First Texas Products

First Texas Products specializes in designing and manufacturing advanced metal detection devices for a variety of applications, including hobbyist treasure hunting, security, and industrial use. Founded in 1999 and headquartered in El Paso, US, First Texas Products focuses on creating innovative metal detectors designed for different user levels and applications. The company was established by Ariel Siqueira and Ilja Vasiljev, who have a background in developing technology solutions. First Texas Products has successfully completed 3 deals to date, reflecting its growth in the metal detection market.

Bounty Hunter Metal Detectors, a division of First Texas Products, specializes in the design and manufacturing of metal detection devices tailored for various applications, including hobbyist treasure hunting, security, and industrial use. Their core products include entry-level detectors like the Junior series and advanced models such as the Tracker IV and Land Star, designed to efficiently locate coins, relics, and jewelry. Each device features advanced technology for superior target separation and discrimination, catering to consumers in the United States and international markets, targeting outdoor enthusiasts, treasure hunters, and security professionals. Bounty Hunter Metal Detectors generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers.

Their product prices range from approximately USD 39. 99 for entry-level units to around USD 285. 99 for advanced detectors. Sales occur primarily through the company's website or authorized retailers, where customers also benefit from warranty registrations and customer support services.

The diverse product lineup, including flagship models like the Quick Draw Pro and Land Ranger Pro, underpins the company’s revenue strategy, appealing to clients across various geographical markets. First Texas Products plans to introduce new metal detection devices aimed at enhancing user experience and functionality. The company is looking to expand its market reach into European and Asian regions by the end of 2024. Recent funding will support these product development and market expansion initiatives, following TGF Management's exit from its stake in First Texas Products.