AMMO, Inc. Sees Demand Increase 291% for Its Streak Visual Ammunition Year Over Year
SCOTTSDALE, AZ, Nov. 09, 2020 (GLOBE NEWSWIRE) -- AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to report that it is currently increasing its manufacturing capacity to aid in keeping up with the demand for its award winning patented STREAK Visual Ammunition line.
AMMO originally launched its patented STREAK Visual Ammunition in January 2018. Consumers and shooting professionals immediately started to add STREAK into their regular shooting regimes to assist in increasing shooting accuracy through range training, as well as aid in self-protection in nighttime environments. Over the past year, STREAK has increased sales by over 291% for the first six months of the fiscal year 2021 as compared to the same period in 2020. The Company has approximately $10 million in current open orders for STREAK Visual Ammunition.
AMMO’s research and development team continues to diligently work to increase the lumens for the STREAK line-up as well as add other color options. An expansion of caliber offerings, including shotgun shells, is earmarked for early 2021.
“We are certainly extremely happy with our overall sales numbers and the tremendous growth we have experienced across our entire ammunition portfolio. Our STREAK products have always been a leader in our product line up. Our manufacturing team has been working hard to replenish the shelves with STREAK. We have increased the production capacity in our Payson, AZ manufacturing facility in order to better meet the current demand and be in a position to address the forecasts for future demand.”, said Fred Wagenhals, AMMO’s CEO.
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 its company branded munitions, 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.
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Rob Wiley, CFO
Phone: (480) 947-0001
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