NAPC Defense, Inc. (OTCPK: BLIS) updates Progress with Saudi Arabia regarding Future Plans and CornerShot Demonstrations
NAPC Defense, Inc. (OTCPK: BLIS) has provided an update on its progress in Saudi Arabia regarding future plans and CornerShot demonstrations. The company's representatives recently returned from meetings in Europe and Saudi Arabia, where they made progress with potential contracts. NAPC received a $253,000 Purchase Order to support technical activities for CornerShot, drones, and other munitions, including sending personnel to assist the Saudi Ministry of Defense with training.
Due to unexpected military activities on the Saudi Arabian border, civilian access was restricted, preventing the planned CornerShot demonstrations. However, NAPC representatives are expected to return by the end of August for a seven-day demo event to advance an existing large intended order for CornerShot. The company anticipates finalizing agreements for large CornerShot orders following live demonstrations.
NAPC Defense, Inc. (OTCPK: BLIS) ha fornito un aggiornamento sui suoi progressi in Arabia Saudita riguardo ai piani futuri e alle dimostrazioni di CornerShot. I rappresentanti dell'azienda sono tornati di recente da incontri in Europa e Arabia Saudita, dove hanno fatto progressi con contratti potenziali. NAPC ha ricevuto un Ordine di Acquisto di $253,000 per supportare le attività tecniche relative a CornerShot, droni e altre munizioni, incluso l'invio di personale per assistere il Ministero della Difesa saudita con la formazione.
A causa di attività militari inaspettate al confine saudita, l'accesso civile è stato ristretto, impedendo le dimostrazioni di CornerShot programmate. Tuttavia, i rappresentanti di NAPC dovrebbero tornare entro la fine di agosto per un evento dimostrativo di sette giorni volto a portare avanti un grande ordine previsto per CornerShot. L'azienda prevede di finalizzare gli accordi per grandi ordini di CornerShot dopo le dimostrazioni dal vivo.
NAPC Defense, Inc. (OTCPK: BLIS) ha proporcionado una actualización sobre su progreso en Arabia Saudita respecto a los planes futuros y las demostraciones de CornerShot. Los representantes de la empresa regresaron recientemente de reuniones en Europa y Arabia Saudita, donde avanzaron en contratos potenciales. NAPC recibió una Orden de Compra de $253,000 para apoyar actividades técnicas relacionadas con CornerShot, drones y otras municiones, incluido el envío de personal para ayudar al Ministerio de Defensa saudita con la capacitación.
Debido a actividades militares inesperadas en la frontera saudí, se restringió el acceso civil, impidiendo las demostraciones de CornerShot programadas. Sin embargo, se espera que los representantes de NAPC regresen a finales de agosto para un evento de demostración de siete días para avanzar en un gran pedido previsto de CornerShot. La empresa anticipa finalizar acuerdos para grandes pedidos de CornerShot después de las demostraciones en vivo.
NAPC Defense, Inc. (OTCPK: BLIS)는 사우디 아라비아에서의 향후 계획 및 CornerShot 시연에 대한 진전을 업데이트했습니다. 회사의 대표들은 최근 유럽과 사우디 아라비아에서 회의를 마치고 돌아왔으며, 잠재 계약에 대한 진전을 이루었습니다. NAPC는 CornerShot, 드론 및 기타 탄약에 대한 기술 활동을 지원하기 위해 $253,000 구매 주문을 받았으며, 사우디 국방부의 교육을 지원하기 위해 인력을 파견하고 있습니다.
예상치 못한 군사 활동으로 인해 사우디 아라비아 국경에서 민간인의 접근이 제한되어 CornerShot 시연이 계획대로 진행되지 못했습니다. 그러나 NAPC 대표들은 오는 8월 말에 7일 데모 이벤트를 위해 돌아올 것으로 예상되며, 이는 CornerShot에 대한 기존 대규모 주문을 진행하기 위한 것입니다. 회사는 현장 시연 후 대규모 CornerShot 주문에 대한 계약을 최종화할 계획입니다.
NAPC Defense, Inc. (OTCPK: BLIS) a fourni une mise à jour sur ses progrès en Arabie Saoudite concernant ses plans futurs et les démonstrations de CornerShot. Les représentants de l'entreprise sont récemment revenus de réunions en Europe et en Arabie Saoudite, où ils ont fait des progrès concernant des contrats potentiels. NAPC a reçu un Bon de Commande de 253 000 $ pour soutenir des activités techniques liées à CornerShot, aux drones et autres munitions, y compris l'envoi de personnel pour aider le ministère saoudien de la Défense lors de formations.
En raison d'activités militaires imprévues à la frontière saoudienne, l'accès civil a été restreint, empêchant ainsi les démonstrations de CornerShot prévues. Cependant, les représentants de NAPC devraient revenir d'ici la fin août pour un événement de démonstration de sept jours afin de faire avancer une grande commande prévue pour CornerShot. L'entreprise prévoit de finaliser des accords pour de grandes commandes de CornerShot suite aux démonstrations en direct.
NAPC Defense, Inc. (OTCPK: BLIS) hat ein Update zu seinen Fortschritten in Saudi-Arabien zu zukünftigen Plänen und CornerShot-Demonstrationen gegeben. Die Vertreter des Unternehmens sind kürzlich von Meetings in Europa und Saudi-Arabien zurückgekehrt, wo sie Fortschritte bei potenziellen Verträgen machten. NAPC erhielt einen Bestellauftrag über 253.000 $, um technische Aktivitäten für CornerShot, Drohnen und andere Munition zu unterstützen, einschließlich des Versands von Personal zur Unterstützung des saudi-arabischen Verteidigungsministeriums bei Schulungen.
Aufgrund unerwarteter militärischer Aktivitäten an der saudischen Grenze wurde der Zugang für Zivilisten eingeschränkt, was die geplanten CornerShot-Demonstrationen verhinderte. Es wird jedoch erwartet, dass die Vertreter von NAPC bis Ende August für ein siebentägiges Demo-Event zurückkehren, um einen bestehenden großen Auftrag für CornerShot voranzutreiben. Das Unternehmen rechnet damit, die Vereinbarungen für große CornerShot-Bestellungen nach den Live-Demonstrationen abzuschließen.
- Received a $253,000 Purchase Order for technical support and training
- Potential for large CornerShot orders following upcoming demonstrations
- Expanded relationship with Saudi Arabian Ministry of Defense
- Planned seven-day demo event in Saudi Arabia by the end of August
- Delayed CornerShot demonstrations due to military activities on Saudi Arabian border
- Restricted access for civilian representatives during recent trip
LARGO, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that its representatives have returned from their meetings with interested parties in Europe and Saudi Arabia, concerning its CornerShot products, various munitions, and other military hardware.
The NAPC representatives made progress with their Saudi Arabian counterparts and the potential for proposed contracts remains promising. NAPC received a
Pictured from left to right are John Spence, NAPC CFO, Stephen Gurba, NAPC President, Eng. Abdullah Mohamed Al Bassami, and Eng. Abdul Qader AI Bassami; in front of Saudi Prince’s Palace, during their recent meetings.
NAPC representatives are expected to return to Saudi Arabia by the end of August to support a seven-day demo event and to advance its existing large intended order for CornerShot. Due to unexpected active military activities on the Saudi Arabian border during NAPC’s recent trip, civilians in general, including the Company’s representatives, were restricted access to conduct the necessary CornerShot demonstrations with MOD leaders and soldiers.
John Spence, NAPC Defense’s CFO and weapons specialist, stated, “Our visit with leaders in Saudi Arabia advanced our relationship in so many positive ways. We appreciated the hospitality and eagerness to conduct business with our team, opening the door to many new potential contracts. We also fully expect NAPC Defense to finalize agreements for large orders of CornerShot following live demonstrations.”
About NAPC Defense, Inc.
NAPC Defense, Inc. https://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 U.S. 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bfacedcc-0a5d-4443-9534-c3db982e152a
FAQ
What is the value of the Purchase Order NAPC Defense (BLIS) received from Saudi Arabia?
When is NAPC Defense (BLIS) planning to return to Saudi Arabia for CornerShot demonstrations?
Why were CornerShot demonstrations delayed during NAPC Defense's (BLIS) recent trip to Saudi Arabia?
What products does NAPC Defense (BLIS) have exclusive rights to produce and sell in the US and Saudi Arabia?
