Newmarket, ON – AirBoss of America Corp. (TSX: BOS) announced today that AirBoss Defense, the defense products line of its Engineered Products segment, has been awarded an IDIQ contract from the US Department of Defense for the manufacture of up to 1,620,000 pairs of AirBoss Molded Glove (AMG) chemical, biological, radiological and nuclear defense (CBRN) protective gloves. The contract consists of an initial base year and two option years and is expected to be worth up to an aggregate amount of US$36.5 million, assuming 1,620,000 pairs of AMGs are sold. To date, AirBoss Defense has received two orders for a total of 540,000 pairs of AMGs, worth approximately US$11.4 million. The delivery period for this initial order is anticipated to be from Q4 2018 through Q4 2019.
The AMG was designed to provide superior protection against CBRN threats and a wide range of toxic industrial chemicals. The glove was developed to provide optimal fit, comfort, dexterity, and tactility and fully integrates with all currently fielded CBRN suits. AirBoss is proud of the widespread adoption of the AMG – over the last decade it has been used by forty countries, with over 4.6 million pairs sold for aggregate proceeds of approximately US$108 million.
AirBoss Defense is a world leader in the design, development, and manufacture of CBRN personal protective equipment, as well as protection against communicable diseases and respiratory threats, for the individual, First Responder, Medical, Military, Law Enforcement, Fire and Industrial communities. For more than 40 years, AirBoss Defense has supplied military and first-response forces worldwide with hand wear, footwear, and respiratory protection from CBRN agents and extreme cold weather.
AirBoss of America Corp.
AirBoss of America Corp. is a group of complementary businesses using compounding technology and engineering expertise to create value for its customers. With a capacity to process approximately 400 million turn pounds of rubber annually, AirBoss Rubber Solutions is one of North America’s largest custom rubber compounding companies and a leading supplier of essential calendered and extruded products for a broad range of applications. AirBoss Engineered Products is a world leader in the supply of life saving products for the military and a leading supplier of innovative anti-vibration solutions to the North American automotive market. The Company’s shares trade on the TSX under the symbol BOS. Visit www.airbossofamerica.com.
Contact: Lisa Swartzman, President or Gren Schoch, Chairman and CEO at 905-751-1188.
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