ABSSF - AirBoss of America to acquire BlackBox Biometrics for $27M

AirBoss Defense ((ADG)), a subsidiary of AirBoss of America (ABSSF) agrees to acquire 100% ownership of New York based BlackBox Biometrics ((B3)) for up to $27M consisting of $7M in cash and $20M in royalties over eight years.B3 is a leading technology company focused on preserving health, transforming behavior, and optimizing performance and is developed in conjunction with Defense Advanced Research Projects Agency ((DARPA)), the Blast Gauge is a small sensor device worn by warfighters to measure blast exposure and cue medics for initial response.AirBoss currently holds a minority interest in B3 and exclusive sales rights of the Blast Gauge System to the U.S. military.Under the agreement, ADG to offer solutions to help protect people worldwide from exposure to cumulative brain trauma.The transaction is expected to close during the second quarter of 2021.

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AirBoss of America to acquire BlackBox Biometrics for $27M