SARNIA, ON / April 4, 2014 / Lamperd Less Lethal Inc. (LLLI), a manufacturer of less lethal weapons for defense purposes, received a purchase order for 350 of its Ultra-Light 40MM Single-Shot Grenade Launchers from the Canadian government back in February. According to a recent notice on its website, the company successfully delivered the first batch of 250 launchers to the Canadian government on March 31, 2014.
The new Ultra-Light Single-Shot Launchers are made from a high-performance composite material and weigh just 3.7 pounds with other competitive launchers starting at around 9 pounds. The company is also releasing a new Ultra-Light Multi-Shot Launcher that weighs just 5.4 pounds which encompasses a revolutionary new magazine feed allowing for significantly faster deployment.
In addition to the purchase by the Canadian government, the company remains in discussions with a large military end user that has expressed interest in the launcher as well as several other interested parties.
Investors in other less lethal and lethal weapons manufacturers, like TASER International Inc. (TASR) or Smith & Wesson Holding Corp. (SWHC), may want to take a closer look at the stock given these recent developments and its potential to move higher.
Over the past 52 weeks, Lamperd Less Lethal shares are trading up nearly 160% with average volume of about 110,000 shares.
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- Canadian government