Mace Security International, Inc. Announces Manufacturing, Co-branding, and Co-marketing Agreement With Triple4S Safety, LLC
Mace Security International, Inc. has finalized an agreement with Triple4S Safety, to develop a smart pepper spray device that is GPS and Bluetooth enabled, with a replaceable canister, glass breaker, and quick-release keychain. The product is touted as the most advanced in the industry and will appeal to safety-conscious consumers. Mace will handle manufacturing and sales, while both companies will collaborate on marketing strategies.
Development of a cutting-edge smart pepper spray device with GPS and Bluetooth capabilities.
Innovative features like a replaceable canister, glass breaker, and quick-release keychain.
Collaboration between Mace Security International, Inc. and Triple4S Safety, for joint product development.
Potential for high consumer demand due to the product's advanced technology and sleek design.
Uncertainty regarding the market reception and actual demand for the new product.
Potential challenges in marketing and promoting a high-tech personal safety device to a wide audience.
CLEVELAND, OH / ACCESSWIRE / May 1, 2024 / Mace Security International (OTCQB:MACE), a globally recognized leader in personal safety products, announces finalizing a manufacturing, co-branding, and co-marketing agreement with Triple4S, LLC ("444")for purposes of jointly developing and bringing to market a smart pepper spray device that is GPS and Bluetooth enabled and which sends out current location to emergency contacts when deployed. The device's canister will be replaceable after use and will come with a glass breaker, a quick-release keychain, and a practice water canister. The spray is the most advanced of its kind and the most significant new product in the industry in decades. The smart spray will have a sleek and ergonomic design and come in multiple color variations. This product is perfect for those who value personal safety while looking for the most technologically advanced product. The product's high-end design should appeal to consumers on the move and at home. Mace will be responsible for manufacture and sales of products. Both companies will collaborate to strategically define the marketing plan. Mace will develop promotional and marketing materials and campaigns for the products, including strategies for digital marketing and social media engagement. Net revenue from the sale of products will be split between the two companies.
About Mace Security International, Inc.
Mace Security International, Inc. (Mace® Brand) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand-the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Brand Take Down® brand, KUROS!® personal safety products, Vigilant Personal Protection Systems® alarms, and Tornado® pepper spray and stun guns. Mace Security International, Inc. distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit mace.com.
Forward-Looking Statements
Forward-Looking Statements Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projected," "intend to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to several known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance, or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, (a) general economic and business conditions, including the impact of the COVID-19 pandemic and other possible pandemics and similar outbreaks; (b) competition; (c) potential changes in customer spending; (d) acceptance of our product offerings and designs; (e) the variability of consumer spending resulting from changes in domestic economic activity; (f) a highly promotional retail environment; (g) any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates, as well as other significant accounting estimates made in the preparation of our financial statements; (h) the impact of current and potential hostilities in various parts of the world, including but not limited to the war which resulted from Russia's invasion of Ukraine, as well as other geopolitical or public health concerns; (i) the impact of international supply chain disruptions and delays; (j) the impact on the Company of changes in U.S. Federal and State income tax regulations; and (k) the impact of inflation and the ability of the Company to pass on rising prices to its customers. You are urged to consider all such factors. Because of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Mace Security International, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
Contact:
Investor Relations
InvestorRelations@mace.com
SOURCE: MACE SECURITY INTERNATIONAL INC
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FAQ
What kind of agreement did Mace Security International, Inc. finalize with Triple4S Safety, ?
What is the product being jointly developed by Mace and Triple4S?
What are some key features of the smart pepper spray device?
Who will handle the manufacture and sales of the smart pepper spray device?
How will the revenue from the sale of products be split between Mace and Triple4S?
