Lewis Machine & Tool and Visible Assets, Inc. Awarded a EUR22 Million Estonian Defense Forces Contract For 16,000 Automatic Weapons With Integrated RuBee Wireless Weapon Shot Counters.

STRATHAM, N.H., May 16, 2019 /PRNewswire/ -- Visible Assets, Inc. (Visible) Stratham, NH announced today that Visible and Lewis Machine & Tool (LMT) have been selected to supply the Estonian Defense Forces (EDF) with an initial 16,000 automatic weapons between 2019 and 2021. These weapons all have integrated RuBee wireless Weapon Shot Counter (WSC) tags. The contract also includes Visible handheld Javelin readers plus "Allegro 20/20" analytics and weapon maintenance software. Optional "Armory 20/20" software provides automatic wireless weapon audits by reading the WSC tags. An additional optional 9,000 weapons with integrated WSC tags may be supplied over 2021 and 2026 for a total of 25,000 units. The combination of the LMT automatic firearm and RuBee wireless Weapon Shot Counter tags offer many unique advantages over other WSC weapon systems:

    1. The patented Visible, custom waveform analyzer chip achieves 98% to 100%
       shot counting accuracy. This is based on hundreds of thousands of rounds
       fired by independent testers.
    2. Interval statistics and shot counting analytics provided by the Allegro
       20/20 software and the WSC tag automatically notify the user, and/or the
       manufacture of critical weapon maintenance required in advance of any
    3. RuBee uses magnetic fields and unlike RF-based systems, provides high
       battlefield security with no tempest, target, or eavesdropping risk; has
       no explosive risks (HERO safe); and no risks on and near tactile or
       strategic fused ordnance (HERO safe).
    4. RuBee Shot Counting tags provide a wireless weapon UID. With low-cost
       upgrades and Armory 20/20 software, armories can be fully automated, with
       daily audits, rapid automatic issuance, and enhanced perimeter security.
    5. Since RuBee is not blocked by steel or humans, daily automated armory
       audits have proven to be 100% accurate and do not require human
       assistance. The Armory 20/20 software can optionally geolocate weapons
       within the armory to +- a foot.
    6. RuBee armories provide enhanced security with sensitive weapon perimeter
       exit/entry detection. Independent tests show 100% to 99.9% covert exit
       detection, compared to 0%-50% covert exit/entry detection for competing
       RFID systems.
    7. Finally, because the tags have an optional 20-year field proven battery
       life, RuBee wireless tags on each weapon serve as a UID reference, create
       accurate maintenance, ownership, pedigree, and chain of possession
       records for the life of the weapon.

"Estonia is known as one of the most digitally advanced countries in the world, and we are thrilled that RuBee wireless technology has been selected as a countrywide WSC and wireless UID tag solution on the LMT weapon. We have many Armory and WSC government customers who have set a high bar for weapon maintenance and weapon security and determined that RF-based systems are simply not acceptable." said John Stevens CEO. of Visible "RuBee wireless magnetics has consistently met the most critical customer requirement of 100% accurate audit read rates, 99.9% exit-entry detection, even in high steel content environments and high EMI noise environments where RFID based systems have challenges. Visible strives to deliver, maximum functionality, reliability, and value for our defense customers at the best possible price. It was gratifying to learn that not only did we win this tender based on performance and our unique features, but also when combined with the high-quality LMT weapon we were the lowest priced bidder."

The tender was issued in June 2017. Fourteen firearms manufacturers submitted proposals, nine pre­qualified for the procurement and five were rejected. By the January 2018 deadline, four manufacturers were invited to make firm fixed final bids. LMT was initially notified it won the tender in December 2018. Over the next four months, three unsuccessful award challenges were attempted by a competitor and the final LMT award was revalidated on May 13, 2019 by the Tallinn Administrative Court.

"This was a highly competitive tender, with a very sophisticated technical buyer and advanced bidding score system." Said Karl Lewis CEO of LMT. "In the review of the proposals, the outcome of a shooting test made up 10% of the overall score, the guaranteed number of shots throughout the weapon's life cycle 20%, length of the useful life of the weapon 30%, and the price 40%. With the Visible WSC and live-fire performance of our weapon and aggressive pricing, we had an overall performance score of 99.3. We are excited to be selected as the supplier of the EDF service weapon, we are committed to making high-quality weapons for our NATO partners and worldwide customers."

About LMT Defense and the MARS Platform

These weapons utilize the LMT Defense monolithic upper on the MARS rifle system. The MARS was developed in 2014 and was initially delivered under contract to New Zealand Defence Force. The MARS weapons platform is a completely ambidextrous rifle system including ambidextrous bolt catch, bolt release, safety selector, magazine release and charging handle. Lewis Machine & Tool manufactures and supplies firearms primarily to the US military and other armed structures, including SAS special forces unit of the British army and the army of New Zealand.

About Visible Assets, Inc.

Visible Assets, Inc. is a privately held US technology company based in Stratham, New Hampshire. Visible Assets designs manufacture and support RuBee wireless real-time asset visibility solutions and networks based on the IEEE 1902.1 standard. Visible Assets provides integrated visibility solutions for a variety of markets though RuBee application partners such as Husky Injection Molding

Systems Ltd, and Lockheed Martin. RuBee Visibility Networks are installed and working in over 1,800 commercial and government sites. Visible Assets, Inc. has an active RuBee licensing program.

Visible Contacts:

Tim Pierce, Vice President
Visible Assets, Inc.

John Stevens, CEO
Visible Assets, Inc.

Lewis Machine & Tool Contact:

Jim Jestel, CPA, COO
LMT Defense
Phone: 309.787.7151

High-resolution images available at https://rubee.io/pri

Allegro 20/20: Visible Assets' Weapon Shot Counter (WSC) and software systems use secure RuBee wireless for data capture. The WSC is based on a full custom waveform analysis chip, that detects the width and peaks of the impulse response function in real time. Data are captured on a RuBee handheld reader with some software interval analysis. Data are also uploaded to the Allegro 20/20 application server where weapon status and history is archived, with full prognostic health management, advanced analytics, and weapon diagnostics stored and shared with all stakeholders.

Armory 20/20: Visible Assets Weapon Shot Counter tag provides wireless human-assisted audits with a handheld reader. With the addition of RuBee Smart Racks, Armory 20/20 performs automated audits with no human assistance. The audits can be programmed to take place many times each day. Armory 20/20 includes integrated Issuance Stations and DoorGuard exit/entry detection with 99.9% covert detectability. Armory 20/20 has proven 100% automated read accuracy without human assistance and provides optional geolocation (+- 1 foot) of weapons within the armory.

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SOURCE Visible Assets, Inc.