SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

August 13, 2015 09:15 ET

UAT Arms Releases Sales Projections

SHORT HILLS, NJ--(Marketwired - Aug 13, 2015) - UAT Arms, a division of Umbra Applied Technologies (OTC: UATG) is in final preparations to release the Umbra Battle Rifle for government and civilian purchase in the first quarter of 2016. This product will become the highest standard in both quality and performance in battlefield weapons platforms. The UBR-16 was designed by operators to support our military with the best weapon in its class.

Umbra Arms projects that it will sell 1000 rifles ($1,300,000.00 USD in sales) in the first 6 months of the UBR-16 release and 2500 units ($3,250,000.00 USD in sales) in the first year to domestic and foreign governments.

UAT Arms will also be releasing a civilian version to U.S. customers in a limited production run. The company projects civilian sales to reach $2,000,000 in 2016.

The release of the high powered version of the UBR-16, the PRP-30 (Precision Rifle Platform-30 caliber), will follow UBR sales with an anticipated release during the second quarter of 2016. UAT will be doing an initial production run of the Umbra PRP-30 for government clients of 1000 units and a limited run for civilians of 250 units. Every PRP-30 will come with the finest optics available and will be accurate beyond half a mile. Government sales are projected to be $3,500,000.00 USD while Civilian sales are projected to be $1,675,000.00 USD.

The UAT ARMS office is scheduled to officially open early in the fourth quarter of 2015 to support the division's sales and operations. UBR field testing is currently being conducted by law enforcement agencies and is expected to be completed within the next 90 days. The final product will be delivered to Florida Sheriff's departments as well as city and state law enforcement agencies. Foreign military and law enforcement orders are expected to begin export in January 2016.

UAT Group CEO Alex Umbra commented, "This is a very exciting time for UAT Arms. We expect the UBR to quickly become the standard in assault rifles, as our company moves forward in year 2016."

Learn more about the Umbra Battle Rifle at www.umbrabattlerifle.com

Forward-Looking and Cautionary Statements
This press release contains "forward-looking" statements that are based on present circumstances and on Umbra Applied Technologies Group predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including any statements regarding the plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements.

Forward-looking statements are made only as of the date of this release and Umbra Applied Technologies does not undertake and specifically declines any obligation to update any forward-looking statements. Readers should not place undue reliance on these forward-looking statements.

Contact Information

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