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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

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)

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As if.

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.

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.