AirBoss completes acquisition of BlackBox Biometrics
AirBoss completes acquisition of BlackBox Biometrics
Rubber & Plastics News Staff
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NEWMARKET, Ontario AirBoss of America Corp. s deal to acquire BlackBox Biometrics Inc. (B3) is now complete.
BlackBox makes wearable blast overpressure sensors that are used by military and law enforcement personal.
AirBoss, based in Newmarket, paid $7 million cash and will pay up to $20 million in royalties over the next eight years based on revenue from BlackBox Biometrics products, the new owner said.
Critical Solutions International (CSI), a unit of AirBoss, has been the exclusive distributor of the Blast Gage System since 2018.
The acquisition will join with CSI to form the newly created Systems Solutions Division. Current B3 CEO Matt Boccia will head the new division and the company s headquarters and primary manufacturing and research and development will stay in Rochester, N.Y.
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BlackBox Biometrics, Inc. proudly accepts SBA Tibbetts Award for outstanding success with the SBIR Program
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The US Small Business Association recently selected B3 to receive the prestigious Tibbetts Award, recognizing the company for its impact and achievement with the SBIR Program.
As the industry leader in individual blast dosimetry, we are excited to continue to advance the capabilities of the Blast Gauge to meet the future needs of the nation’s warfighters. ROCHESTER, N.Y. (PRWEB) January 28, 2021 The US Small Business Association (SBA) recently selected BlackBox Biometrics®, Inc. (B3) to receive the prestigious Tibbetts Award, recognizing the company for its impact and achievement with the Small Business Innovation Research (SBIR) program. Using funding and program support from a Navy SBIR, B3 revolutionized wearable explosive blast monitoring with the industry leading Generation 7 Wireless