MetAlert, Inc (OTC:MLRT) announced through its 100% wholly owned subsidiary Level 2 Security, has received and delivered its first commercial order for the game-changing GunAlert firearm recovery device from Range USA, which has 40+ locations across 10 states and headquartered in Cincinnati Ohio.

Patrick Bertagna, MetAlert CEO, reflected, "Level 2's patented technology, which specializes in monitoring unauthorized use and movement of firearms and other valuable mobile assets, is a natural synergistic extension to our product line and ethos of providing technology that supports saving lives."

MetAlert recently acquired Level 2 Security, which provides motion detection and GPS technology to detect unauthorized movement or use of firearms and other valuable mobile assets that require real-time oversight and recovery assistance in case of unauthorized action or theft.

The strategic timing for expanding into this market coincides well with the Office of Justice Programs ("OJP") recent announcement of investing unprecedented resources in programs designed to reduce gun crime and community violence. Last September, $100 million in grant funding was initiated under the Community Violence Intervention and Prevention Initiative, making this the most significant targeted federal investment for these strategies in history.

Tom Willingham, President and CEO of Range USA, expressed, "Gun safety is paramount to our stated mission, and we plan to roll out the GunAlert product across all of our retail locations and make it available through our online sales, augmenting our current line of accessories."

Patrick Bertagna concluded, "We plan to work closely with Law Enforcement to help manage this channel and navigate access to the different federal grant programs currently available, along with working with the media to help bring attention to this game-changing technology when it comes to gun safety."

Price Action: MLRT shares closed lower by 4.11% at $0.07 on Friday.

Comments

Metalert Stock News

News

Latest Metalert Stock News | OTC:MLRT | Benzinga

Monday, October 09, 2023

Connect With Us

About Benzinga

Market Resources

Trading Tools & Education

Ring the Bell