Saab Bofors Dynamics Switzerland Ltd (SBDS) and U.S.-based NonLethal Technologies Inc. (NLT) Tuesday signed a long-term cooperation agreement where SBDS will market and sell the IronFist™ and Cobra40™ less-lethal weapon systems, including their 38-mm and 40-mm munitions, on an exclusive basis in the European market.
“NLT and SBDS will make a world-class team given both companies’ prominent positions in their markets with superior products,” said Stephan Kocher, CEO of Saab Bofors Dynamics Switzerland Ltd (SBDS). “The companies share common core values and market strategies. They are fast, innovative, quality producers well-known in their respective markets and willing to move quickly. We will benefit from each other through our complementary know-how, products and networks. I am convinced that this cooperation will be the start of another success story within our company.”
Scott Oberdick, president and COO of NLT said: “We look forward to this cooperative opportunity with the SBDS marketing team, to introduce our less-lethal weapons and munitions to the European defense, correctional and law enforcement communities.”