BlastGard raises $1.2 million; expands activities to unit loading device market
A developer of blast mitigation trash cans and other blast-resistant gear receives funding and expands its reach into the airplane-loading market
Detecting explosives is big business, and protecting against explosives is becoming big business. Clearwater, Florida-based BlastGard International (OTCBB: BLGA) has secured $1.2 million in financing. BlastGard will use the funds to develop additional new products and continue the manufacture of its well-established product line. BlastGard is expanding its presence to the unit loading device (ULD) market through its agreement with Norwegian company Nordisk, at the same time that it is continuing aggressively to market its blast-mitigating trash receptacles (MTR). In the last year, the Washington, D.C. Metropolitan Area Transit Authority (Metro) has purchased MTRs for its stations, while Amtrak completed its second MTR order.
BlastGard has is now finalizing the specifications of its new Pipe Bomb Mitigator (PBM), designed for use by emergency responders, as well as developing its protection products for vehicles, barriers, walls, revetments, and bunkers.
