SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

July 06, 2015 09:15 ET

UATG Opens sales channel for Umbra Arms Battle Rifle, UBR-16

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."

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."

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."

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

About Umbra Applied Technologies Group, Inc.

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 research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.

In support of air, land and naval forces, the company operates in five segments: Aeronautics, Information Systems & Global Solutions, Biotech, Alternative & Renewable Energy, and Intelligence Systems. The Aeronautics segment offers military aircrafts, such as unmanned combat and air mobility aircrafts, and related technologies. The Information Systems & Global Solutions segment provides advanced technology systems and security expertise, integrated information technology solutions, and management services for civil, defense, intelligence, and other government customers. The Biotech segment addresses critical gaps that are absent in defense medical research programs. The Alternative & Renewable Energy segment provides alternative solutions to energy through research in bio-electricity, wind, thermodynamic and solar energy. The Intelligence segment provides computational study of signals, open source and network intelligence through advanced metrics and algorithms to locate and extract sentiment from gathered intelligence.

For more information visit www.uatgroup.com or www.umbraappliedtechnologies.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 and Media Contact:
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