The Company is conducting key demonstrations, preparing for additional R&D, and in the process of completing its two year audit.
AB Corp - Q1/Q2 Shareholder Update
LAS VEGAS, May 10, 2022 –The Company started the year by executing on multiple initiatives, such as key demonstrations, additional ballistics testing, and the completion of our two-year audit.
In January, the team attended the SHOT Show in Las Vegas and reserved a local range for live-fire demonstrations of The Alternative® for interested parties, including the executive director of National Sheriffs Association, the head of ASTM-E54 committee, and commanders from Brazilian police forces.
Shortly after the SHOT Show, our team engaged a ballistics science company to conduct additional ballistics testing to demonstrate data-based evidence to establish proper deployment protocols including guidelines and restrictions on targeted areas of the human body with minimum and maximum distances for accuracy, efficacy, and safety. These R&D initiatives are a critical component in getting our technology to market, and we are putting significant effort toward gathering this data in a series of two additional ballistics test series. We anticipate, but cannot guarantee, completion of these tests by early June, and plan to release more information in the next shareholder update.
Once testing is concluded the Company intends to launch a marketing campaign with Police1, a premier media platform for the law enforcement industry, to gain exposure and new business opportunities in multiple regions.
In March, the Company raised an additional amount of operating capital to secure funding for the year and enable execution on growth initiatives. The Company is reviewing options for a new round of capital to secure additional funding for operations into the future until revenue can support the business.
In June, the Company will be exhibiting at the National Sheriffs Association Conference in Kansas City and connecting with several departments with plans to conduct live demonstrations.
About Alternative Ballistics Corporation:
Alternative Ballistics Corp. provides a less-lethal force product to the law enforcement industry known as The Alternative® which serves as a de-escalation tool for certain types of lethal situations encountered by public safety officers in the line of duty. The device is a single-fire, less-lethal impact munition that is comprised of two parts, a docking unit and a special alloy projectile. The Alternative® attaches to an officer’s service weapon and upon firing, the bullet welds securely inside the projectile and is propelled by kinetic energy downrange as one single system traveling at 20% the velocity of a standard round with less penetrating energy. The Alternative® was developed by a group of diverse individuals from law enforcement, military, medical, academia, and business backgrounds, and it is backed by four patents with its current iteration representing the safest, most accurate, and most effective model for deployment in the product’s history to address use-of-force challenges, save countless lives, and protect officers in the line of duty.
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The information contained in this release includes some statement that are not purely historical and that are “forward-looking statements.” Such forward-looking statements include, but are not limited to, statements regarding our and their management’s expectations, hopes, beliefs, intentions or strategies regarding the future, including our financial condition, resultsof operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including anyunderlying assumptions, are forward-looking statements. The words “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “seeks,” “should,” “would” and similar expressions, or the negatives of such terms, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and the potential effects on the parties and the corporate and administrative transactions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements and represent our management’s beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future
Attn: Investor Relations
Alternative Ballistics Corporation
5940 S. Rainbow Blvd
Las Vegas, NV 89118