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Abonner KRISS SYSTEMS SA

KRISS SYSTEMS SA

KRISS Arms Group announces the acquisition of Sphinx, a world leader in premier-quality pistols, with the objective of consolidating and international promotion of the Swiss small arms industry

Nyon and Matten/Interlaken, Switzerland (ots)

KRISS Arms, the
Swiss global leader in firearms innovation, announces the acquisition
of Sphinx Systems Ltd, world leader in high-quality pistol 
production.
Founded in 1876, Sphinx has a world-wide reputation as the 
benchmark for precision pistols. Manufactured and assembled in 
Matten/Interlaken, Switzerland, Sphinx products are used by military 
and law enforcement units in Switzerland and abroad. In the 
commercial market, Sphinx pistols are valued by competitive shooters.
As noted by the international trade press and media, the patented 
KRISS systems have revolutionized traditional firearms engineering. 
By eliminating almost all felt recoil and muzzle climb, the Kriss 
system ensures a greater degree of control by the shooter. Kriss's 
patented technology makes it possible to build significantly lighter,
more powerful and more accurate weapons in both pistol and rifle 
calibers.
Joint development and production will enable the two entities to 
introduce innovative products in the small arms field and position 
themselves in both local and international government tenders. "We 
are very excited to become part of the KRISS Arms Group and to rely 
on a strong partner, marrying the best of traditional firearms 
manufacturing with the innovation, as symbolized by the revolutionary
patented KRISS Recoil Mitigation Systems." said Armin Landolt, CEO of
Sphinx Systems Ltd.
The acquisition of Sphinx is part of Kriss Arms's strategy to 
safeguard Switzerland's respected tradition of technology and 
know-how in the small arms field. "We are pleased to be the 
initiators of the consolidation of the Swiss small arms industry 
through the prestigious Sphinx brand. Preserving the Swiss know-how, 
and state- of-the art technology are crucial aspects to position us 
as leading players on the international small arms market." said 
Christophe Guignard, Director of Marketing of KRISS Arms.
The first products from this consolidation will be showcased early
2011, including models and accessories specifically built for 
military and law enforcement and new commercial lines for the U.S. 
market.
The expansion of production and sales components will result in 
expanded employment positions in Switzerland.
For further information:
Sphinx Systems AG: www.sphinxarms.com
KRISS Systems SA: www.kriss-arms.com

Contact:

Christophe Guignard
KRISS Systems SA
Tel.: +41/22/363'78'20
E-Mail: chg@gammart.com