True Velocity Inc. — a maker of polymer ammunition and other products — will build a new manufacturing plant in Garland, Texas.
Garland-based True Velocity will open the 60,000-square-foot site in the second quarter of 2017, according to a Jan. 3 news release from the city. The plant is expected to employ 30.
True Velocity's product and manufacturing processes have been awarded more than 100 patents or patents pending. Several of those patents are for polymer ammunition, including one issued Dec. 6 for a method of making a polymer ammunition cartridge casing.
The city will provide True Velocity with a 40 percent tax abatement on business and personal property for five years, provided the firm contributes at least $35 million on tax rolls.
“True Velocity will be yet another exciting addition to Garland's robust plastics and advanced manufacturing clusters,” city economic development director David Gwin said in the release.
True Velocity President and Chief Operating Officer Chris Tedford also is president of Automatic Products Corp., a machined parts maker also located in Garland. In early 2016, True Velocity raised $1.3 million in a round of financing from 16 investors.
