Byrna Technologies Promotes John Brasseur To COO And Raises Production Target To 18,000 Launchers Per Month
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies Inc. (NASDAQ:BYRN) announced the promotion of John Brasseur to COO and plans to increase production to 18,000 launchers per month by May 2024. Brasseur, with significant experience from Sig Sauer, aims to enhance operational efficiency and product development. The company has already increased manufacturing capacity by 44% and expects financial benefits from SKU rationalization and cost reduction efforts. The Byrna CL (Compact Launcher) is set for a 2025 launch.
April 25, 2024 | 12:25 pm
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Byrna Technologies Inc. announces John Brasseur's promotion to COO and plans to ramp up production to 18,000 launchers per month by May 2024, aiming for operational excellence and strategic growth.
The promotion of John Brasseur to COO and the significant increase in production capacity are likely to be viewed positively by investors, signaling strong operational capabilities and growth prospects. Brasseur's experience and the strategic focus on product development and cost efficiency could enhance Byrna's market position and financial performance, potentially leading to a positive short-term impact on BYRN's stock price.
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