AirBoss Announces Appointment of New Executive Vice-President and Chief Strategy Officer
05 Fevereiro 2024 - 2:27PM
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or
“AirBoss”) today announced the appointment of Mr. Mikael Fryklund
to the role of Executive Vice President and Chief Strategy Officer.
“Mikael Fryklund has extensive knowledge of the
global rubber business, and we believe he will play a pivotal role
in shaping and executing the overall strategic direction of the
Company,” said Chris Bitsakakis, President and Co-CEO of AirBoss.
“His three decades of experience in related industries, including
25 years in senior managerial and executive roles for rubber and
plastic manufacturers, will be invaluable in developing, executing
and sustaining our strategic initiatives.”
Mr. Fryklund has significant experience in the
global rubber business, having spent many years at Trelleborg in
their NVH (noise, vibration and harshness) division driving
significant growth in non-automotive anti-vibration components. Mr.
Fryklund has also previously served as the President and Chief
Executive Officer of Hexpol Group during a period of strong growth
and financial performance. In addition, Mr. Fryklund has
served as Chief Operating Officer for Inission Group and President
and CEO for Enedo Group. He holds a Master of Science in Mechanical
Engineering degree from Chalmers University of Technology and a
Bachelor of Science degree in Business Administration/Finance from
Stockholm University.
About AirBoss
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’s shares trade on the TSX under the symbol BOS and on the
OTCQX under the symbol ABSSF. Visit www.airboss.com for more
information.
AIRBOSS FORWARD LOOKING INFORMATION DISCLAIMER
Certain statements contained or incorporated by
reference herein, including those that express management’s
expectations or estimates of future developments or AirBoss’ future
performance, constitute “forward-looking information” or
“forward-looking statements” within the meaning of applicable
securities laws, and can generally be identified by words such as
“will”, “may”, “could” “expects”, “believes”, “anticipates”,
“forecasts”, “plans”, “intends”, “should” or similar expressions.
These statements are not historical facts but instead represent
management’s expectations, estimates and projections regarding
future events and performance.
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’ 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’s 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’ ability to maintain
existing customers or develop new customers in light of increased
competition; AirBoss’ ability to successfully integrate
acquisitions of other businesses and/or companies or to realize on
the anticipated benefits thereof; AirBoss’ ability to successfully
develop and execute effective business strategies, including the
implementation of the strategic plan discussed in this news
release; 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; current and future litigation;
ability to obtain financing on acceptable terms and ability to
satisfy the covenants set forth in such financing arrangements;
environmental damage and non-compliance with environmental laws and
regulations; impact of global health situations; potential product
liability and warranty claims and equipment malfunction. There is
increased uncertainty associated with future operating assumptions
and expectations as compared to prior periods. This list is not
exhaustive of the factors that may affect any of AirBoss’
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. 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 Interim Report and, whether as a result of
new information, future events or otherwise, AirBoss disclaims any
intent or obligation to update publicly the forward-looking
information except as required by applicable laws. Risks and
uncertainties about AirBoss’ business are more fully discussed
under the heading “Risk Factors” 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.sedarplus.com.
Investor Contact: investor.relations@airboss.com
Media Contact: media@airboss.com
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