Newmarket, Ontario, Canada – AirBoss of America Corp. announced that its subsidiary, AirBoss Defense Group (ADG), has completed its previously announced acquisition of BlackBox Biometrics, Inc. (B3), developer of the revolutionary Blast Gauge system of lightweight wearable blast overpressure sensors which have been outfitted on U.S. Special Forces, Army and SWAT teams across the U.S.
In accordance with the purchase agreement, $7 million in cash was paid on closing , and the balance, up to an additional $20 million, will be paid in royalties over eight years, based on revenues earned by ADG from B3 products.
The acquisition furthers the long standing relationship between ADG and B3, enabling ADG to own B3’s technology and market its solutions internationally and for non-military applications. ADG portfolio company Critical Solutions International (CSI), the leader in route clearance, has served as the exclusive worldwide distributor for the B3 Blast Gauge System since 2018.
In coming together under joint ownership, ADG and B3 will combine decades of experience providing life-saving technologies in blast environments with the robust research, engineering, and program management capabilities needed to better assess and respond to the risk of long term neurological disorders associated with blast-induced TBI.
ADG will combine B3 with CSI to form a newly launched Systems Solutions Division, which will focus on the development and delivery of integrated solutions supporting warfighter and first responder safety while operating in high threat environments. Matt Boccia, president and CEO of B3, will lead the new Systems Solutions Division. B3’s headquarters and primary manufacturing and research and development functions will remain in Rochester, NY.