Company is contracted to deliver 6+ million brass cases starting in June 2024

SCOTTSDALE, Ariz., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries and a leading vertically integrated producer of high-performance ammunition and components, announces that it has signed a supply agreement with ZRODelta to provide 6+ million brass cases for the fulfillment of international contracts. ZRODelta is a specialized manufacturer of high-precision and high-volume firearms and ammunition.

In the agreement AMMO will supply ZRODelta with 6+ million brass cases of 12.7x108 (Russian Equivalent of 50 Caliber) beginning in June of 2024. The Company expects delivery to be completed by February of 2025. Management believes the value of the contract will exceed $10 million over that time period.

Jared Smith, CEO of AMMO stated, “This supply agreement is a great first foray into the expansion of our footprint into international markets. In addition, this is another opportunity to leverage our increased manufacturing capacity at our new facility in Manitowoc, which we are confident will produce and deliver the order on schedule.”

About AMMO, Inc.

With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK^™ Visual Ammunition, /stelTH/^™subsonic munitions, and specialty rounds for military and law enforcement use via government programs. For more information, please visit: www.ammoinc.com.

About GunBroker.com

GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com.