SHORT HILLS, N.J., Jan. 13, 2016 /PRNewswire/ -- Umbra Applied Technologies (UAT), an Umbra Applied Technologies Group, Inc. Company (OTC: UATG) announced today that the Company plans to release a major announcement regarding recent progress on the development of its revolutionary the PRP-30 shortly after market close on Tuesday, January the 19th, 2016.
The company recently announced that a financing arrangement has been reached 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
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.
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.
SOURCE Umbra Applied Technologies Group