{"id":468340,"date":"2021-03-31T07:03:28","date_gmt":"2021-03-31T11:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=468340"},"modified":"2021-03-31T07:03:28","modified_gmt":"2021-03-31T11:03:28","slug":"airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/","title":{"rendered":"AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions"},"content":{"rendered":"

\nU.S. Department of Defense Selects Trusted Supplier to Provide CBRNE and Extreme Cold Weather Footwear
\n<\/h2>\n
\n

NEWMARKET, Ontario, March 31, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that its wholly-owned subsidiary AirBoss Defense Group (“ADG”), the global leader in survivability for the assured mobility, healthcare and chemical, biological, radiological, nuclear, and explosive (\u201cCBRNE\u201d) communities, has been awarded an indefinite delivery\/indefinite quantity (IDIQ) contract valued at up to US$15.1 million by the U.S. Department of Defense (\u201cDOD\u201d) for the manufacture and sale of up to 56,700 pairs of Extreme Cold Vapor Barrier Boots (\u201cECVBB\u201d), commonly referred to as \u201cbunny boots\u201d. The Defense Logistics Agency (DLA) Troop Support will administer this three-year contact and deliveries are expected to begin immediately.<\/p>\n

In addition to the ECVBB contract, AirBoss also announced that it has recently received a US$7.9M order from the DOD for its Molded AirBoss Lightweight Overboots (\u201cMALOs\u201d) as part of an IDIQ contract for MALOs previously announced in September 2019. This follow-on order reaches the maximum value of the original base contract for up to 600,000 pairs of MALO boots at an aggregate amount of US$26.7M.<\/p>\n

\u201cWe\u2019re extremely pleased to remain the trusted supplier of protective footwear for U.S. servicemembers around the world, a recognition of our longstanding capability to provide specialized survivability solutions that outperform in the most challenging environments,\u201d said Chris Bitsakakis, President and COO of AirBoss. \u201cFor decades, the U.S. government has selected our solutions, from respiratory protection to protective wearables, to protect warfighters, frontline healthcare workers, first responders and security personnel.\u201d<\/p>\n

The new ECVBB contract and MALO purchase order are included in the Company\u2019s outlook for 2021 and build upon ADG\u2019s successful history of providing protective and survivability solutions to the U.S. federal government. AirBoss and its predecessor companies have been providing critical protection to soldiers since the second world war.<\/p>\n

The ECVBB is a legacy boot used by the United States Armed Forces. These robust, waterproof rubber boots are rated to perform in the coldest of weather conditions (-20 to -65 degrees Fahrenheit), with a liner-free interior retaining warmth by layering up to one inch of wool and felt insulation between two vacuum-tight layers of rubber. The ECVBB was originally designed at the Navy Clothing and Textile Research Center in Natick, MA during the Korean War for military expeditions in extreme cold weather environments. The proven warmth and durability of the ADG ECVBB has made these boots the extreme cold weather footwear of choice for the DOD.<\/p>\n

The MALO was originally designed and developed to provide superior physical properties and protection compared to CBRNE overboots then in service. It is made with an injection-molded specialty polymer, an easy to decontaminate material that offers superior protection against CBRNE threats, and integrates with currently fielded CBRNE Suits. The MALO has been broadly adopted worldwide and is used by more than 40 countries.<\/p>\n

\n About AirBoss<\/strong>\n <\/p>\n

AirBoss of America is a leading and diversified developer, manufacturer and provider of innovative survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through three divisions. AirBoss Defense Group is a global leader in personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities. AirBoss Rubber Solutions is a top-tier North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Engineered Products is a supplier of innovative anti-vibration solutions to the North American automotive market and other sectors. The Company\u2019s shares trade on the TSX under the symbol BOS. Visit www.airboss.com<\/a> for more information.<\/p>\n

Investor Contact: Chris Bitsakakis, President, Gren Schoch, Chairman and CEO at 905-751-1188<\/p>\n

Media Contact: media@airboss.com<\/a><\/p>\n

\n AIRBOSS FORWARD LOOKING INFORMATION DISCLAIMER.<\/em>\n <\/p>\n

Certain statements contained or incorporated by reference herein, including those that express management\u2019s expectations or estimates of future developments or AirBoss\u2019 future performance, constitute \u201cforward-looking information\u201d or \u201cforward-looking statements\u201d within the meaning of applicable securities laws, and can generally be identified by words such as \u201cwill\u201d, \u201cmay\u201d, \u201ccould\u201d \u201cexpects\u201d, \u201cbelieves\u201d, \u201canticipates\u201d, \u201cforecasts\u201d, \u201cplans\u201d, \u201cintends\u201d or similar expressions. These statements are not historical facts but instead represent management\u2019s expectations, estimates and projections regarding future events and performance.<\/p>\n

