An anonymous director reports

BYRNA TECHNOLOGIES ENTERS INTO NEW CREDIT FACILITY

Byrna Technologies Inc. has closed a new asset-based (ABL) revolving credit facility with Needham Bank.

The new ABL provides Byrna with up to $5.0-million available for general corporate purposes and working capital. In addition to the $5.0-million revolving line of credit, the company also entered into an agreement for a $1.5-million equipment line.

Chief executive officer Bryan Ganz commented: "Our new credit facility gives us the financial flexibility to meet the strong demand for our flagship product, the Byrna HD, continue to invest in new product innovation, and expand our marketing and branding initiatives. We view our ability to acquire a new credit facility as indicative of the confidence our creditors have in the company, management team and future growth strategy."

About Byrna Technologies Inc.

Byrna is a technology company, specializing in the development, manufacture and sale of innovative less-lethal equipment and munitions.

We seek Safe Harbor.