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Smith
& Wesson Hall Of Shame
03/27/08
S&W are being sued by Cough-Lin, Stoa, Geller, Rudman &
Robbins LLP for misrepresenting their product lines to illegally
initate more sales and cover up their failing stock prices and
inventory (March/April 2008 Shooting Sports Retailer Page 21).
Smith
& Wesson Extends Firearms Research With NJIT Partnership
http://www.njit.edu/v2/News/Releases/117.html
SCOTTSDALE,
Ariz., Aug. 16, 2001
Saf-T-Hammer
Corporation (OTC Bulletin Board: SAFH), the Scottsdale, Arizona-based
firearm safety and security company, today announced that its
wholly owned subsidiary, Smith & Wesson Corporation, has announced
a partnership with the New Jersey Institute of Technology (NJIT).
In a formal agreement signed July 18, 2001, Smith & Wesson agreed
to work with NJIT towards integrating the university's biometric
identification system into the electronically fired Authorized-User-Only
prototype handguns that use ammunition developed by Remington
Arms. The NJIT approach is a different technology from other biometric
identification systems being evaluated by Smith & Wesson.
"Smith
& Wesson has been actively investigating Authorized-User-Only
technology since the early 1990s," said Kevin Foley, vice president
of research and development. "This is a very expensive undertaking
and the more resources available to investigate all the options
the better our chance of finding a workable solution sooner. The
application of technology to produce an Authorized-User-Only firearm
cannot compromise the product. Such a gun must be as reliable
as current handguns. It must deliver features that a gun owner
desires and it must be affordable. Ideally, it should function
instantaneously in a manner transparent to the user.
"We
have explored a number of technologies over the last several years.
Along the way we have investigated and discarded several ideas
that did not meet our objectives. While we are currently beginning
development of prototype guns with the electronic firing system,
we continue to explore biometric technologies."
"Providing
options for safe storage has long been an important issue at Smith
& Wesson," said Ken Jorgensen, director of marketing and communication.
"We were the first handgun manufacturer to provide a lock with
every handgun. We have developed an unobtrusive integral lock
for our extensive line of revolvers. It gives the owner the ability
to render the handgun inoperable when desired and it will not
activate under recoil or interfere with the normal operations
of the handgun when unlocked. This offers firearms owners one
more option as they take personal responsibility for the safe
and proper storage of their handgun."
Smith
& Wesson has been the leading innovator in handgun development
since it's founding in 1852. The company has been instrumental
in developing popular calibers such as .38 S&W Special, .357 Magnum®,
.41 Magnum®, .44 Magnum® and .40 S&W. The company has also been
a leader in the use of groundbreaking metallurgy including stainless
steel, titanium and scandium alloys.
About
The New Jersey Institute Of Technology NJIT is a public research
university enrolling over 8,800 students. The university offers
bachelor's, master's and doctoral students in 80 degree programs
through its five colleges: Newark College of Engineering, New
Jersey School of Architecture, College of Science and Liberal
Arts, the School of Management and the Albert Dorman Honors College.
Research initiatives include manufacturing, microelectronics,
multimedia, transportation, computer science, solar astrophysics,
environmental engineering and science, and architecture and building
science. According to Yahoo! Internet Life magazine rankings,
NJIT has been America's most wired public university for three
consecutive years.
About
Smith & Wesson Smith & Wesson was acquired in May of this year
by Saf-T-Hammer Corporation and is one of the world's leading
producers of quality handguns and law enforcement products. Law
enforcement personnel, military personnel, target shooters, hunters,
collectors and firearms enthusiasts throughout the world have
used the company's products with confidence for nearly 150 years.
The acquisition brought the ownership of this American industrial
icon back to the United States and it is now operated by management
with extensive experience in the firearms industry.
About
Saf-T-Hammer
Saf-T-Hammer
Corporation, the parent company of Smith & Wesson, was originally
formed to develop and market firearm safety and security products
designed to prevent unauthorized access to firearms. Saf-T-Hammer
continues to market its own branded products to sporting goods
distributors, law enforcement distributors, law enforcement retailers,
law enforcement agencies and gunsmiths both in the United States
and Internationally.
Safe
Harbor Statement
Statements
about the company's future expectations, including synergies between
the two companies, and all other statements in this release, other
than historical facts, are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, section
21E of the Securities Act of 1934, as that term is defined in
the Private Securities Reform Act of 1995. The company intends
that such "forward-looking statements" be subject to the safe
harbors created thereby. Saf-T-Hammer and Saf-T-Trigger are trademarks
of Saf-T-Hammer Corporation.
