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9/22/2017 12:11:25 AM
Posted: 8/20/2001 7:10:13 AM EDT
http://biz.yahoo.com/prnews/010816/lath029_2.html Thursday August 16, 8:03 am Eastern Time Press Release SOURCE: Saf-T-Hammer Corporation Smith & Wesson Extends Firearms Research With NJIT Partnership SCOTTSDALE, Ariz., Aug. 16 /PRNewswire/ -- Saf-T-Hammer Corporation (OTC Bulletin Board: SAFH - news), the Scottsdale, Arizona-based firearm safety and security company, today announced that its wholly owned subsidiary, Smith & Wesson Corporation, has announced a partnership with the New Jersey Institute of Technology (NJIT). In a formal agreement signed July 18, 2001, Smith & Wesson agreed to work with NJIT towards integrating the university's biometric identification system into the electronically fired Authorized-User-Only prototype handguns that use ammunition developed by Remington Arms. The NJIT approach is a different technology from other biometric identification systems being evaluated by Smith & Wesson. ``Smith & Wesson has been actively investigating Authorized-User-Only technology since the early 1990s,'' said Kevin Foley, vice president of research and development. ``This is a very expensive undertaking and the more resources available to investigate all the options the better our chance of finding a workable solution sooner. The application of technology to produce an Authorized-User-Only firearm cannot compromise the product. Such a gun must be as reliable as current handguns. It must deliver features that a gun owner desires and it must be affordable. Ideally, it should function instantaneously in a manner transparent to the user. ``We have explored a number of technologies over the last several years. Along the way we have investigated and discarded several ideas that did not meet our objectives. While we are currently beginning development of prototype guns with the electronic firing system, we continue to explore biometric technologies.'' ``Providing options for safe storage has long been an important issue at Smith & Wesson,'' said Ken Jorgensen, director of marketing and communication. ``We were the first handgun manufacturer to provide a lock with every handgun. We have developed an unobtrusive integral lock for our extensive line of revolvers. It gives the owner the ability to render the handgun inoperable when desired and it will not activate under recoil or interfere with the normal operations of the handgun when unlocked. This offers firearms owners one more option as they take personal responsibility for the safe and proper storage of their handgun.'' Smith & Wesson has been the leading innovator in handgun development since it's founding in 1852. The company has been instrumental in developing popular calibers such as .38 S&W Special, .357 Magnum®, .41 Magnum®, .44 Magnum® and .40 S&W. The company has also been a leader in the use of groundbreaking metallurgy including stainless steel, titanium and scandium alloys. About The New Jersey Institute Of Technology
Link Posted: 8/20/2001 7:16:32 AM EDT
NJIT is a public research university enrolling over 8,800 students. The university offers bachelor's, master's and doctoral students in 80 degree programs through its five colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, the School of Management and the Albert Dorman Honors College. Research initiatives include manufacturing, microelectronics, multimedia, transportation, computer science, solar astrophysics, environmental engineering and science, and architecture and building science. According to Yahoo! Internet Life magazine rankings, NJIT has been America's most wired public university for three consecutive years. About Smith & Wesson Smith & Wesson was acquired in May of this year by Saf-T-Hammer Corporation and is one of the world's leading producers of quality handguns and law enforcement products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products with confidence for nearly 150 years. The acquisition brought the ownership of this American industrial icon back to the United States and it is now operated by management with extensive experience in the firearms industry. About Saf-T-Hammer Saf-T-Hammer Corporation, the parent company of Smith & Wesson, was originally formed to develop and market firearm safety and security products designed to prevent unauthorized access to firearms. Saf-T-Hammer continues to market its own branded products to sporting goods distributors, law enforcement distributors, law enforcement retailers, law enforcement agencies and gunsmiths both in the United States and Internationally. Visit the company's Web sites at: http://www.saf-t-hammer.com/ or http://www.smith-wesson.com/ Safe Harbor Statement Statements about the company's future expectations, including synergies between the two companies, and all other statements in this release, other than historical facts, are ``forward-looking statements'' within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Act of 1934, as that term is defined in the Private Securities Reform Act of 1995. The company intends that such ``forward-looking statements'' be subject to the safe harbors created thereby. Saf-T-Hammer and Saf-T-Trigger are trademarks of Saf-T-Hammer Corporation. SOURCE: Saf-T-Hammer Corporation More Quotes and News:Saf-T-Hammer Corp (OTC BB:SAFH.OB - news) Copyright © 2001 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service Copyright © 2001 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Link Posted: 8/20/2001 7:59:06 AM EDT
It must deliver features that a gun owner desires
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As if.
Link Posted: 8/20/2001 8:12:42 AM EDT
Originally Posted By gardenWeasel:
It must deliver features that a gun owner desires
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As if.
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The antis are using this "personalized gun" stuff as a lever as a gun owners in Calif. & New Jersey, because if they don't have it, then you can't sell it. The dealers would just go out of busiess.
Link Posted: 8/20/2001 8:54:37 AM EDT
[Last Edit: 8/20/2001 8:53:21 AM EDT by gardenWeasel]
S&W needs your support! Start buying today to fund more research and development of [i]mandatory optional[/i] features demanded by and designed to please everyone but you the gun owner.
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