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Trimmings: Episode 1 Trimmings: Episode 1

From: jahrig
Description:

A group of skiers in Western Montana chase the snow around the state and ski whatever they can. This episode follows them as fall changes to winter, and the ski opportunities arise.

Thanks to Henry Hawkins, Dillon Jenkins, and Rainbird Visuals (www. for the help with this. Also thanks to Patrick Kirkley for the logo work!

Check out our Facebook page for updates and extra
Content facebook.com/MontanaTrimmings

Presented by

Epic Planks
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Backcountry Freeskier
backcountryfreeskier.com

Discrete Headwear
Discreteheadwear.com

Lost Trail Powder Mountain
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Char Poles
customskipoles.com/
5 months ago
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SnowCru SnowCru

From: TetonGravityResearch
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SnowCru Logo
5 months ago
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Gear Review: 2012 Trew WyEast Gear Review: 2012 Trew WyEast Softshell Jacket

From: warpigsinfin
Description:

I've gotten to play with TREW's WyEast softshell for the last two months, and am declaring it a lightweight (23oz), packable, stylish soft shell jacket with a pretty manageble pricetage ($200).

Though it's still early season I've taken this jacket out on 5 backcountry ski adventures in conditions ranging from 10*F with high winds and blowing snow to 50*F with high winds and drizzly mist. The WyEast kept me warm and dry while venting my sweat effectively.

I've also taken this jacket climbing/mountaineering 3 times, and have ridden my bike all over the valley with typical Jackson Hole fall (fickle) weather including high winds, drizzle, torrential snow dumps, and drastic temperature swings.

In my experience the TREW WyEast softshell has proven itself a reliable jacket across the spectrum of conditions I've experienced over the last two months and still looks/feels new after ~40 days total of use.

TREW says the following about the WyEast on their website, and it's a surprisingly accurate description:

"THE WYEAST: Durable, Breathable, Comfortable.

Three seasons, one mission: getting after it. Moving like water, you are everything and nothing. You break like the wind. You party like a beast. Your jacket is the WyEast.... Designed with excellent range of motion and weather resistance for alpine ascents, but slim-fitting and breathable enough to layer under a shell on brutally cold days, the WyEast softshell is crucial to your cold-weather arsenal. A plush fleece lining and supple, yet burly polyester rip-stop face fabric give this jacket last-call comfort that belies its rugged capabilities. Built for the rigors of a life on and around snow, for springtime Cascade ascents and midnight truck repairs, it complements our line of hardshell jackets like a second thought. Anatomical design, welded and reinforced laser-cut pockets, and rock-solid construction testify to its TREW roots."

Here's what I have to say about the WyEast:
  THE GOOD
*lightweight at 23oz and packs down small
*slim fit great for wearing under a shell or mountaineering
*stretchy fabric does not restrict movement
*very breathable yet water resistant
*cozy liner, especially around shoulders/mouth
*solid zippers (not the kind that wear out quickly)
*big hood with good drawstrings
*good powder drawstrings at the waist
*big waist pockets and good interior pocket
*long sleeves, good velcro sleeve closures
*more affordable ($200) than others (Arcteryx hooded softshell is $398)

  THE BAD
*only comes in two color schemes (though pretty sweet colors)
*made in Vietnam (better than China, but not made locally.. but what is?)
*big "thumbs up" logo on the back left shoulder may upset Negative Nancy
*bright red is a bad color choice for fighting the New American Revolution
*black is a great color choice for fighting the New American Revolution
*embedded chick magnetism may make romantic fidelity difficult
*no headphones built into the hood
*no bungie roach clip for my "goggle wipe" (Burton used to include these)
*doesn't fit a German Shepherd very well.
*only available in sizes S-XXL (won't fit "Average Americans" above 350 lbs)
*keeps me from sweating but does nothing to control my body odor
*pisses me off that this jacket didn't exist years ago.

  SO THERE YOU HAVE IT FOLKS.

