SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

November 05, 2015 09:00 ET

UATG Issues Corporate Update

SHORT HILLS, NJ--(Marketwired - Nov 5, 2015) - Umbra Applied Technologies Group (OTC PINK: UATG) is pleased to announce that UAT ARMS (a division of Umbra Applied Technologies) has entered the final stage of development for its new secured arms site. UAT Group CEO, Alex Umbra, commented, "I, as is the entire UAT family, am very much excited about this critical time in our company's evolution. The completion of this new location will play a pivotal role in the launch of the newly designed Umbra Battle Rifle production line." The office was designed to supersede all the governmental regulations necessary to procure the proper licensing. Mr. Umbra stated, "This office will represent the company's ethos of going beyond industry guidelines, exceeding expectations and redefining acceptable standards, as the UBR-16 will become the benchmark in both quality and performance in battlefield weapons platforms." The UBR-16 was designed by operators for operators to be the best weapon in its class.

The company has received a financing arrangement which will contribute to office completion and aid the production of the UBR-16. The company maintains its earlier projections 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 fourth 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.

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

  • Investor Relations:
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    (702) 902-2361
    (702) 982-1339