- Byrna Technologies (CSE:BYRN) has reported a significant spike in sales of its non-lethal personal security device, as riots erupt across the United States
- From May 30 until June 1, the company reported over C$160,000 in sales, compared to $924,000 in sales for the year ending November 31, 2019
- The Byrna HD requires no license to own or use and uses compressed CO2 to fire chemical irritant projectiles
- To keep up with the growing demand, Byrna Technologies is accelerating its plans to complete its US-based manufacturing facility by the end of August this year
- Byrna Technologies (BYRN) is currently up 14.88 per cent and is trading at 50 cents per share
Byrna Technologies (CSE:BYRN) has reported a significant spike in sales of its non-lethal personal security device, as riots erupt across the United States.
Over the three days from May 30 until June 1, 2020, the company posted more than C$160,000 in sales for its Byrna HD product. This compares to $194,000 in sales for the full-year ending November 31, 2019.
Requiring no license to own or operate, the Byrna HD uses compressed CO2 to fire chemical irritant projectiles containing pepper spray and tear gas.
The device is capable of incapacitating a would-be assailant for over 30 minutes by causing temporary blindness and respiratory difficulty.
In today’s announcement, Byrna Technologies said that its customer service lines exploded over the course of last weekend.
It cited calls primarily from distressed home and shop owners who were looking for a non-lethal means of protecting themselves and their properties after reports that police departments around the country had been overwhelmed.
The current protests were sparked following the death of George Floyd on May 25, who was killed in the Powderhorn community of Minneapolis, Minnesota, while under police custody.
Tensions have since escalated, with President Donald Trump threatening to deploy the army should local authorities fail to control the unrest, which has now swept across 75 US cities.
However, in order to do so, Trump would need to implement the Insurrection Act, which typically requires a request for him to do so from state governors.
In order to keep up with the growing demand, Byrna Technologies plans to accelerate the completion of a US-based manufacturing facility in Fort Wayne, Indiana, which is expected to be finalised by the end of August.
The company’s current manufacturing facility is located in Pretoria, South Africa, catering to both local and international markets. It’s expected that the US facility will exclusively cover North American orders.
Byrna Technologies (BYRN) is currently up 14.88 per cent and is trading at 50 cents per share at 12:57pm EDT.