Check out the WyEast right here...
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6 months ago
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News: Mountain Sports Internat News: Mountain Sports International Announces New Subaru Freeride Series

From: TetonGravityResearch

Description:

New Subaru Freeride Series Announced

4-star Freeride World Qualifiers provide Launch Pad to the Freeride World Tour

SALT LAKE CITY, UTAH - Salt Lake City, Utah-based Mountain Sports International (MSI) announced the schedule for the 2013 Subaru Freeride Series today. The new series features three 4-star Freeride World Qualifier (FWQ) ski events for men and women at Crested Butte Mountain Resort, CO (Feb. 7-10); Moonlight Basin Resort, MT (March 14-17); and the Subaru Freeride Nationals at Snowbird Ski Resort (April 11-14). Two 2-star Freeride World Qualifier events will also be held as part of the series at Crested Butte Mountain Resort, CO (Feb. 6-7) and Snowbird Ski Resort (April 10-11). The 2-star events provide an additional platform for athletes to earn Freeride World Qualifier points with the top men and women advancing to the corresponding day of 4-star competition. The full FWQ calendar will be released tomorrow with a full slate of worldwide events, including additional FWQ events in Canada and the United States.

“These premier 4-star events provide crucial opportunities for athletes hoping to qualify for the world tour,” said Event Director Bryan Barlow of Mountain Sports International. “We are excited to provide this opportunity on the country's leading big mountain venues.”

The Freeride World Qualifier point system (FWQ) has been developed as part of the newly unified Swatch Freeride World Tour by The North Face (FWT). All FWT events are designated as 5-star events. FWQs range from 1 to 4-stars and enable athletes to earn a corresponding ratio of points based on their performance at competitions. Accumulated points immediately affect an athlete's position on the FWT ranking system. The top ranked athletes will qualify to participate on the 2014 FWT.

The first ever FWT season will start with a roster of 36 prequalified male skiers, 14 male snowboarders, 14 female skiers and seven female snowboarders. Athlete qualification for the 2013 FWT has been designated by previous tour performance and rankings on the 2012 Subaru Freeskiing World Tour, The North Face Masters of Snowboarding and Swatch Freeride World Tours. In the future, the FWT roster will be created through the FWQ point system granting FWT positions to athletes with the highest points on the FWT and regional Freeride World Qualifying events such as the Subaru Freeride Series. The 2013 season of FWQ competition will climax at the Freeride Nationals at Snowbird Ski Resort in April, the final opportunity for FWQ athletes to launch to the FWT.

The Subaru Freeride Series is sponsored by Subaru, Sierra Nevada, Clif Bar, The North Face and Black Diamond

Registration for Subaru Freeride Series will open Dec. 4, 2012. Riders will be able to create a profile and sign-up for the Subaru Freeride Series events of their choice through the Freeride World Qualifier registration system. Twenty-one days prior to the 4-star day of competition and 45 days prior to the 2-star event, registration for the events will close. Riders will then be determined off of the seeding list on the day registration closes.

2013 Subaru Freeride Series Registration Schedule:

Date	Class	Star	Location	Open	Closed
Feb 6-7	SFS	2	Crested Butte, CO	Dec 4	Dec 23
Feb 7-10	SFS	4	Crested Butte, CO	Dec 4	Jan 17
Mar 14-17 Apr 10-11	SFS SFS	4 2	Moonlight Basin, MT Snowbird, UT	Dec 4 Dec 4	Feb 21 Feb 24
Apr 11-14	SFS	4	Snowbird, UT	Dec 4	Mar 21

For athlete information visit FWQ Americas on Facebook, follow the Subaru Freeride Series on Twitter at twitter.com/SubaruFreeride, or contact Julia Jimmerson, MSI athlete relations manager, at jjimmerson@mtsports.com or (801) 349-4616. A new website will be launched soon.

For media or general information contact Jessica Kunzer, MSI marketing and communications director, at jkunzer@mtsports.com or (801) 349-4612.

