SAVANNAH, Ga.– Hawkeye Systems, Inc. (OTCQB: HWKE) (“Hawkeye”), a technology holding company, is pleased to provide shareholders with an update on the progress of its definitive Agreement (“Agreement”) to complete an all-stock purchase of 100% of the shares of Six15 Technologies (“Six15”), a technology company that designs, develops, and manufactures head-up displays (HUDs) for industrial, enterprise and defense users.
Corby Marshall, CEO of Hawkeye, stated, “We are quite encouraged by the response from the banking community as we advance toward our objective of achieving a Nasdaq up listing through the strategic acquisition of Six15. Most notably, the analysis of industry comparable data has revealed enormous potential upside as Six15’s technology and market performance more than rivals its key competitors. We look forward to completing the acquisition and positioning the consolidated company for exponential long-term shareholder value.”
Rich Ryan, CEO of Six15, commented, “As we continue to focus on productizing wearable solutions that help protect lives, enhance performance, and improve safety, we believe upon completion of the acquisition, as a public company, the capital markets will enable a critical acceleration to our growth as we evolve our product line and expand our marketing reach.”
Hawkeye anticipates there will be a name and symbol change as part of the transaction. A reverse stock split is also being discussed.
About Hawkeye Systems, Inc.
Hawkeye Systems, Inc. is a technology holding company focused on cutting edge technology, pandemic management products and services. The Company is committed to leveraging its extensive resources in support of its ongoing mission to help our government and medical infrastructure keep civilians safe.
About Six15 Technologies
Six15 Technologies is a world-class technology company that designs, develops, and manufactures head-up displays (HUDs) for users operating in the world’s most demanding environments. From the front lines to the factory floor, Six15 is building more than just innovative technologies; the company’s purpose is to productize wearable solutions that help protect lives, enhance performance, and improve safety. Founded in 2012, the company is headquartered in Rochester, NY. For more information, visit six-15.com or contact us at [email protected].
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the body camera system, the potential success of the camera system, our growth strategy and product development including PPE, any technology related to our sales pipeline, and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers and partners; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to: the success or failure of Hawkeye’s efforts to successfully market its products and services as scheduled; Hawkeye’s ability to attract and retain quality employees; the effect of changing economic conditions; increased competition; the ability of Hawkeye to obtain adequate debt or equity financing. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
