Ruger® Issues Product Safety Warning and Recall Notice of LCP™ Pistol
October 29, 2008
Sturm, Ruger & Company, Inc. (NYSE-RGR) announces that it has recently received a small number of reports from the field indicating that LCP pistols can discharge when dropped onto a hard surface with a round in the chamber. Although no injuries have been reported, we are firmly committed to safety and will retrofit all older LCP pistols (described below). The retrofit involves installation of an upgraded hammer mechanism at no charge to the customer.
As a responsible manufacturer, we want to make our customers aware of this FREE safety upgrade. All LCP pistols bearing the prefix "370" (that is, serial number 370-xxxxx) may be affected. LCP owners can sign up for the safety upgrade or obtain additional information by:
• Visiting our LCP recall website at www.ruger.com/lcprecall
• Email: LCPrecall@ruger.com
• Fax: 928-541-8873
• Calling the LCP Recall hotline at 1-800-784-3701
The new parts are being built and we will retrofit LCP pistols on a first-come, first-served basis as soon as they are available. When Ruger is ready to retrofit a consumer's pistol, Ruger will send a shipping label and package with instructions for the FREE return of the LCP pistol to our factory in Prescott, Arizona. Ruger will install the new hammer mechanism, plus some other functional upgrades that have been added since the LCP's introduction, at no charge to the consumer and the pistol will be returned at Ruger expense. All owners will receive a FREE LCP magazine with the new finger grip extension as a "thank you" for their patience and cooperation.
We want to remind gun users that, for maximum safety when carrying any pistol with a loaded magazine in place, the chamber should be empty, and the slide should be closed. Any gun may fire if dropped or struck.
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. The only full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 30 product lines. For more than 60 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens," echoes the importance of these principles as we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens”®