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6 months ago
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News: Freeride World Tour Anno News: Freeride World Tour Announces New Subaru Freeride Series

From: TetonGravityResearch

Description:

New Subaru Freeride Series Announced

4-star Freeride World Qualifiers provide Launch Pad to the Freeride World Tour

SALT LAKE CITY, UTAH - Salt Lake City, Utah-based Mountain Sports International (MSI) announced the schedule for the 2013 Subaru Freeride Series today. The new series features three 4-star Freeride World Qualifier (FWQ) ski events for men and women at Crested Butte Mountain Resort, CO (Feb. 7-10); Moonlight Basin Resort, MT (March 14-17); and the Subaru Freeride Nationals at Snowbird Ski Resort (April 11-14). Two 2-star Freeride World Qualifier events will also be held as part of the series at Crested Butte Mountain Resort, CO (Feb. 6-7) and Snowbird Ski Resort (April 10-11). The 2-star events provide an additional platform for athletes to earn Freeride World Qualifier points with the top men and women advancing to the corresponding day of 4-star competition. The full FWQ calendar will be released tomorrow with a full slate of worldwide events, including additional FWQ events in Canada and the United States.

“These premier 4-star events provide crucial opportunities for athletes hoping to qualify for the world tour,” said Event Director Bryan Barlow of Mountain Sports International. “We are excited to provide this opportunity on the country's leading big mountain venues.”

The Freeride World Qualifier point system (FWQ) has been developed as part of the newly unified Swatch Freeride World Tour by The North Face (FWT). All FWT events are designated as 5-star events. FWQs range from 1 to 4-stars and enable athletes to earn a corresponding ratio of points based on their performance at competitions. Accumulated points immediately affect an athlete's position on the FWT ranking system. The top ranked athletes will qualify to participate on the 2014 FWT.

The first ever FWT season will start with a roster of 36 prequalified male skiers, 14 male snowboarders, 14 female skiers and seven female snowboarders. Athlete qualification for the 2013 FWT has been designated by previous tour performance and rankings on the 2012 Subaru Freeskiing World Tour, The North Face Masters of Snowboarding and Swatch Freeride World Tours. In the future, the FWT roster will be created through the FWQ point system granting FWT positions to athletes with the highest points on the FWT and regional Freeride World Qualifying events such as the Subaru Freeride Series. The 2013 season of FWQ competition will climax at the Freeride Nationals at Snowbird Ski Resort in April, the final opportunity for FWQ athletes to launch to the FWT.

The Subaru Freeride Series is sponsored by Subaru, Sierra Nevada, Clif Bar, The North Face and Black Diamond

Registration for Subaru Freeride Series will open Dec. 4, 2012. Riders will be able to create a profile and sign-up for the Subaru Freeride Series events of their choice through the Freeride World Qualifier registration system. Twenty-one days prior to the 4-star day of competition and 45 days prior to the 2-star event, registration for the events will close. Riders will then be determined off of the seeding list on the day registration closes.

2013 Subaru Freeride Series Registration Schedule:

Date	Class	Star	Location	Open	Closed
Feb 6-7	SFS	2	Crested Butte, CO	Dec 4	Dec 23
Feb 7-10	SFS	4	Crested Butte, CO	Dec 4	Jan 17
Mar 14-17 Apr 10-11	SFS SFS	4 2	Moonlight Basin, MT Snowbird, UT	Dec 4 Dec 4	Feb 21 Feb 24
Apr 11-14	SFS	4	Snowbird, UT	Dec 4	Mar 21

For athlete information visit FWQ Americas on Facebook, follow the Subaru Freeride Series on Twitter at twitter.com/SubaruFreeride, or contact Julia Jimmerson, MSI athlete relations manager, at jjimmerson@mtsports.com or (801) 349-4616. A new website will be launched soon.

For media or general information contact Jessica Kunzer, MSI marketing and communications director, at jkunzer@mtsports.com or (801) 349-4612.

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6 months ago
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Stop SkiLink Logo Stop SkiLink Logo

From: TetonGravityResearch
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Stop SkiLink Logo
7 months ago
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News: Black Diamond Leads Grow News: Black Diamond Leads Growing Opposition To Utah SkiLink

From: TetonGravityResearch
Description:

Black Diamond is at the center of growing opposition to the proposed SkiLink that would connect the upper part of the Canyons Resort in Park City to Solitude Mountain Resort in Big Cottonwood Canyon via gondola. The proposal would allow developers to bypass existing jurisdictional and environmental protections and require the United States Forest Service to sell 30 acres of public land.

“What is being publicly sold as a solution to traffic is a private interest land grab of some of the most pristine and heavily used recreational public land in the Wasatch for the benefit of a single real estate developer,” says Peter Metcalf, president and CEO of Black Diamond, Inc. “SkiLink threatens our precious watershed, and shuts out the interests of the multitude of existing stakeholders involved. The industry is against SkiLink but in favor of more sustainable and true Wasatch-wide transportation solutions that benefit all ski areas and the entire community.”

