Mission Ready Receives CAD $7.95 Million Contract Award
07 Agosto 2019 - 9:00AM
Mission Ready Solutions Inc. (“
Mission
Ready” or the “
Company”) (TSXV: MRS) is
pleased to announce that it has received a contract award (the
“
Award”) – through its wholly-owned subsidiary,
Unifire, Inc. – valued at approximately CAD $7,950,000. Delivery of
the products subject to the Award will begin in 2019 and conclude
during the third quarter of 2020 (the “
Fulfillment
Period”). The aggregate contract amount will be paid to
the Company incrementally during the Fulfillment Period, with the
respective payment relative to each partial shipment becoming due
upon delivery.
Jeffery Schwartz, President & CEO of Mission
Ready, states, “This Award – coupled with the many recent wins
achieved by the Company – is a true testament to the focus and
dedication of the Mission Ready team. We are determined to win more
business and build enduring shareholder value through strategic
positioning and embracing our core objectives which include,
unequivocally, supporting our troops and investing in the people
who will make it happen.”
The figures referenced herein have been converted from US
currency (USD) to Canadian currency (CAD) using an exchange rate of
1.34.
About Mission Ready Solutions
Inc.Mission Ready innovates, manufactures and distributes
leading defense and tactical solutions to prevent injuries and
enhance the performance of military personnel, first-responders and
all those serving on the front lines by equipping them with the
next generation of personal protective technologies.
Mission Ready’s wholly-owned subsidiary,
Unifire, Inc. (“Unifire”), is 1 of 6 companies
globally that is authorized to provide equipment and designated
services under the multibillion-dollar Tailored Logistics Support
(“TLS”) Program developed and supported by the
United States Defense Logistics Agency (“DLA”).
Unifire is a designated Small Business and an industry-leading
manufacturer and distributor of over 1.5 million fire, military,
emergency, and law enforcement products. As an incumbent awardee of
DLA’s Special Operations Equipment (“SOE”)
contract, with extensive knowledge and experience in providing
solutions to the US Federal Government, Unifire utilizes its highly
efficient and scalable technology infrastructure to provide
procurement solutions for program managers, military and federal
contracting offices, base supply centers, and other governmental
supply agencies.
Mission Ready trades on the TSX Venture
Exchange under the symbol MRS.
For further information, visit MRSCorp.com or
contact:
Investor RelationsT:
1.877.479.7778 – Ext 500E: IR@MRSCorp.com
Mission Ready Solutions
Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,President & CEOT:
1.877.479.7778
CAUTIONARY DISCLAIMER STATEMENT:This news
release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "anticipate", "believe",
"plan", "expect", "intend", "estimate", "forecast", "project",
"budget", "schedule", "may", "will", "could", "might", "should" or
variations of such words or similar words or expressions.
Forward-looking information is based on reasonable assumptions that
have been made by Mission Ready Solutions Inc. as at the date of
such information and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Mission Ready
Solutions Inc. to be materially different from those expressed or
implied by such forward-looking information.
Forward-looking statements are based on
assumptions management believes to be reasonable. Although Mission
Ready Solutions Inc. has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. Mission Ready Solutions Inc.
does not undertake to update any forward-looking information that
is included herein, except in accordance with applicable securities
laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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