Tampa, FL – (TSX-V: SDZ) (OTCBB: SDEV)
Security Devices International Inc. (“SDI” or “the Company”) today announced the signing of a five-year, non-exclusive, renewable Technology License and Supply Agreement (“TLSA”) with United Tactical Solutions (“UTS”) of Chicago, IL. UTS is a global provider of specialized less-lethal solutions, with an extensive U.S. customer base, and international customers in dozens of countries.
Under the terms of the TLSA, UTS will purchase volume quantities of SDI’s full range of products for private labeling and re-sale under the UTS Conflict Defense Solutions (“CDS”) brand. Sales will be through the global UTS network of more than 6,000 customers across military, law enforcement and correctional services agencies.
The TLSA includes an initial Standing Offer from UTS for US$500,000 as a contracting vehicle for volume purchases, with related provisions that guarantee minimum annual quantity purchases.
The TLSA also provides SDI with access to the UTS training network of more than 100 less- lethal trainers for end-user certification on SDI products within these agencies. Such training and certification is a major factor in customer up-take and adoption of the Company’s products.
Company President Gregory Sullivan commented, “This is a key milestone in SDI’s market development strategy, with the potential to add significantly to recent sales momentum. We look forward to working closely with UTS in order to realize the full potential that this opportunity presents for both companies.”
George Eurick, CEO of UTS, added, “As a global supplier of non-lethal solutions, UTS seeks out strategic products to complement its offerings and is very excited to now include SDI’s suite of unique 40MM projectiles. Our assessment is that SDI’s technology leads the market in performance and fills a critical niche in the mission set and intervention requirements of our customers in the U.S., and around the world.” 
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of SDI in any jurisdiction.
Forward Looking Statement
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements including information with respect to the offering. Because of certain risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although SDI believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward- looking statements will prove to be correct. Except as required by law, SDI disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For additional information on SDI contact:
Allen EZER, Exec. VP
T: 416-453-7798
Or visit: www.securitydii.wpengine.com
For additional information on UTS contact:
Atria GILLIGAN, Corporate Relations
T: 858-638-0236
Or visit: www.pepperball.com
Recent Blog Posts
What is less lethal? What makes it less lethal?By SDI on February 24, 2017
40mm Launcher Choices for the BIPBy SDI on February 8, 2017
The BIP’s design makes it the most effective & safest less lethal roundBy SDI on January 11, 2017
Bean Bag Rounds for 12 Gauge Shot Gun [2nd Edition]By SDI on December 28, 2016
Price comparison lethal vs. nonlethal weaponsBy SDI on December 11, 2016
Receive our Press Releases
Archives
- November 2018
- October 2018
- July 2018
- April 2018
- December 2017
- September 2017
- August 2017
- June 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- March 2014
- February 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- October 2012
- September 2012
- July 2012
- June 2012
- May 2012
- January 2012
- November 2011
- April 2011
Security Devices International
Security Devices International (SDI) is a defense technology company focused on less lethal munitions and equipment. We develop, patent, manufacture and market the 40mm Blunt Impact Projectile ("BIP"), the 40mm Collapsible Head Impact Projectile ("CHIP") and the stabilized finned projectile ("SFP") for .68 / .49 cal rounds.
Corporate Office
US:
107 Audubon Road
Building 2, Suite 201
Wakefield, MA 01880
CA:
330-4104 Fairview Street
Burlington, Ontario L7L 4Y8
Canada
Tel 978-868-5011
Mail [email protected]