Over 80 of America’s and Utah’s leading outdoor and snow sports brands, along with leading local, regional and national conservation groups, have signed a petition that opposes SkiLink. National businesses and advocacy groups include Armada Skis, EMS, Gregory Mountain Products, Jones Snowboards, Patagonia, Mountain Hardwear, Petzl, POC, PrAna, Voile, Protect Our Winters, The Conversation Alliance, The Wilderness Society and Winter Wildlands Alliance. Supporting local businesses and non-profit groups include: the Alta Lodge, Friends of Alta, International Mountain Equipment (IME), Pagan Mountaineering, Save Our Canyons, Utah Rivers Council and Wasatch Touring.

Salt Lake City Mayor Becker, Salt Lake County Mayor Corroon and a number of state legislators representing the impacted area and officials running for election signed the petition outlining their opposition to SkiLink as well. Additionally, the US Forest Service came out against SkiLink before the House Subcommittee on Forests, Parks and Public Lands.

Carl Fisher, executive director of Save Our Canyons explains, “SkiLink has garnered national interest because the public and business leaders understand that our local recreation economy is bigger than just linking ski areas; it is about protecting the many other multiple uses of our public lands, the values people have of them, the experiences they seek and unique landscapes that foster them. Beyond this, we remain concerned about the implications to the Salt Lake City watershed and the short sighted and seasonal approach to “transportation” which resulted without public input on an issue concerning public lands. There is much irony in the fact that snow sports companies are speaking out against what is being sold to the public as a pro-snow proposition – a proposition that is definitely not for the ski community at large. SkiLink is simply a vehicle to enrich a Canadian real estate developer at the expense of all outdoor enthusiasts.”

For More Click Here
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7 months ago
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News: G3 Partners With Mountai News: G3 Partners With Mountain, Ski Guiding Organizations

From: TetonGravityResearch
Description:

Feedback and collaboration from top guides in the snowsports industry will inform product development team.

VANCOUVER, B.C.- This winter, G3 will partner with a number of professional mountain guiding, ski guiding and outdoor educational organizations as part of an ongoing effort to solicit independent feedback on its skis, bindings, skins and backcountry skiing accessories.

Heading into the winter season, G3 established new or renewing partnerships with the Association of Canadian Mountain Guides (ACMG), Whitecap Alpine Lodge, Selkirk Mountain Experience and the North American Telemark Organization (NATO).

“G3 has established relationships that allow us to collaborate with and get feedback from some of the most respected guides, educational organizations and backcountry ski outfits in North America,” says Oliver Steffen, founder and President of G3. “These guides use and abuse the gear we make day after day throughout the season and the feedback they provide is invaluable in our effort to make sure our products are the best they can be.”

Association of Canadian Mountain Guides (ACMG): G3’s relationship with the ACMG originally began with product development help on some of G3’s first probes and shovels. For 2013, G3 and ACMG are taking their partnership to the next level, which will include product feedback from select ACMG guides who will be using the products all winter. G3 and ACMG have also created a limited-edition co-branded, ACMG 50th anniversary District ski. In addition to the first pair auctioned off at an ACMG fundraiser, G3 is also donating a portion of the proceeds from each 50th anniversary ski order to the Canadian Mountain Ski Guide's Instructor/Examiner Training & Development.

Selkirk Mountain Experience and Whitecap Alpine Lodge: Committed to supporting local mountain guide outfits, in part for the product development feedback the guides provide, G3 has once again signed on to sponsor both Selkirk Mountain Experience and the Whitecap Alpine Lodge. Reudi Beglinger, the lead guide and owner at Selkirk, and Lars Andrews, the owner at Whitecap, will both use G3 skis and gear for 2013, as they have in past years, and key staff members at both outfits have been added to the G3 ambassador team.

North American Telemark Association: With deep roots in telemark and backcountry skiing, G3 will be the sole and exclusive telemark ski and binding product sponsor for all 2013 NATO promotions, clinics and expeditions, and G3 will be the full title sponsor at the 38th annual NATO Telemark Festival and demo days. NATO organizes more than 20 clinics and demos in the Northeast every weekend from December through April, and G3 skis and Enzo bindings will be used for all of the events.

