The photo above is something that will be frowned on by airsoft players as it shows someone in the act of doing blind-firing. Or is it really blind-firing? The shooter in the photo is using the TrackingPoint Smart Rifle with the rifle transmitting what it sees to the shooter who is using something like a Google Glass to track, mark, and shoot the target.

Earlier this year, many have wondered about the future of TrackingPoint as a company when it stopped taking orders due to financial difficulties and laying off of staff. With its Xact System which is the heart of the Precision Guided Firearm that allows anyone with just minimum instruction, to shoot accurately like a pro or a highly trained sniper.

According to the MyStatesMan.com, TrackingPoint has resumed shipping orders of the smart rifle after coming out financial and operational restructuring. There has  been new capital infusion and that co-founder John MacHale shall be CEO of the company. The company reported rapid and strong growth in 2014 but the problems they encountered in 2015 was due to the company's operations being overwhelmed by its rapid growth. In July 2015, a story was posted that hackers can disable or change the target of the TrackingPoint remotely.

With its relaunch, the company says it has streamlined operations with a smaller research and development budget and reduced staffing and costs of operations overall. Several engineers will be retained as contractors for the company. The company will renew its focus on law enforcement and military.

Press release from the company right below the video:

TrackingPoint Emerges From Restructuring a Leaner and Stronger Company

Founding Management Team Returns To Lead TrackingPoint Forward

Pflugerville, Texas (September 15, 2015) – TrackingPoint announced today the successful completion of a financial and operational restructuring. The company is accepting new orders while fulfilling its backlog of existing orders. In the spring of 2015, TrackingPoint temporarily suspended production and deliveries in order to put the company back on a strong financial footing. TrackingPoint previously announced 2014 year-on-year unit growth of 281%, and its management indicated that the rapid growth subsequently outstripped the company's ability to manage its operations.

TrackingPoint's founding team of John Lupher and John McHale has returned to manage the company going forward. John Lupher reassumes his founding role as Vice President of Engineering, while John McHale, formerly Chairman, returns to his original role as CEO. "We were successful early on, so John Lupher and I decided to go back to our roots and take TrackingPoint to the next level", said McHale. Frank Bruno, Chief Operation Officer, and Richard Wierzbicki, Chief Financial Officer, bolster the team to ensure the company operates efficiently going forward.

The company has a five person board of directors that includes Eric Olson, the first Navy Seal to rise to the rank of four-star Admiral. Olson, a Navy Seal for 38 years and retired former Commander of the US Special Operations Forces, helps lead TrackingPoint's defense strategy and initiatives. "I'm glad to see TrackingPoint moving forward with renewed focus on law enforcement and the military. This is innovation at its best, with a real and meaningful purpose for security forces and war fighters," said Olson.

"This is a new beginning for TrackingPoint," said McHale. "We will focus intently on the consumer, continue to innovate, and operate in a way that ensures long term success." The company's investors include the Friedkin Group, Goff Capital Partners, and McHale Labs.

About TrackingPoint

TrackingPoint is based in Austin, Texas, and created the first Precision-Guided Firearm, a revolutionary new shooting system that puts fighter jet lock-and-launch technology in small arms, enabling shooters to make shots previously considered beyond human ability. For more information, please visit tracking-point.com.

Media Contact:

Kimberly Chung
Marketing Communications Manager
TrackingPoint, Inc.
512-220-5196
[email protected]