The transaction is expected to close later this year, but specific timing for closing is subject to customary closing conditions, including approval by Ardent Leisure stockholders and regulatory review. The all-cash transaction, which was unanimously approved by both Boards of Directors, represents a total enterprise value of $835 million. Main Event is a family entertainment concept with 50 locations in the U.S, including three recently acquired The Summit locations in Colorado. Upon closing, Chris Morris, the current CEO of Main Event will be named CEO of Dave & Buster’s. The battery used in the Block 3B and SNA variants provides an endurance of more than 45 minutes with continuous jamming and more than ten hours while performing detection.DALLAS, Ap(GLOBE NEWSWIRE) - Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it has entered into an agreement to acquire Main Event from Ardent Leisure Group Limited (ASX:ALG) (“Ardent Leisure”) and RedBird Capital Partners (“RedBird”). The Block 3 variant has more than three hours of endurance with continuous jamming and more than ten hours in RF detection mode. It can also be powered by means of external DC power. The system runs on a military-grade battery. Furthermore, the C-UAS can be used by first responders to avert drone threats. The system’s applications also include security of events, convoy, critical infrastructure and facilities. The Dronebuster can be used to interdict a UAS flying near an army base. It can jam ISM, Ham and GNSS frequencies simultaneously. The Dronebuster Block 3B can jam commercial satellite navigation frequencies and optionally simulate GNSS signals. The system can jam industrial, scientific and medical (ISM) and Ham radio frequency bands to defeat the drone threats. It allows the operator to detect the type of messages transmitted from the drone, including command and control (C2), video feeds, and telemetry data. The C-UAS system is equipped with an RF power meter and an analyser to counter drones even in low visibility. The Dronebuster Block 3B has an overall weight of 6.4lb (2.9kg), while the SNA weighs 5.5lb (2.49kg). The Block 3B and Dronebuster SNA variants measure 22in long, 5.5in wide and 10.5in high. It has an overall weight of 4.1lb (1.85kg). The Dronebuster Block 3 has a length of 21in, a width of 6.5in and a height of 11in. The Block 3 variant supports line-of-sight (LOS) operation, while the 3B variant can operate beyond line-of-sight (BLOS). The Dronebuster can be transformed into a fixed site system using optional Picatinny rail mounts installed on the top and bottom. The Block 3 and Block 3B configurations are offered either as stand-alone man-portable systems or for use as part of an integrated C-UAS solution. The Dronebuster can also overwhelm the global positioning system/global navigation satellite system (GPS/GNSS) signals to make the drone hover, land, or fall out of the sky. The Dronebuster Block 3 and Block 3B configurations disrupt the drone control frequency and force the drone to return to the operator. The Dronebuster is a radio frequency (RF) jammer designed to address the ever-increasing threat of drones. Flex Force delivered the 1,000 th system in February 2022. RHT completed the delivery of 200 Block 3 configuration Dronebusters to the US DoD and Nato partners by the end of 2017. The merger of RHT and Flex Force was concluded in January 2019. Radio Hill Technologies (RHT), now part of Flex Force, received a contract for the sale of 100 Block 3 Dronebuster handheld C-UASs to the US Air Force (USAF) in June 2017. It is responsible to market, sell and distribute the Dronebuster C-UAS. Newcom Wireless Services, a turnkey solutions provider based in the US, was named the authorised distributor for Flex Force Enterprises in April 2021.
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