FORMER RCI DIVISION PURCHASED BY FOREIGN INVESTORS.

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A former division of Rivet and Crimp Industries, a major subcontractor for national defense manufacturers, has recently been purchased by Taiwanese American tech billionaire Henry Gau.

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CEO of Formosa OptoTech, Gau is known for his close relationship with Chinese suppliers and manufacturers. Branding the company Rivtech, the company will focus on competing in the US Next Generation Squad Weapons trial.

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Rivet and Crimp Industries's former weapons manufactory division is previously known for manufacturing a pump-action grenade launcher entrant in the M32 Multiple Grenade Launcher Trial, embroiling RCI and tech partner Javelin Systems in a bitter, expensive legal battle.