{In
accordance with 17 USC 107, this material is free of
charge to those who have expressed prior interest for non-profit
research or education.}
We don't sell Walther who are not only distributing their
products exclusively in the United States by Smith & Wesson but
Smith & Wesson are the only company building Walthers in the
United States!
 06/03/06
by Press Release
Clinton Planned to Attack Gun Industry
August 10, 2006 04:35 PM EST
(Washington, DC) - Judicial Watch, the public interest group that
fights
government corruption, announced today that it has uncovered new
documents
from the Clinton Presidential Library in Little Rock, Arkansas
which shed light on
the Clintons´ plan to attack the gun industry. The following are
highlights
from the documents:
* A March 6, 2000 letter from New York Attorney General Eliot
Spitzer
includes a handwritten note at the top from Bill Clinton to then-White
House
Deputy Counsel Bruce Lindsey, which reads: "Bruce, See me re:
this...has some
good ideas for future." Among the "good ideas" -- denying gun
manufacturers
the right to sell guns to the military and law enforcement unless
they sign an
anti- gun "code of conduct" that would have crippled the industry.
* A memorandum from former Clinton Advisor Sidney Blumenthal to
Bruce
Reed, Director of the White House Domestic Policy Council, dated
November 9, 1998,
reads: "I've enclosed an article and a press release about the
new effort to
file class action suits against gun manufacturers. I think this
is a very
promising idea. Let's talk about it soon." The press release,
from the Mayor´s
Office in New Orleans, was in draft form, suggesting the Mayor
coordinated the
strategy with the White House.
* The "promising idea" identified by Blumenthal involved filing
massive
product liability and negligence lawsuits against major handgun
makers, "the
opening salvo in a campaign against the gun industry by an alliance
of anti-
tobacco attorneys and local governments," wrote The Los Angeles
Times.
According to one of the lawyers involved in the lawsuits: "We
are going to do
to [the gun industry] what we did to tobacco. It's going to be
a very large
war."
In March 2000, less than two years after the Blumenthal memo referenced
above,
the Clinton strategy was used to strong-arm gun manufacturer Smith
and Wesson
to install gun locks, introduce so-called "smart gun" strategy,
and to ban the
sale of its weapons at trade shows. Smith and Wesson broke ranks
with other
gun manufacturers and agreed to execute this strategy if a lawsuit
against the
company would be dropped.
"These new documents clearly show that the Clinton administration
put into
motion an organized plan to attack the gun industry," said Judicial
Watch
President Tom Fitton. "Tough questions about these extortive methods
ought to
be asked of both Clintons."
Click to read the actual documents - - from JudicialWatch.org
 05/18/05
Spoke
to Mr. Kevin Foley personally on 05/18/05 at 14:20 Hrs. - Bottom
line SW doesn't care about your gun rights, as soon as they can
make a deal to get the best funding agreement possible they are
back in business in the electronic gun market. Did Mr. Foley (SW)
forget about all their press releases that according to Mr. Foley
really did not exist? Are we supposed to forget about the deal
brokered with the Department of Justice to piss the American Gun
Owner's rights away? Are we supposed to now believe that they
are now telling the truth? This gun dealer does not believe them.
They blatantly state they are in the mix with Lumidigm-this gun
dealer will not sell SW, in fact we wouldn't give their products
away for nothing.
Dear sir,
Smith & Wesson's approach has been to develop an electronically
fired
handgun with integrated biometric access control. We would be
users
of biometric systems, not developers. Therefore the access system
used could change over time as technical advancements were made.
The
system we spent the most time evaluating is being developed by
a
company named Lumidigm located in Albuquerque, NM. Their web site
is
http://www.lumidigm.com/
Several years ago Smith & Wesson signed an agreement to work
with
NJIT if they received funding from the National Institute of Justice
for a proposal R&D project. That funding was not granted and
therefore the joint development never took place. We have met
with
NJIT numerous times in the past and are familiar with their concepts,
but have never actually tested this technology and are not working
with them nor testing their prototypes.
Hope this answers your questions.
Kevin G Foley, V.P. Product Engineering
Smith & Wesson
2100 Roosevelt Avenue
Springfield, MA 01102-2208
Phone: 413-747-3321 FAX: 413-747-3522
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