Byrna Technologies Enters into New Credit Facility

Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ("Byrna" or the "Company") today announced the closing of 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.

CEO, 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. For more information on the Company, please visit the corporate website here or the Company's investor relations site here.

About the Byrna® HD

The Byrna HD is a handheld, CO2 powered, non-lethal option for home safety and personal security with the form factor of a compact handgun. It provides a safety zone of 60 feet and comes with multiple easily reloadable magazines that can hold five .68 caliber hard kinetic rounds or highly effective payload rounds designed to burst on impact. Payload rounds include the Company's proprietary chemical irritant and pepper rounds designed to burn an assailant's eyes and respiratory system upon contact.