Law Enforcement Associates and Smith & Wesson Corp. Enter Licensing Agreement
2006-08-17 09:10 ET - News Release
YOUNGSVILLE, N.C., Aug. 17 /PRNewswire-FirstCall/ -- Law Enforcement Associates Corporation (LEA) , a leading provider of surveillance and security products to the global law enforcement, military, security and corrections markets, today announced it has entered a worldwide product licensing agreement with Smith & Wesson Corp., the 154-year old global provider of products and services for safety, security, protection and sport.
Pursuant to the agreement, LEA will utilize the Smith & Wesson brand and logo to market globally its Explosive Detection Kit (EDK) product line, as well as its recently introduced UVI Swift, a compact and portable under- vehicle inspection system. Financial terms of the agreement were not disclosed.
Paul Feldman, president of LEA, said, "Smith & Wesson is one of the world's most recognized and respected brands, particularly within the security and law enforcement industries. While LEA has established strong relationships and awareness within our traditional target markets, our presence is less known within a variety of ancillary industries that we believe represent major opportunities for LEA. We are confident the legendary Smith & Wesson brand will give us important leverage as we work to build market share in sectors such as private security, public transit and facilities management. We expect the first of these exciting new products to be available in late 2006."
Smith & Wesson's vice president of Licensing, Bobbie Hunnicutt, said, "Law Enforcement Associates is a recognized name in professional security and military organizations. Our strategy to become a leader in safety, security, protection and sport represents a tremendous opportunity for our companies to work together to bring state-of-the-art security technology, and the strength of the Smith & Wesson brand to customers throughout the world."
Feldman added, "We have developed a solid working relationship with Smith & Wesson, and our marketing teams are considering a variety of additional LEA products that could be folded into this agreement."
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UPDATE ON ALL THE CHARTS POSTED: 1.LUTHW- down-2.63% 2.PKTX- down-1.49% 3.IGAM- down 5.88% 4.ASRNF- down-11.11% 5.TLEI- even 6.DYNK- down-10.70% 7.EXBY- down-8.33% 8.HESG- up- 18.42%%%%% awsome and i am in this 9.CPNE- up- 14.28% 10.ISIG- up- 1.01% 11.AID- up- 5.93% i am in
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-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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quote:Originally posted by matto: UPDATE ON ALL THE CHARTS POSTED: 1.LUTHW- up-6.00% 2.PKTX- down-1.49% 3.IGAM- down 5.88% 4.ASRNF- down-11.11% 5.TLEI- even 6.DYNK- down-10.70% 7.EXBY- down-8.33% 8.HESG- up- 18.42%%%%% awsome and i am in this 9.CPNE- up- 14.28% 10.ISIG- up- 1.01% 11.AID- up- 5.93% i am in
Nice job on HESG and CPNE!!!!!!
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