Statements containing forward-looking information are necessarily based upon a number of opinions, estimates and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies. AirBoss cautions that such forward-looking information involves known and unknown contingencies, uncertainties and other risks that may cause AirBoss\u2019 actual financial results, performance or achievements to be materially different from its estimated future results, performance or achievements expressed or implied by the forward-looking information. Numerous factors could cause actual results to differ materially from those in the forward-looking information, including without limitation: impact of general economic conditions notably including its impact on demand for rubber solutions and products; dependence on key customers; global defense budgets, notably in the Company\u2019s target markets, and success of the Company in obtaining new or extended defense contracts; cyclical trends in the tire and automotive, construction, mining and retail industries; sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; AirBoss\u2019 ability to maintain existing customers or develop new customers in light of increased competition; AirBoss\u2019 ability to successfully integrate acquisitions of other businesses and\/or companies or to realize on the anticipated benefits thereof; changes in accounting policies and methods, including uncertainties associated with critical accounting assumptions and estimates; changes in the value of the Canadian dollar relative to the US dollar; changes in tax laws and potential litigation; ability to obtain financing on acceptable terms; environmental damage and non-compliance with environmental laws and regulations; impact of global health situations; potential product liability and warranty claims and equipment malfunction. COVID-19 could also negatively impact the Company\u2019s operations and financial results in future periods. There is increased uncertainty associated with future operating assumptions and expectations as compared to prior periods. As such, it is not possible to estimate the impacts COVID-19 will have on the Company\u2019s financial position or results of operations in future periods. While the direct impacts of COVID-19 are not determinable at this time, the Company has a credit facility as at December 31, 2020 that can provide financing up to US$60,000,000. This list is not exhaustive of the factors that may affect any of AirBoss\u2019 forward-looking information. All of the forward-looking information in this press release is expressly qualified by these cautionary statements. Investors are cautioned not to put undue reliance on forward-looking information.<\/p>\n

All subsequent written and oral forward-looking information attributable to AirBoss or persons acting on its behalf are expressly qualified in their entirety by this notice. Forward-looking information contained herein is made as of the date of this press release and, whether as a result of new information, future events or otherwise, AirBoss disclaims any intent or obligation to update publicly this forward-looking information except as required by applicable laws. Risks and uncertainties about AirBoss\u2019 business are more fully discussed under the heading \u201cRisk Factors\u201d in our most recent Annual Information Form and are otherwise disclosed in our filings with securities regulatory authorities which are available on SEDAR at www.sedar.com<\/a>.<\/p>\n

Photos accompanying this announcement\u00a0are available at:<\/p>\n

\n https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/28478bb4-2a20-4b05-8361-259863349e1d<\/a>\n <\/p>\n

\n https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e004db93-9bf9-4687-a147-4c3d02875b0d<\/a>\n <\/p>\n

\n https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/938586bc-7635-438a-af65-2203f7c9ba26<\/a>\n <\/p>\n


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\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. Department of Defense Selects Trusted Supplier to Provide CBRNE and Extreme Cold Weather Footwear NEWMARKET, Ontario, March 31, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that its wholly-owned subsidiary AirBoss Defense Group (“ADG”), the global leader in survivability for the assured mobility, healthcare and chemical, biological, radiological, nuclear, and explosive (\u201cCBRNE\u201d) communities, has been awarded an indefinite delivery\/indefinite quantity (IDIQ) contract valued at up to US$15.1 million by the U.S. Department of Defense (\u201cDOD\u201d) for the manufacture and sale of up to 56,700 pairs of Extreme Cold Vapor Barrier Boots (\u201cECVBB\u201d), commonly referred to as \u201cbunny boots\u201d. The Defense Logistics Agency (DLA) Troop Support will administer this three-year contact and … <\/p>\n

Continue reading “AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-468340","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Department of Defense Selects Trusted Supplier to Provide CBRNE and Extreme Cold Weather Footwear NEWMARKET, Ontario, March 31, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that its wholly-owned subsidiary AirBoss Defense Group (“ADG”), the global leader in survivability for the assured mobility, healthcare and chemical, biological, radiological, nuclear, and explosive (\u201cCBRNE\u201d) communities, has been awarded an indefinite delivery\/indefinite quantity (IDIQ) contract valued at up to US$15.1 million by the U.S. Department of Defense (\u201cDOD\u201d) for the manufacture and sale of up to 56,700 pairs of Extreme Cold Vapor Barrier Boots (\u201cECVBB\u201d), commonly referred to as \u201cbunny boots\u201d. 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(TSX: BOS) (the “Company” or “AirBoss”) today announced that its wholly-owned subsidiary AirBoss Defense Group (“ADG”), the global leader in survivability for the assured mobility, healthcare and chemical, biological, radiological, nuclear, and explosive (\u201cCBRNE\u201d) communities, has been awarded an indefinite delivery\/indefinite quantity (IDIQ) contract valued at up to US$15.1 million by the U.S. Department of Defense (\u201cDOD\u201d) for the manufacture and sale of up to 56,700 pairs of Extreme Cold Vapor Barrier Boots (\u201cECVBB\u201d), commonly referred to as \u201cbunny boots\u201d. The Defense Logistics Agency (DLA) Troop Support will administer this three-year contact and … Continue reading \"AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-31T11:03:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwOTA5MiM0MDk5MTM5IzIwODA3NjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions","datePublished":"2021-03-31T11:03:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/"},"wordCount":1287,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwOTA5MiM0MDk5MTM5IzIwODA3NjQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/airboss-receives-orders-valued-at-up-to-us23-million-for-specialized-footwear-solutions\/","name":"AirBoss Receives Orders Valued at up to US$23 Million for Specialized Footwear Solutions - 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