BYRNA TECHNOLOGIES INC
BYRN
Industrials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Byrna Technologies Inc. manufactures and sells kinetic impact projectile launchers, commonly known as less-lethal launchers or pepperball guns, designed for use against humans. The company's core product line, including the Byrna HD and Byrna SD, is engineered to incapacitate people using chemical irritants or kinetic projectiles. This business model inherently involves the commercial exploitation of animals, as the development, testing, and safety certification of these weapons require extensive animal testing. Such testing is conducted to measure physiological effects, injury potential, and the efficacy of chemical payloads.
The company's 2021 acquisition of Mission Less Lethal Technologies expanded its portfolio of less-lethal munitions. Industry standard for bringing these products to market involves animal testing to satisfy regulatory and liability concerns regarding human effects. Byrna's primary revenue is derived from selling these weapons and their associated ammunition directly to consumers and institutions, a business activity fundamentally predicated on causing harm.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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