AmmoLand.com

Palm Pistol and Tri-Cor Ammunition Status Report
This update concerns both the Palm Pistol(r) and Tri-Cor(tm) ammunition.

Palm Pistol Completes 10,000 Round Endurance Testing

Palm Pistol

New Jersey --(Ammoland.com)- PALM PISTOL – As reported in our last update, the physical design and safety testing of the first working prototype was completed.

A financial review by our accounting professionals recommended that we reduce our initial production run from 1000 to 500 units. This will have a positive effect on projected cash flow and allow for a more orderly introduction of the product.

After considering several production options such as licensing, equity investors and others, we decided to approach the three primary manufacturing specialties to form a consortium to bring the Palm Pistol(r) to market.

The proposed consortium agreement provides that the three key suppliers contribute the materials, workmanship and parts necessary for an intial production run of 500 Palm Pistol’s(r) in exchange for a phased payment of the value contributed plus interest on that value, secured by collateral. The agreement is currently under discussion and the details are being negotiated.

Concurrently, we have submitted the full working prototype to ATF for additional review concerning the classification of the “as cast” receiver as a non-firearm. If ATF rules as we expect, it will allow the raw investment casting to be produced by a non-licensed manufacturer. The finish machining however will have to be performed by an ATF 07 licensee. A response from ATF is expected within a month or two.

We have received many inquiries concerning the projected retail cost of the finished product. In 2008, based purely on good faith estimates and some guesswork, we projected a retail cost of approximately $300. It is now clear this was overly optimistic. While we still are not in a position to determine the final retail price, since all our costs are not yet finalized, we now estimate the cost will be above $600 retail.

We currently have pre-production deposits of $25 for each of 313 units. If any customer who has submitted a deposit is unwilling to pay this estimated cost, please let us know immediately and your deposit will be promptly refunded. Conversely, if anyone who has not submitted a deposit and would like to reserve one or more of the remaining 187 units, kindly submit a check for $25 per unit reserved, made payable to Constitution Arms. Mailing address is 12 Hoffman Street, Maplewood, NJ 07040. These will be reserved on a first come first served basis. Reservations by phone, email or credit card will not be accepted. If deposits are received for more than the remaining 187 units, customers will have the option of being placed on the list for the second production run or having their deposit returned.

TRI-COR AMMUNITION
In our last update, we announced the availablity of a multi-projectile .38 special cartridge specifically designed for the Palm Pistol(r), snub nosed revolvers and and Bond Arm(r) handguns. There was a delay in shipping these due in part to an error by our trademark attorney who failed to identify that the former name Tri-Plex(r) was registered to a Swiss company. This forced us to rename the product to Tri-Cor(tm), preprint the packaging materials and revise the Palm Pistol website. The product is now shipping. Since this ammunition does not lend itself to automated assembly and the load is extremely sensitive to any variation, it must be hand loaded and as such, availability will be limited.

We commissioned high speed video of the Tri-Cor(tm) being fired at 10 feet from a S&W Model 60 with 2 inch barrel into 10% ballistic gel. This is posted at http://cts.vresp.com/c/?ConstitutionArms/bd4c52373a/94aa85caca/35b8ff2bd5 and clearly supports our findings that it produces a ballistic wound channel up to 49% larger than a comparable hollow point projectile. The video has sound so be certain to turn on your speakers.

If any customers wish to order Tri-Cor(tm), please fill out the order form on the website. Please note that we are advised by legal counsel that as a New Jersey company, we can only directly ship ammunition to another FFL. We realize this is an inconvenience but prudence dictates this requirement.

Again, our thanks for your patience and we will provide additional updates as appropriate.

Constitution Arms 12 Hoffman St. Maplewood, New Jersey 07040-1114 US

Filed under: Ammoland TV, Firearm News, Shooting Industry News by Ammoland 1 Comment »

John Snow’s Criticism Of The Palm Pistol

Letters to the AmmoLand Editor: Got something on your mind? Let us know and you can see it here.

MAPLEWOOD, NJ --(Ammoland.com)- Dear Mr. Snow:

Your recent review posted at www.outdoorlife.com/blogs/gun-shots/2011/04/strange-guns-palm-pistol is highly critical of my design. The single shot Palm Pistol(r) has several advantages over a traditionally configured defensive handgun.

1. Most defensive uses of handguns take place within extremely close range, often less than five feet. A single well placed shot at point blank or close range to a vital area can have more “stopping power” (an ill-defined and often misapplied concept) than a series of shots some of which undoubtedly will miss and potentially injure an unintended target. As I often state, a .22 caliber hit has more stopping power than a .45 caliber miss.

2. Revolvers and semi-automatics have externally moving parts (cylinders, hammers and slides). These can potentially hang up on clothing if an attempt is made to fire them from within clothing or a pocket. The Palm Pistol has no such disadvantage and does not require a pocket holster. 3. Seniors or disabled can be physically weak and easily overpowered by an attacker. A multi-shot firearm can be taken from the defender and used against them. A single shot gun would eliminate that concern. If coupled with use of the multiple projectile Tri-Plex(tm) cartridge I designed which produces up to 49% larger ballistic wound than a JHP (see www.palmpistol.com/triplex.html) and with less recoil, the ostensible single shot disadvantage is overcome. It is also very fast to reload with practice.

4. I have had several senior and disabled students who lacked the physical strength or ability to rack the slide on even a Walther P22 and certainly could not load cartridges into a magazine, even assisted by speed loader. If someone is missing an index finger on their dominant hand, how would you propose they fire a traditional handgun? I know you do not mean to suggest these handicapped defenseless people should not be afforded a useful tool to defend themselves.

5. The Palm Pistol(r) bore centerline is coincident with that of the forearm resulting in not just a low bore axis, but a zero bore axis. I have personally fired the prototype and there is no muzzle rise due to recoil. This makes it easier and more comfortable for those with muscular weakness to fire it.

6. There is no reason the Palm Pistol needs to “look like a gun”. If, God forbid, a person needs to draw their firearm in self-defense, it must by law only be when threatened with imminent deadly harm. If you have time for brandishing or a warning shot, the prosecutor will argue (and very likely successfully) the threat was not imminent. As the saying goes “act in haste, repent at leisure.” When ANY gun is drawn, it had better be because your life is in immediate danger, and in that case, who cares what it looks like?

There are many other arguments to be made in favor of my design, but to conclude, I have received literally thousands of emails from seniors and disabled all over the world thanking me for designing a product specially tailored to their needs. A 17 page compilation of just some of their comments is posted at www.palmpistol.com/links/WhatPeopleAreSaying.pdf.

Palm Pistol – What People Are Saying

I also have over 300 units presold with deposits and over 2100 individuals who have registered for more information when the firearm is on the market. I also have had many inquiries from law enforcement who see utility as a highly concealable and ambidextrous backup gun for thwarting a gun grab.

The Palm Pistol(r) and seniors with guns have been the butt of ignorant jokes by many including Jay Leno (The Tonight Show) and Greg Gutfeld (Fox Red Eye) and others.

With luck and continued perseverance, I hope to be laughing all the way to the bank, in spite of the naysayers.

Filed under: Firearm News, Shooting Industry News by Ammoland No Comments »