Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Acquisition
March 09, 2021 11:35 AM

AirBoss to acquire full ownership of BlackBox Biometrics

Rubber & Plastics News Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    NEWMARKET, Ontario—AirBoss Defense Group will acquire 100 percent of BlackBox Biometrics Inc., developer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by U.S. special forces, Army and SWAT teams.

    The subsidiary of Newmarket-based AirBoss of America Corp. currently holds a minority interest in in BlackBox, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military.

    Under terms of the purchase agreement, AirBoss will acquire full ownership of BlackBox for up to $27 million, to be satisfied through $7 million in cash upon closing of the transaction and up to $20 million in royalties over eight years, based on revenues earned by ADG from B3 products. The deal is subject to customary closing conditions and expected to be finalized during the second quarter.

    According to AirBoss, the acquisition will allow ADG to offer products to help protect people globally from exposure to cumulative brain trauma. B3 is a firm focused on preserving health, transforming behavior and optimizing performance, the company said. It said B3's sensor systems monitor, record and analyze blast and impact events to protect soldiers, first responders and athletes.

    "The acquisition of B3's proprietary technology and deep technical expertise, combined with ADG's manufacturing expertise and global customer relationships puts us in a strong position to drive adoption of B3's products with our customer base in the domestic and international military and health care markets," said AirBoss President Chris Bitsakakis.

    AirBoss said in a release that the Blast Gauge System is a set of three lightweight wearable sensors that measure blast overpressure. The captured data is analyzed and stored on data monitoring software to help improve future operations, training and research.

    Related Article
    AirBoss buys full control of ADG venture
    AirBoss extends Husky pact with U.S. Army
    With defense group leading charge, AirBoss reports record third quarter results
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Goodyear to trim jobs to address 'uncertain' economic outlook
    2
    Dow to cut 2,000 jobs in evaluation of 'global asset base'
    3
    Uzer Makina eyes North American market growth
    4
    ANRPC: Leaf disease outbreak could lead to 30% NR production loss
    5
    Methods to the madness: Smithers pins 4 processes for sustainable carbon black
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION