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Expands Award Winning Innovative Portfolio with Exclusive Agreement
SPRINGFIELD, Mass., September 16, 2011– Smith & Wesson Security Solutions – – Smith & Wesson Security Solutions, a leading turnkey provider of perimeter security solutions, today announced the execution of an exclusive distribution agreement with Heavy Duty Gates, Inc. (HDG) of Adelanto, CA, a leading manufacturer of high security swing and slide gates. Under this agreement, Smith & Wesson Security Solutions will market, sell, and install HDG’s entire line of security products exclusively throughout the United States. HDG’s line of security products includes high security swing gates, slide gates, ornamental gates, anti-ram height restrictors, and fixed bollards, many of them certified to American Society of Testing and Materials’ (ASTM) crash rated barrier standards.
HDG will manufacture and supply 30 distinct “off-the-shelf” products, along with a variety of other custom manufactured high security products. HDG’s line of security products will complement Smith & Wesson Security Solutions’ existing product portfolio, which includes the GRAB® net-barrier system, the SW1900 Wedge Barrier, the ODDS® over-speed and wrong-way detection system, and many other physical security products designed, manufactured, and installed by Smith & Wesson Security Solutions. This product line expansion incorporates a range of innovative technologies, including HDG’s positive locking gate design. By adding HDG’s technology and its ability to customize high security gates to the requirements of clients, Smith & Wesson Security Solutions has broadened its capabilities as a leading provider of perimeter security solutions to both government and commercial clients.
Wes Foss, Executive Vice President of Smith & Wesson Security Solutions, said, “We have been working with HDG for a number of years now, and have installed their quality products at sites across the United States. We look forward to our expanded relationship with HDG, and we are excited about the benefits that it will bring to our customers and the enhanced value of our complete turnkey solutions.”
About Smith & Wesson
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC) is a U.S.-based, global provider of products and services for safety, security, protection, and sport. The company delivers a broad portfolio of firearms and related training to the military, law enforcement, and sports markets, and designs and constructs facility perimeter security solutions for military and commercial applications. Smith & Wesson Holding Corporation companies include Smith & Wesson Corp., the globally recognized manufacturer of quality firearms; Smith & Wesson Security Solutions, Inc., a full-service perimeter security integrator, barrier manufacturer, and installer; and Thompson/Center Arms Company, Inc., a premier designer and manufacturer of premium hunting firearms. Smith & Wesson facilities are located in Massachusetts, Maine, and Tennessee. For more information on Smith & Wesson and its companies, call (800) 331-0852
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include those regarding the exclusive distribution agreement with HDG; the ability of the HDG line of security products to complement Smith & Wesson Security Solutions’ existing product portfolio; Smith & Wesson Security Solutions’ ability to expand its capabilities in delivering perimeter security solutions to both government and commercial clients; the success and benefits of our relationship with HDG; and our ability to enhance the value of our complete turnkey solutions. We caution that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the demand for HRG’s products; market reaction to and acceptance of HDG’s products; the introduction of products that compete with HDG’s products; the state of the U.S. economy; general economic conditions and governmental and private sector spending levels and patterns; and other risks detailed from time to time in our reports filed with the SEC, including our Form 10-K Report for the fiscal year ended April 30, 2011.