NEWMARKET, Ontario, Oct. 10, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) appear today that AirBoss Defense, the aegis articles band of its Engineered Articles segment, has been awarded the Joint Chemical Biological Radiological Nuclear Accepted Account Respirator (J CBRN GSR) arrangement for the Canadian Department of National Aegis (DND). AirBoss Aegis will bear analytical adequacy in the breadth of Chemical, Biological, Radiological and Nuclear Aegis (CBRN) to the DND by bartering up to 77,800 of its recently-commercialized Low Burden Affectation (LBM) and up to 155,600 of its anew developed canister. The arrangement is accepted to be account up to an accumulated bulk of C$29.8 Actor additional any abeyant acquirement from an 8-year in-service abutment contract. Deliveries beneath the arrangement are accepted to arise in 2019 and abide through 2020.
The ambition of the J CBRN GSR activity was to alter the C4 CBRN gas masks and C7A canisters now in account with the Canadian Armament (CF) with new CBRN respirators and canisters. The activity algid is to annex adequate respirators to accouter Air, Land, and Maritime Forces, including specialized units, to abutment Standing and Mission Specific Task Forces; Immediate Reaction Units; and High Readiness Units.
This accolade represents the aboriginal above acceptance by a avant-garde aggressive of AirBoss Defense’s avant-garde LBM. The LBM was advised and developed to be the world’s best avant-garde gas affectation with a avant-garde lens, optical examination area, bigger fit, and bargain breath resistance. The LBM has apparent able acceptance back its addition by AirBoss Defense.
AirBoss Aegis is a apple baton in the design, development, and accomplish of CBRN claimed careful equipment, as able-bodied as aegis adjoin catching diseases and respiratory threats, for the individual, Aboriginal Responder, Medical, Military, Law Enforcement, Fire and Industrial communities. For added than 40 years, AirBoss Aegis has supplied aggressive and first-response armament common with duke wear, footwear, and respiratory aegis from CBRN agents and acute algid weather.
AirBoss of America Corp. is a accumulation of commutual businesses application compounding technology and engineering adeptness to actualize amount for its customers. With a accommodation to action about 400 actor about-face pounds of elastic annually, AirBoss Elastic Solutions is one of North America’s better custom elastic compounding companies and a arch supplier of capital calendered and extruded articles for a ample ambit of applications. AirBoss Engineered Articles is a apple baton in the accumulation of activity extenuative articles for the aggressive and a arch supplier of avant-garde anti-vibration solutions to the North American automotive market. The Company’s shares barter on the TSX beneath the attribute BOS. Visit www.airbossofamerica.com.
Contact: Lisa Swartzman, President or Gren Schoch, Chairman and CEO at 905-751-1188.
AIRBOSS FORWARD LOOKING INFORMATION DISCLAIMER
Certain statements independent or congenital by advertence herein, including those that accurate management’s expectations or estimates of approaching developments or AirBoss’ approaching performance, aggregate “forward-looking information” or “forward-looking statements” aural the acceptation of applicative balance laws, and can about be articular by words such as “will”, “may”, “could” “is accepted to”, “believes”, “anticipates”, “forecasts”, “plans”, “intends” or agnate expressions. These statements are not absolute facts but instead represent management’s expectations, estimates and projections apropos approaching contest and performance.
Statements absolute advanced advice are necessarily based aloft a cardinal of opinions, estimates and assumptions that, while advised reasonable by administration at the time the statements are made, are inherently accountable to cogent business, bread-and-er and aggressive risks, uncertainties and contingencies. AirBoss cautions that such advanced advice involves accepted and alien contingencies, uncertainties and added risks that may account AirBoss’ absolute banking results, achievement or achievements to be materially altered from its estimated approaching results, achievement or achievements bidding or adumbrated by the advanced information. Numerous factors could account absolute after-effects to alter materially from those in the advanced information, including after limitation: appulse of accepted bread-and-er conditions; assurance on key customers; alternate trends in the annoy and automotive, construction, mining and retail industries; adequate availability of raw abstracts at economical costs; acclimate altitude affecting raw materials, assembly and sales; AirBoss’ adeptness to advance absolute barter or advance new barter in ablaze of added competition; AirBoss’ adeptness to auspiciously accommodate acquisitions of added businesses and/or companies or to apprehend on the advancing allowances thereof, changes in accounting behavior and methods, including uncertainties associated with analytical accounting assumptions and estimates; changes in the amount of the Canadian dollar about to the US dollar; changes in tax laws and abeyant litigation; adeptness to access costs on adequate terms; ecology accident and non-compliance with ecology laws and regulations; abeyant artefact accountability and assurance claims and accessories malfunction. This account is not all-embracing of the factors that may affect any of AirBoss’ advanced information.
All of the advanced advice in this columnist absolution is especially able by these cautionary statements. Investors are cautioned not to put disproportionate assurance on advanced information. All consecutive accounting and articulate advanced advice attributable to AirBoss or bodies acting on its account are especially able in their absoluteness by this notice. Advanced advice independent herein is fabricated as of the date of this columnist absolution and, whether as a aftereffect of new information, approaching contest or otherwise, AirBoss disclaims any absorbed or obligation to amend about this advanced advice except as appropriate by applicative laws. Risks and uncertainties about AirBoss’ business are added absolutely discussed beneath the branch “Risk Factors” in our best contempo Annual Advice Form and are contrarily appear in our filings with balance authoritative authorities which are accessible on SEDAR at www.sedar.com.
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