AMMO, Inc. Invests in Additional Machinery to Further Increase Manufacturing and Production Capacity
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AMMO, Inc. Invests in Additional Machinery to Further Increase Manufacturing and Production Capacity

SCOTTSDALE, AZ, July 14, 2020 — AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, has made additional investments in new machinery to further increase the Company’s manufacturing and production capacity at its facility in Payson, AZ.

 In the coming weeks, AMMO will be adding new loading, inspection and priming machines, along with a new laser machine to be utilized for the Company’s production of its proprietary STREAK ammunition offerings. Once the new machinery is up and running, the Company expects the following daily capacity increases by year-end of calendar 2020 compared to year-end of calendar 2019:

  • Pistol loading daily capacity to increase by nearly 500%
  • Rifle loading daily capacity to increase by nearly 170%
  • STREAK ammunition daily production capacity to increase by nearly 600%

Through the expansion of its current capacity with the new machinery, AMMO expects this investment to reduce costs, make the overall manufacturing process more efficient, and allow the company to increase production of its higher margin products.

“Further expanding our manufacturing and production capacity will allow us to continue meeting the heightened demand that our business has experienced over the past several months,” said Fred Wagenhals, AMMO’s CEO. “With a minimum capital expenditure investment of $2 million, we have increased our machines’ maximum daily capacity and our year-over-year production output across nearly all of our channels. By making these investments in our equipment, we can ensure that we are providing the highest quality service and products to our customers while meeting their increased demands in a timely manner.”

About AMMO, Inc.

AMMO was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. The Company designs and manufactures products for a variety of markets, including law enforcement, military, hunting, sport shooting and self-defense. AMMO promotes branded munitions, including its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and O.W.L. Technologies. The Company’s corporate offices are headquartered in Scottsdale, Arizona. Manufacturing operations are based in both northern Arizona and Manitowoc, Wisconsin. For more information please visit: www.ammoinc.com.

Forward Looking Statements

This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, 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.

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:
Cody Slach
Gateway Investor Relations
Phone: (949) 574-3860
POWW@gatewayir.com

 

 

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