & Marketing
Phone: (480) 530-2827
mhannish@ammo-inc.com