CAPE TOWN, South Africa, March 22, 2018 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a developer and marketer of protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports, today announced that it has received a 2018 Powersports Business Nifty 50 Award, from the editors of Powersports Business.
Each year the editors of Powersports Business, an industry publication, selects aftermarket products and services that they believe will help boost dealer profitability. To be eligible, products must be new or substantially improved from previous years and be ready for delivery in calendar year 2018. The Leatt GPX 3.5 Neck Brace and the Leatt GPX 4.5 helmet were among the 50 aftermarket products selected in 2018. The complete list of winners is available at; http://powersportsbusiness.com/news/2018/02/20/2018-powersports-business-nifty-50-winners/.
Leatt CEO, Sean Macdonald said, "We are pleased to receive this award which we believe makes a strong statement about the expected marketability and demand for our highly innovative neck brace and helmet, which are among the best in their class. We are setting the standards for safety, design and style with these and our other award-winning products that provide riders with the protection they need to take their riding to the next level. We expect that the GPX 3.5 neck brace and GPX 4.5 helmet will drive sales for our dealers and provide an exceptional value proposition for consumers."
The Leatt GPX 3.5 Neck Brace is a lightweight off-road neck brace that has been tested and proven to help reduce neck forces and thereby the chances of a serious neck injury by up to 47%. The latest in the Leatt range and made of polyamide, the GPX 3.5's rigid and non-flexible structure makes use of manufacturing techniques that allow revolutionary protection, comfort and value to consumers. All Leatt neck braces are CE tested and certified as Personal Protective Equipment.
The Leatt GPX 4.5 helmet is manufactured with an injected polymer compound shell and shares all the safety features of the premium GPX helmet range. This includes our patented 360 ̊ Turbine Technology. Turbines, made of an energy absorbing material, are set inside the helmet. This technology has two main advantages, namely the reduction of rotational acceleration to the head and brain and absorption of energy upon impact at concussion level. The smaller outer shell volume adds to its list of benefits by reducing rotational acceleration. The multi-density, V-shaped impact foam is moulded directly to the outer shell, thereby reducing the outer shell size to achieve the highest level of impact protection at an attractive price.
Leatt Corporation develops personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.
For more information, visit www.leatt.com.
This press release may contain forward-looking statements regarding Leatt Corporation (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements", including statements regarding: the significance of the Nifty 50 awards to the Company's results of operation and on the likelihood that the GPX 3.5 neck brace and GPX 4.5 helmet will drive sales for our dealers and differentiate them from their competitors; the financial outlook of the Company; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "seeks," "should," "could," "intends," or "projects" or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company's current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company's actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company's common stock as a "penny stock" and those listed in other reports posted on The OTC Markets Group, Inc.
SOURCE Leatt Corporation