AMMO, Inc. Enters into Exclusive U.S. Distribution Agreement with BioAmmo (Spain) to Sell Cutting Edge & Patented Biodegradable Shotgun Shells
SCOTTSDALE, Ariz., March 9, 2021 — 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 entered into a Commercial Distribution Agreement with BIO AMMO, S.L. dated March 3, 2021 (the “Agreement”) which provides the Company with the exclusive U.S. distribution rights to sell BIO AMMO’s patented biodegradable shotgun shells. BIO AMMO’s patented 12-gauge lead and steel cartridges are designed for both hunting and sport shooting and currently sold in 20 countries. BIO AMMO has been tested and certified through TÜV AUSTRIA, World leader in certification of bioplastics. Research and development is in process to manufacture complimentary biodegradable pistol, small and large rifle ammunition to expand the portfolio of Eco-friendly munitions.
“We couldn’t be more excited about partnering with BIO AMMO and having the opportunity to present their patented biodegradable shotgun shells to the US Market through our expansive sales and distribution channels,” said Fred Wagenhals, AMMO’s Chairman and CEO. Mr. Wagenhals continued, noting that “we became aware of BIO AMMO’s product in the EU market, thoroughly tested its performance and were impressed by their patented technology which offers premium shotgun cartridge performance through an environmentally sensitive biodegradable design. We expect the US shooting public, military and law enforcement markets are going to be as excited as we are about this product, and the “BIOBULLET” ammunition which is currently in late stage research and development.”
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.
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Investor Contact:
Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
IR@ammo-inc.com