GlobeNewswire by notified

Green Ammo Secures Contracts with U.S. Department of Defense to Deliver Nearly 1,300 E-Blanks Training Kits Amid Global Blank Ammunition Shortage

16.10.2024 13:00:00 CEST | GlobeNewswire by notified | Press release

Share

Warfighters will leverage 1,280 Green Ammo electronic blank kits for realistic training across individual and collective exercises

SKIEN, Norway, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Green Ammo, AS, developers of the industry’s only drop-in electronic blanks system for live weapons offering 100 percent integration with tactical training programs, today announced that it has been awarded a total of $5.8 million in contracts with the Department of Defense.

Across two contracts, executed in August and September, Green Ammo will deliver nearly 1,300 units of its drop-in electronic blanks (E-Blanks) training kits to support realistic tactical training exercises. The military-grade, pressure-tested E-Blanks kits offer compatibility with M4, M249, and M240 weapon systems, enabling warfighters to train with the right weapons for the theater-specific threats they may face. The units are expected to electronically fire an approximate total of 325,000,000 rounds (~250,000/each) before any components need to be exchanged, replacing the same number of traditional blank rounds and saving millions of dollars in ammunition costs.

Green Ammo is a Norway-based defense technology company with operations in the United States, dedicated to developing, manufacturing and delivering electronic blank ammunition for tactical training applications. The company’s E-Blanks kit empowers warfighters to train with known weapons through a patented, 100-percent drop-in module that can install and deploy E-Blanks in under a minute for a realistic, safe, sustainable and cost-effective alternative to live or traditional blank ammunition. In preparation for the initial delivery of the E-Blanks kits, Green Ammo conducted an initial train-the-trainer event. Attended by senior trainers and officers, the event introduced the E-Blanks system to the training cadre and supported discussions on implementation and logistical considerations.

“We’ve worked hard to deliver a solution that serves as an alternative to traditional ammunition with the added benefits of time and cost savings, and we’re pleased that E-Blanks can help ensure servicemen can continue to train effectively, even with the impact of the global ammunition shortage,” said Rolf Inge Roth, CEO of Green Ammo. “By providing E-Blanks kits for individual and collective training, we can help the Department of Defense overcome these limitations to support successful pre-deployment training with the additional benefits of simplified logistics and increased safety.”

The delivery of 1000 M4, 170 M249 and 110 M240B drop-in kits will be completed by the first quarter of the 2025 fiscal year. To learn more about Green Ammo’s patented electronic blank technology and its applications, visit https://www.greenammo.com/.

About Green Ammo, AS
Green Ammo, AS is the pioneer of the innovative 100 percent drop-in electronic blanks systems for tactical training applications. Delivering cost savings, reduced risk, sustainability benefits and more, the E-Blanks kit enables global warfighters to dramatically and measurably increase combat readiness while offering distinct advantages over the traditional blank firing systems.

Headquartered in Skien, Norway, Green Ammo, AS owns all global intellectual property (IP) rights to the E-Blanks system.

Media Contacts:
Steffen Botten
Green Ammo, AS
steffen@greenammo.com

Samantha Steinman
Product Knowledge for Green Ammo, AS
media@productknowledge.cc

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye