Remington and TrackingPoint Announce Venture X Partnership
April 29, 2013
Madison, NC – Remington Arms Company, LLC (“Remington”) is pleased to announce that it has entered into a partnership with TrackingPoint, Inc. to manufacture Precision Guided Firearm (PGF) systems.
A Precision Guided Firearm brings fighter-jet-style, lock-and-launch technology to hunters and sportsmen by integrating digital optics and target tracking technology into a shooting system (rifle and ammunition). With TrackingPoint technology, shooters can tag their target, persistently track it as it moves, and hit their aim point at extended ranges. The PGF automatically adjusts for many downrange factors including bullet drop, temperature, barometric pressure, wind input, cant and inclination. In addition, each PGF streams live video to a mobile device and downloads recorded video of each shot via mobile apps.
“TrackingPoint has used technology to provide solutions to difficulties many long-range shooters encounter,” said Scott Blackwell, President of Remington Arms Company. “We are excited about the direction this partnership is taking us. By combining the world’s first Precision Guided Firearm technology with a company who has been the leader in innovation since 1816 with the most advanced R&D network in the world, this partnership is simply remarkable. We’re looking forward to introducing the next evolution of firearm technology to the market from Remington and TrackingPoint.”
“When we received an overwhelming response to the launch of TrackingPoint and our technology at the 2013 SHOT Show, we knew we needed to find the best in class R&D and distribution partner to help us address the larger market demand from sophisticated shooters for technologically advanced products that enhance the shooting experience,” said Jason Schauble, President of TrackingPoint. “Partnering with an iconic brand like Remington to help develop, test and distribute the most advanced shooting technology available on the market today will allow our products to become available to the consumer sooner.”
Details of the results of the Venture X partnership including product specifications, pricing and availability will be forthcoming. Products that result from the Venture X collaboration are expected to be on the market before hunting seasons open in the fall of 2013. To get the latest updates, please visit www.whatisventurex.com.
TrackingPoint is an applied technology company from Austin, Texas.