WAKEFIELD, Mass.-- (BUSINESS WIRE/AETOSWire)-- (TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the signing of a Letter of Intent (“LOI”) with the King Abdullah II Design and Development Bureau (“KADDB”), the Hashemite Kingdom of Jordan.
The LOI was formalized to establish a partnership between SDI and KADDB to open a production line in Jordan to supply SDI’s less lethal 40mm munitions in the Middle East and North Africa (“MENA”) region. The Middle East Non-Lethal Weapons Market is expected to grow at a CAGR of 6.15% until 2020, according to the firm Research and Markets.
“We are very excited to develop our partnership with SDI,” said KADDB CEO Support Brig. Gen. Eng. Mohammad Arajneh, “SDI has proven themselves to be leaders in innovating new technologies that offer improved safety, accuracy and effectiveness in the use of less lethal force.”
Paul Jensen, President of SDI added, “KADDB is an ideal partner for SDI to introduce our patented collapsible head technology into one of our targeted areas, the MENA region. Jordan, through the establishment of KADDB, continues to demonstrate real leadership in the region by embracing innovative solutions and advanced technologies to serve National Security. We are honored to assist them in this worthy effort.”
For more information, visit us at the Special Operations Forces Exhibition and Conference (SOFEX), May 8-10, Amman Jordan, in the KADDB exhibit.
About Security Devices International
SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions.
About KADDB
KADDB is an independent government entity within the Jordan Armed Forces (“JAF”) aiming at becoming a global defense and security research and development hub in the region. The Bureau’s scope of work includes Defense Design and Development, Test and Evaluation, Technology Incubation in the Kingdom, and Defense Technology Training.