To learn more about ACMG, visit www.acmg.ca
To learn more about Selkirk Mountain Experience, visit www.selkirkexperience.com
To learn more about Whitecap Alpine Lodge, visit www.whitecapalpine.ca
To learn more about NATO, visit www.telemarknato.com

About G3

Based in Vancouver, B.C., G3 Genuine Guide Gear is manufacturer of industry-leading gear for backcountry skiing. It has been making avalanche safety equipment since 1995. The G3 product line includes skis, alpine-touring and telemark ski bindings, climbing skins, avalanche shovels, probes and other ski accessories. G3 was founded on the principle that gear built for backcountry guides should be manufactured to the highest standards, which has helped the company gain a reputation as an industry innovator. For more information, visit www.genuineguidegear.com or like us on Facebook at www.facebook.com/genuineguidegear.
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7 months ago
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G3 Logo G3 Logo

From: TetonGravityResearch
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G3 Logo
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dope jh spare tire cover dope jh spare tire cover

From: passholer
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8 months ago
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News: Black Diamond To Acquire News: Black Diamond To Acquire Snow Safety Product Designer PIEPS

From: TetonGravityResearch
Description:

Black Diamond, Inc. (NASDAQ: BDE) has entered into a definitive agreement to acquire PIEPS Holding GmbH and its operating subsidiary, PIEPS GmbH (together “PIEPS”), a leading Austrian designer and marketer of avalanche beacons and snow safety products, from the SEIDEL Group, a family-owned group of companies focused on electronics manufacturing.

Black Diamond, Inc. (NASDAQ: BDE) has entered into a definitive agreement to acquire PIEPS Holding GmbH and its operating subsidiary, PIEPS GmbH (together “PIEPS”), a leading Austrian designer and marketer of avalanche beacons and snow safety products, from the SEIDEL Group, a family-owned group of companies focused on electronics manufacturing.

“Black Diamond’s acquisition of PIEPS reflects our ongoing strategy to assemble the best and brightest global companies that lead the charge in creating safer travel and backcountry adventure experiences,” said Peter Metcalf, president and CEO of Black Diamond. “Like Black Diamond Equipment, PIEPS is widely recognized among backcountry enthusiasts for its electronic innovation, premium quality, product reliability and practicality. This reputation has translated into their position as one of the global leaders in avalanche transceivers and has given PIEPS a leading market share in its core markets of Germany and Austria.  

Founded in 2006, with roots dating back to 1972, PIEPS is widely recognized as an innovator and technology leader in alpine safety equipment. PIEPS offers a focused range of premium alpine performance products, including avalanche transceivers and probes, shovels, safety equipment, packs, and satellite-based devices for messaging, route tracking, and navigation. PIEPS is the only authorized European Iridium satellite network partner within the alpine sport and outdoor sectors.  

PIEPS’ CEO Michael Schober commented: “The joint power of Black Diamond’s global operational resources and PIEPS’ leading alpine search and rescue technology creates a powerful platform for further product development. We believe that Black Diamond’s existing and planned electronic products will be supported with our extensive technical experience developing and manufacturing avalanche beacons and other electronic devices. In Black Diamond, we are confident that we have found our ideal match to cultivate our brand and look forward to continue delivering premium alpine performance products.

  For its fiscal year ended March 31, 2012, PIEPS’ sales were €6.0 million or approximately $8.2 million.  

Under the terms of a definitive agreement, Black Diamond will purchase PIEPS for €8.0 million or approximately $10.4 million in cash and will also assume approximately €2.1 million or $2.7 million in debt. Black Diamond has committed up to an additional estimated €2.3 million or approximately $3.0 million of contingent purchase price upon PIEPS’ achievement of certain sales targets between the closing of the transaction and March 31, 2015.  

The transaction is expected to close on October 1, 2012 and is expected to be immediately accretive to Black Diamond earnings per share.  

