Business
UATG Opens sales channel for Umbra Arms Battle Rifle, UBR-16
UATG Opens sales channel for Umbra Arms Battle Rifle, UBR-16.
About this update from Umbra Applied Technologies Group, Inc.
[{"type":"text","content":"\n \n \n UATG Opens sales channel for Umbra Arms Battle Rifle, UBR-16\n \n \nUATG Opens sales channel for Umbra Arms Battle Rifle, UBR-16\n \n SHORT HILLS, NJ--(Marketwired - Jul 6, 2015) - Umbra Applied Technologies Group (OTC: UATG) Chairman and CEO Alex Umbra announced today that due to greater than anticipated demand, UAT Arms, a division of Umbra Applied Technologies, has opened sales negotiations earlier than expected. Mr. Umbra released that \"We have several governments engaged that have expressed interest in the UBR-16 and the PRP-30. Umbra Arms, has been approached by several domestic arms distributors, and we have entered negotiations with those companies. We anticipate beginning the delivery of these weapons platforms in September and have already begun preparations to deliver the first 1000 units.\"\n With UAT Arms getting ready to release its new Umbra Battle Rifle, Mr. Umbra commented about the demand for the rifle, what it represented for the company's future, and how it would impact revenue, \"The UBR-16 represents the new standard in battle field weapons platforms. Designed by operators, for operators, the UBR-16 will soon present itself as the standard in special operations weapons platforms.\" Umbra further expanded, \"Currently, its estimated that there is a $489 million dollar market for civilian \"sport rifles\" in the United States alone. This industry has seen steady growth over the past 4 years. While the primary customer of the Umbra Battle Rifle will be the US Government and its allies, we feel expanding our reach into the civilian market will push revenues and create more shareholder value for UAT Group investors.\" \n UAT Group Chairman and CEO Alex Umbra finished by saying that; \"This is an exciting time for UAT Arms. The UBR-16 will quickly become the gold standard in assault rifles. The quality of our products is a real tribute to the talented people who make up the UAT Family. Our company is enjoying strong, steady growth because we foster excellence in innovation and service.\"\n Learn more about the Umbra Battle Rifle at www.umbrabattlerifle.com\n About Umbra Applied Technologies Group, Inc.\n Umbra Applied Technologies is a member of the Umbra Applied Technologies Group (OTC: UATG) family of companies. Umbra Applied Technologies, U.S. based Defense and Security Company, is engaged in the res...