Bulova Technologies Group, through its three operating subsidiaries, Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC and Bulova Technologies Advanced Products LLC, engages in the brokerage of ammunition and industrial machine tools and equipment throughout North America. The company, which is registered with the United States Department of State Directorate of Defense Trade Controls, has an extensive history of large scale defense contracts for munitions, weapons systems and combat systems, in addition to serving as an importer of small caliber ammunition for the U.S. commercial marketplace. As a certified broker, Bulova is able to arrange for the movement of military articles across friendly borders, providing the U.S. military and allied governments with the materials needed to obtain an overwhelming edge over enemy forces.
In recent months, Bulova has taken major steps toward extending its reach into promising new markets. In January, the company announced the formation of Bulova Technologies Heath Care Products LLC, which is currently pursuing the development and marketing of high-tech medical products, as well as negotiating for products which provide promising benefits. In March, Bulova continued its expansion efforts through the announcement of a joint venture to enter the cyber security marketplace. Through this partnership, the company will market the innovative Enterprise Content Management Library and its companion K-3 Data Encryption© software to government agencies, banks, law firms and mid-to-large size businesses. Marketing these products, which can limit, govern and prevent the download and transmission of confidential repository content, could provide a platform upon which Bulova could realize sustainable growth moving forward.
“Bulova Technologies through this newly formed joint venture will play a major role in cyber security, which is a war with gigantic stakes,” Stephen L. Gurba, president and chief executive officer of Bulova, stated in a news release. “We are pleased to enter into the joint venture… which is owned 30 percent by Bulova… and 70 percent by Blackford Technologies, LLC.”
In June, Bulova built on its recent advancement toward expanding its market potential when it announced the signing of a letter of intent to acquire the Twiss Transport family of businesses, which provide medium-to-long haul refrigerated and dry transportation and storage solutions to customers throughout the continental U.S. This acquisition, which is expected to close later this month, could add an estimated $30 million in annual sales to the company’s financial results in the years to come.
For prospective shareholders, Bulova’s progress toward market diversification could clear the way for strong financial growth in the months ahead. Look for the company to capitalize on the opportunities presented by its recent business activities in order to build upon the success of its established defense and industrial machine operations in the future.
For more information, visit www.bulovatechgroup.com