UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01 Other Events.
On November 11, 2022, we submitted a report to the U.S. Consumer Products Safety Commission (the “CPSC”) seeking a recall notice for our Nomad tankless dive system. We have learned that the compressor head of the tankless dive system can potentially fracture while in use, resulting in restricted air flow, which poses a drowning hazard. We have ceased sales of this product at this time. To date, we have sold approximately 1,500 of these systems, and have received 21 reports from users experiencing this malfunction. No injuries have been reported.
In our report to the CPSC, we propose repairing all Nomad systems sold to date by replacing the component that is experiencing fatigue failures with a replacement part which has been modified through improved part design and materials upgrades. After review of our report, the CPSC will issue the formal recall notice for this product. The CPSC’s notice, when issued, will specify the final details of the recall.
The information regarding this potential product recall is preliminary in nature. We will disclose additional information regarding this matter as it becomes available to us.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Brownie’s Marine Group, Inc. | ||
| Date: November 16, 2022 | By: | /s/ Christopher Constable |
| Christopher Constable, Chief Executive Officer | ||