The manufacturer of the national electroshock gun has decided to withdraw

The manufacturer of the national electroshock gun has decided to withdraw

The developer of the wireless electroshock gun Wattozz, Albayraklar Savunma A.Ş. decided to withdraw from the sector. This decision was announced in a written statement by Adnan Albayrak, Chairman of the Board of Albayraklar Group of Companies.

Albayraklar Savunma A.Ş. cites
Albayraklar Savunma A.Ş., which was selected as the fastest growing defense company of 2019, put its shares on sale. The company will withdraw from the sector with the shares put up for sale with the decision of the board of directors.

Adnan Albayrak , Chairman of the Board of Albayraklar Group of Companies , said the following in his statement:

The manufacturer of the national electroshock gun has decided to withdraw

“To date, we have invented and developed unique defense products with sales value that alone can capture the total annual export figure of the Turkish defense industry without the slightest financial support from any institution or organization. We did what was said to be impossible. We rivaled American technologies. Our Wattozz product series , which we have created with hundred percent local and national facilities and with our full equity, has been awarded with outstanding achievements in international platforms and the brand value of the name Wattozz has reached millions of dollars in the world.

However, we have not been able to have the support we need for mass production of high orders (about 750,000 weapons) from many countries in a row.

As a result of our inability to collect our commercial receivables in other sectors in which we operate, we had to stop the R&D studies of our new defense industry projects .

Yes, we are a big defense company, but we are not strong enough to fight alone.

For these and other reasons, I regret to say that we have decided to put the products on our defense industry firm, the pupil of our group of companies, together with the patent and trademark rights. ”

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The manufacturer of the national electroshock gun has decided to withdraw
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