NAPC Defense, Inc. (OTCPK: BLIS) issues Progress Report regarding Large Contract with Saudi Arabia
NAPC Defense, Inc. (OTCPK: BLIS) has reported progress on its $370 million contract with Saudi Arabia for 37,000 CornerShot units. The company recently conducted successful demonstrations at the Tabuk military installation, with two more scheduled in November. The final contract is expected to include a technology transfer agreement over five years, providing NAPC with additional fees.
NAPC plans to attend the National SWAT Team show in Florida and anticipates live fire demonstrations in Florida and New Jersey. These are expected to generate significant sales in Q1 2025. CEO Kenny West affirmed that sales projections and net profit forecasts for 2025 remain on target.
NAPC Defense, Inc. (OTCPK: BLIS) ha riportato progressi sul suo contratto da 370 milioni di dollari con l'Arabia Saudita per 37.000 unità CornerShot. L'azienda ha recentemente condotto dimostrazioni di successo presso l'installazione militare di Tabuk, con altre due programmate per novembre. Si prevede che il contratto finale includa un accordo di trasferimento tecnologico della durata di cinque anni, fornendo a NAPC ulteriori commissioni.
NAPC prevede di partecipare al National SWAT Team show in Florida e anticipa dimostrazioni di fuoco vivo in Florida e nel New Jersey. Queste sono destinate a generare vendite significative nel primo trimestre del 2025. Il CEO Kenny West ha confermato che le proiezioni di vendita e le previsioni di profitto netto per il 2025 rimangono in linea con gli obiettivi.
NAPC Defense, Inc. (OTCPK: BLIS) ha reportado avances en su contrato de 370 millones de dólares con Arabia Saudita para 37,000 unidades CornerShot. La compañía realizó recientemente exitosas demostraciones en la instalación militar de Tabuk, con dos más programadas para noviembre. Se espera que el contrato final incluya un acuerdo de transferencia de tecnología por un período de cinco años, proporcionando a NAPC tarifas adicionales.
NAPC planea asistir al National SWAT Team show en Florida y anticipa demostraciones en vivo en Florida y Nueva Jersey. Se espera que estas generen ventas significativas en el primer trimestre de 2025. El CEO Kenny West afirmó que las proyecciones de ventas y las previsiones de ganancias netas para 2025 siguen en camino.
NAPC Defense, Inc. (OTCPK: BLIS)는 3억 7천만 달러 계약에 대해 사우디 아라비아와 37,000개의 CornerShot 유닛에 대한 진전을 보고했습니다. 회사는 최근 타북 군사 기지에서 성공적인 시연을 실시했으며, 11월에도 두 차례 더 예정되어 있습니다. 최종 계약에는 5년에 걸친 기술 이전 계약이 포함될 것으로 예상되며, NAPC에 추가 수수료를 제공할 것입니다.
NAPC는 플로리다에서 열리는 National SWAT Team show에 참석할 계획이며, 플로리다와 뉴저지에서 라이브 사격 시연을 예상하고 있습니다. 이러한 시연은 2025년 1분기에 상당한 매출을 창출할 것으로 예상됩니다. CEO 케니 웨스트는 2025년 판매 예상치와 순이익 예측이 목표에 부합한다고 확언했습니다.
NAPC Defense, Inc. (OTCPK: BLIS) a rapporté des progrès concernant son contrat de 370 millions de dollars avec l'Arabie Saoudite pour 37 000 unités CornerShot. L'entreprise a récemment effectué des démonstrations réussies à l'installation militaire de Tabuk, avec deux autres prévues en novembre. Le contrat final devrait inclure un accord de transfert de technologie sur cinq ans, fournissant à NAPC des frais supplémentaires.
NAPC prévoit d'assister au National SWAT Team show en Floride et anticipe des démonstrations de tir en Floride et dans le New Jersey. Celles-ci devraient générer des ventes significatives au premier trimestre 2025. Le PDG Kenny West a confirmé que les prévisions de ventes et les prévisions de bénéfices nets pour 2025 restent sur la bonne voie.
NAPC Defense, Inc. (OTCPK: BLIS) hat Fortschritte bei seinem 370 Millionen Dollar Vertrag mit Saudi-Arabien für 37.000 CornerShot-Einheiten gemeldet. Das Unternehmen führte kürzlich erfolgreiche Demonstrationen an der Tabuk Militärbasis durch, mit zwei weiteren, die für November geplant sind. Es wird erwartet, dass der endgültige Vertrag ein Technologietransferabkommen über fünf Jahre umfasst, das NAPC zusätzliche Gebühren einbringt.
NAPC plant, an der National SWAT Team Show in Florida teilzunehmen und rechnet mit Live-Feuer-Demonstrationen in Florida und New Jersey. Diese sollen im 1. Quartal 2025 signifikante Verkäufe generieren. CEO Kenny West bestätigte, dass die Verkaufsprognosen und Nettogewinnprognosen für 2025 im Plan liegen.
- Secured a $370 million LOI from Saudi Arabia for 37,000 CornerShot units
- Successful demonstrations at Tabuk military installation to four military groups
- Potential technology transfer agreement that would provide additional fees over five years
- Anticipated significant sales in Q1 2025 from upcoming demonstrations in Florida and New Jersey
- Sales projections and net profit forecasts for 2025 remain on target
- None.
LARGO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that representatives recently returned from an additional two weeks of meetings and CornerShot USA weapons systems demonstrations in Saudi Arabia. As previously announced, NAPC received a signed and stamped LOI from Saudi Arabia for an initial order of 37,000 units of the CornerShot, valued at (U.S.)
Management is pleased to report the following updates:
- During the most recent two-week trip in Saudi Arabia, NAPC representatives successfully demonstrated CornerShot at the Tabuk military installation in northern Saudi Arabia to four military groups.
- Two more demonstrations are scheduled in November for two special operations military groups in Saudi Arabia.
- The proposed final contract is expected to include a transfer of technology after completion of the initial order of 37,000 CornerShot units. NAPC Defense would receive a significant fee to complete the transfer over a five-year time frame.
- Management is pleased with progress of its negotiations with Saudi Arabia and maintains its business plans are on track for CornerShot as well as new brokered defense transactions.
NAPC Defense also plans to attend the upcoming National SWAT Team show https://www.floridaswat.org/swat-round-up-international and has secured Booth #103. The address for the event follows: OCSO Range – 14500 Wewahootee Rd, Orlando, FL 32832.
Live fire demonstrations for a number of police departments are anticipated in Florida and New Jersey over the near term which, in turn, is expected to yield significant sales in the first quarter of 2025.
Kenny West, CEO of NAPC, stated, “We are pleased with our progress with the CornerShot USA Weapons Systems in both Saudi Arabia and the USA. Our sales projections and net profit forecasts remain on target for 2025.”
About NAPC Defense, Inc.
NAPC Defense, Inc. (www.napcdefense.com) is an armament sales and production company, fully licensed in the United States, with exclusive rights to produce and sell CornerShot USA weapons systems in the U.S and Saudi Arabia, in addition to brokering arms and munitions throughout the world all with US State Department approval. Additional smaller weapons platforms, a series of ballistics protection technologies and related products are in development or being finalized for sale.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of NAPC. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information.
These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should,’ “believes," "expects," "anticipates,” “estimates," "intends," "plans, “ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, NAPC's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the SEC. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
COMPANY CONTACT:
Kenny West, CEO (754) 242-6272 Ext.713
FAQ
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