YOUNGSVILLE, N.C., Aug. 17 LAWFUEL – Press Release Service – Law Enforcement Associates Corporation (LEA) (Amex: AID – News), a leading provider of surveillance and security products to the global law enforcement, military, security and corrections markets, today announced it has entered a worldwide product licensing agreement with Smith & Wesson Corp., the 154-year old global provider of products and services for safety, security, protection and sport.
Pursuant to the agreement, LEA will utilize the Smith & Wesson brand and logo to market globally its Explosive Detection Kit (EDK) product line, as well as its recently introduced UVI Swift, a compact and portable under- vehicle inspection system. Financial terms of the agreement were not disclosed.
Paul Feldman, president of LEA, said, “Smith & Wesson is one of the world’s most recognized and respected brands, particularly within the security and law enforcement industries. While LEA has established strong relationships and awareness within our traditional target markets, our presence is less known within a variety of ancillary industries that we believe represent major opportunities for LEA. We are confident the legendary Smith & Wesson brand will give us important leverage as we work to build market share in sectors such as private security, public transit and facilities management. We expect the first of these exciting new products to be available in late 2006.”
Smith & Wesson’s vice president of Licensing, Bobbie Hunnicutt, said, “Law Enforcement Associates is a recognized name in professional security and military organizations. Our strategy to become a leader in safety, security, protection and sport represents a tremendous opportunity for our companies to work together to bring state-of-the-art security technology, and the strength of the Smith & Wesson brand to customers throughout the world.”
Feldman added, “We have developed a solid working relationship with Smith & Wesson, and our marketing teams are considering a variety of additional LEA products that could be folded into this agreement.”
About Law Enforcement Associates
LEA is a leading security and surveillance technology company that manufactures and markets a diverse product line to the worldwide law enforcement, military, security and corrections markets. The company’s Audio Intelligence Devices (AID) division has been serving the law enforcement sector for more than 30 years and is one of the most respected names in the surveillance equipment industry. LEA’s products are used by a wide variety of government and non-governmental agencies, as well as public and private companies. These include military bases, nuclear facilities, embassies, government installations, oil refineries, United Nations and NATO locations. LEA’s products also have been used at high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S. Golf Championship, and the Democratic and Republican National Conventions. Its products include the Under Vehicle Inspection System (UVIS), EDK123 (Explosive Detection Kit), Bloodhound GPS Tracking System, Letter-bomb Visualizer Spray, and a wide variety of Audio & Video Surveillance Equipment. Headquartered in Youngsville, N.C., the company has been featured in many industry publications and websites. For more information, please visit www.leacorp.com.
About Smith & Wesson
Smith & Wesson is a global provider of products and services for the safety, security, protection and sport markets. The Company manufactures firearms and handcuffs and is home to America’s longest-running firearms training facilities for America’s public servants. The Company also markets a variety of products for sport shooters including firearm safety/security devices, shooter protective gear, knives, apparel, footwear and other accessory lines. The Company is based in Springfield, Mass., with manufacturing facilities in Springfield and Houlton, Maine. Contact (800) 331-0852 or log on to www.smith-wesson.com.
The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sales, or the lack of acceptance of the company’s products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.