“PIEPS will be run as a semi-autonomous, discrete but closely linked Black Diamond brand that we believe will benefit directly from our operational infrastructure that is similarly tailored to highly engineered, life-dependent products,” continued Metcalf. “We also expect to grow PIEPS’ sales in those markets and geographies covered by Black Diamond’s global distribution platform. PIEPS has historically generated higher gross margin than a typical hard goods company and we expect that to have a positive impact on our overall average gross margin. PIEPS intellectual property, specifically its avalanche technology—including their paradigm-changing Global Finder—supports Black Diamond’s continuing focus on developing our electronic technology and applications product portfolio. We believe that all of these factors make PIEPS an ideal acquisition for Black Diamond as we advance our strategy to become the world’s most respected outdoor equipment and lifestyle company.”  

Black Diamond Europe Managing Director, Christian Jaeggi observed, “In Europe the combination of Black Diamond with its highly respected, responsive, and centralized dealer services operation with the avalanche safety and transceiver leadership embodied in Pieps creates a truly synergistic opportunity that we believe will benefit not only both companies but retailers and consumers alike.”  

All PIEPS products are designed and developed in its state-of-the-art facilities and are the result of close collaboration with top mountain guides and rescue teams, scientists and alpine security specialists, as well as major universities in Austria and Switzerland, such as the Institute for Snow and Avalanche Research. PIEPS electronic products will continue to be manufactured by SEIDEL Elektronik, another member of the SEIDEL Group and a contract manufacturer of electronic products for over 15 years.  

Renowned for its technological innovation, PIEPS is the recipient of many prestigious industry awards, including Gear of the Show at the summer 2012 Outdoor Retailer and the ISPO Outdoor Award in 2011. It also holds the distinctive ISO (International Organization for Standardization) 9001 certification which defines the standard for quality management systems.
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8 months ago
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Black Diamond Logo Black Diamond Logo

From: TetonGravityResearch
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Black Diamond Logo
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PIEPS Logo PIEPS Logo

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News: Town Renames Street In H News: Town Renames Street In Honor Of Skier Sarah Burke

From: media-75233
Description:

Midland, Ontario - The logo on the new Sarah Burke Way street sign in Midland features a freestyle skier, but it's the little happy girl who got on and off the school bus and the one who loved trampolining in her yard that family, friends and neighbours remember.

"Most of our memories is not of the skier but of a special human being who made everyone feel good," said her father, Gord Burke.

The renaming of Huron Street to Sarah Burke Way was a complete surprise to the Burke family.

"It makes me feel pretty good," said the late skier's father. "It honours Sarah so much. It makes me think of my neighbours, of the kindness of them, how they've helped out so much."

Burke said his daughter loved Midland and that she would be proud of the honour bestowed on her.

About 50 people attended the unveiling Thursday afternoon, including the Burke's neighbours, Debbie and Rick Dalziel, who were instrumental in getting the street renamed.

The sign project was completed in about six months and the unveiling was attended by Midland Mayor Gordon McKay.

The mayor gave an eloquent speech about the historic moment and gave tribute to the late four-time Winter X Games gold medallist.

"She's truly a remarkable lady. She revolutionized her sport and showed what inspiration and dedication is all about," McKay said.

Within two days of the 29-year-old Canadian freestyle skier's death, Burke's neighbours developed the idea of having her street named after her.

"My wife and I just got talking and we came up with this idea to rename the street to Sarah Burke," said Rick Dalziel.

He and his wife started a petition that was "unanimously" signed by all the neighbours.

"It filled up quickly," Dalziel said.

They took that petition to the Midland chief administrative officer, Ted Walker, who took it to mayor and council.

"They did a wonderful job how fast they made this happen," Dalziel said.

The Burke family has lived on the street for 22 years.

Story and photo via Midland Free Press.
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10 months ago
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X-Dance Logo X-Dance Logo

From: media-75233
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11 months ago
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News: X-Dance Action Sports Fi News: X-Dance Action Sports Film Festival Changes Its Dates

From: media-75233
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This November, the best action sports filmmakers, iconic athletes, and culture enthusiasts will descend upon Salt Lake City for the 13th annual X-Dance Action Sports Film Festival. This year's event will run November 8-12, 2012 (the weekend of Veteran's Day) with screening and party headquarters at The Depot (13 North 4th West; 801-456-2800 www.depotslc.com).

