T.Worx Ventures Announces Key Development Agreement With Leupold & Stevens

Carl J. Wallace, chief executive officer of T.Worx Ventures, which is a subsidiary of specialty manufacturer PPI, announced today a technical development agreement with Leupold & Stevens, Inc. of Beaverton, Oregon. Leupold & Stevens, Inc. is the one of the largest manufacturers of optical rifle scopes in the world and was established in 1907. The development agreement between the two companies initially specifies the integration of Leupold Tactical Optics' HAMR carbine riflescope with T.Worx Ventures' carbine, powered-rail technology. The T.Worx Ventures' powered rail is a patented system that improves the warfighter's effectiveness by providing a centralized power source for all mounted weapons accessories. This development program is important to both companies as the industry identifies new technologies to assist the individual warfighter and supporting units in power management and next-generation optics. "We view this as a major step forward in our carbine, powered- rail technology efforts. It is important to us that a company with Leupold's reputation is supporting our powered rail efforts. They are an ideal development partner for us as we foster additional partnerships with small arms, day optics, night vision technologies, and accessories companies. We are looking forward to a long and mutually successful relationship with Leupold & Stevens," said Wallace.

Source: T.Worx Ventures
Date: Sep 27, 2011