Leatt Corporation Supplies First Shipment of Leatt-Braces™ to BMW Motorrad, Munich, Germany
Leatt Corporation (Pink Sheets: LEAT.PK), a Nevada, USA Corporation headquartered in Cape Town, South Africa, that develops, sells and distributes the Leatt-Brace™, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), today announced that it has supplied the first shipment of Leatt-Braces™ purchased by BMW Motorrad, Munich, Germany.
The majority of the braces from this batch will be allocated to the BMW Motorrad works and test riders, who will be assessing the braces in terms of comfort and practicality. Ongoing research and development of the brace is being conducted in cooperation with BMW, who are evaluating the feasibility of incorporating the brace within the existing BMW safety clothing range.
“I am very proud of this achievement and everyone who has worked so hard to bring the production of the braces online,” said Dr. Christopher Leatt, President and C.E.O. of the Leatt Corporation, and added, “I am equally exited to see that some of the first production quality braces to be bought and paid for have rolled off of our production line and have been delivered to BMW.”
The collaboration with BMW Motorrad, Munich, Germany, is expected to result in the Leatt Corporation supplying regular orders of braces to BMW later in the year. There can be no assurances that the research and development conducted at BMW Motorrad will lead to any further business relationship between BMW/BMW Mottorrad and the Leatt Corporation, or that the developments described herein will produce any significant revenues or profits for the Leatt Corporation.
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace™, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The manufacture and development of the core products currently take place at the Leatt Corporation’s offices in Cape Town, South Africa, which are situated at the headquarters of Leatt Brace Holdings (Pty) Ltd.
For more information on the Leatt-Brace™, please visit the company website at www.leatt-brace.com. The contents of the website are not part of this press release.
BMW (Frankfurt Stock Exchange: BMW AG, Pink Sheets: BYMOF) is an international manufacturer of automobiles, motorcycles and related products. For more information about BMW Motorrad, please go to their website www.bmw-motorrad.de.
Legal Notice Regarding Forward-Looking Statements: This press release may contain forward-looking statements, which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope," "will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue," or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, the limited resources of the Company and resulting vulnerability of the Company and its products to domestic and international competitors with considerably greater resources than the Company and possible inability to establish market share against competing products in many markets, current limited distribution channels for the Company’s products, actions of our competitors, the limited cash flow of the Company and the resulting reliance on the sale of Company securities to finance operations, the extent to which affects our ability to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our products, and changes in our business strategies. The Company’s common stock is traded on the Pink Sheet system and the Company is a “penny stock company” as defined under the rules of the Securities Exchange Act of 1934, as amended. As such, there are additional, substantial risks associated with the Company and its securities. Such risks include limited liquidity of the Company’s common stock and limitations on ability of broker-dealers to trade or recommend such stock.
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