Make plans to submit your films starting July 15th with a deadline of September 21st for all entries. They will announce this year's selection on October 8th to allow ample time to make travel arrangements. Attendance is required by either the filmmaker or some other representative that was directly involved in the making of the film (athlete, producer, etc.). This will make a huge difference for you, your film and X-Dance.

X-Dance has continued to grow in reach and prestige every year. The 2011-12 event was a banner year with great film quality, filmmaker participation and audience attendance. This year they are projecting even greater participation and another year of record-breaking attendance. If you don't have a film for this year's festival, you must have friends/colleagues who do. Spread the word and come out to support this industry while enjoying the best action sports films in the world. For more info, please visit:
www.x-dance.com
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11 months ago
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News: Black Diamond To Acquire News: Black Diamond To Acquire Protective Gear Manufacturer POC

From: media-75233
Description:

SALT LAKE CITY, June 7, 2012 — Black Diamond, Inc. BDE +3.02% (the "Company" or "Black Diamond") announced that it has entered into a definitive agreement to acquire POC Sweden AB ("POC"), a Stockholm-based designer and manufacturer of protective gear for action sports athletes.

Founded in 2004, POC produces and distributes to 27 countries advanced-design helmets, body armor, goggles, eyewear, gloves and apparel for action or "gravity sports," like skiing, snowboarding and cycling, with a particular emphasis on safety and protection.

POC, renowned for its research and innovation, is the recipient of numerous industry awards, including the Grand Prize for Active Safety in the prestigious Volvo ISPO Sports Design Award competition. POC's patented technology continues to set new standards for construction, material combinations and engineering for personal protection.

For its fiscal year ended April 30, 2012, POC's unaudited total revenues were approximately $22.5 million, an increase of approximately 35% over the prior year, in spite of a warm and dry winter globally.

Under the terms of the definitive agreement, Black Diamond will purchase POC for 311 million Swedish kronor (SEK) or approximately $43.5 million. At closing, Black Diamond will deliver approximately 460,000 shares of BDE common stock and approximately $40.0 million in cash depending upon the SEK/USD ($) exchange rate at closing. Black Diamond has committed an additional estimated $12.5 million payable in a series of significant, long-term, performance-based incentives payable to management, structured as compensation, with multiple measurement and payment dates over a six and a half year period. The expected total of $12.5 million in compensatory incentive payments are predicated upon aggregate POC contribution margin expected from a 30% compounded annual growth of POC's revenue. Any such performance payments shall be offset by gains imbedded in the vested portion of an employee stock option pool comprised of 500,000 options with exercise prices ranging from $13.00 to $16.00 per share.

The common stock to be issued at closing is subject to a lock-up agreement restricting sales for two years and will be pledged to Black Diamond as security for indemnification claims under the definitive agreement. The transaction is expected to close in June 2012 and is expected to be accretive to Black Diamond earnings per share in 2013.

"POC and Black Diamond were both founded as solutions-based companies, focused on providing unmatched personal protection for active outdoor athletes," said Peter Metcalf, President and CEO of Black Diamond. "We believe POC is one of the most innovative, fastest-growing and hottest brands in action sports protective gear today and a strong strategic addition to the Black Diamond platform."

"We expect POC to benefit significantly from Black Diamond's robust operational infrastructure which is tailored to highly engineered, life-dependent products, including our rigorous level of QA/QC testing and compliance, manufacturing and engineering acumen, and global distribution platform," continued Metcalf. "POC's product line developed for the alpine and free-ride ski, mountain and road bike markets--including their paradigm-changing innovations in helmet design--provides us an array of products that expand the breadth of our multi-seasonal offerings. Along with their innovative POC Lab and valuable intellectual property, POC fits our ultimate vision of bringing together the best and brightest companies in terms of product design, aesthetics, culture and commitment to the customers we serve."

POC founder and CEO, Stefan Ytterborn, commented: "Given POC's mission to save lives and reduce the consequences of accidents for gravity sports athletes, partnering with a highly capable and energetic company like Black Diamond greatly enhances our ability to better serve our worldwide community of users. In Black Diamond we have truly found our match in terms of 'hearts and brains.' We are excited to join forces as one company, bringing together extraordinary talent and commitment to excellence, along with our deeply shared values and purpose."
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11 months ago
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