VANCOUVER, BRITISH COLUMBIA – June 12, 2019 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that it has received CAD$2.85 million in new orders across the various contracts held through the Company’s operating subsidiaries.
In news releases dated May 6, 2019 and May 8, 2019, the Company announced that Unifire had secured awards worth a combined total of over CAD$10 million since April 1, 2019. The Company is pleased to report that it has received an additional CAD$2.85 million in contract awards, boosting its current Q2 2019 sales to approximately CAD$13.4 million.
“Our sales growth is accelerating and we are beginning to see the benefits of the ongoing integration of our operating subsidiaries and personnel,” states Jeffery Schwartz, President & CEO of Mission Ready. “Our organizational efficiency in sales and operations will continue to improve over the remainder of 2019 as we execute on our plan to build a leading global defense and tactical solutions Company serving the military, law enforcement and first-responder markets. We appreciate the tremendous shareholder support that we continue to receive while we work diligently to secure awards, strengthen the Company and, ultimately, increase shareholder value.”
A portion of the recent contract awards were received through the previously announced bridge contract (the “SOE Bridge”) through the Defense Logistics Agency (“DLA”) which extends the Company’s current Tailored Logistics Services (“TLS”) Special Operations Equipment (“SOE”) contract for an additional year, with the new expiration date being March 6, 2020. The SOE Bridge contract – carrying a maximum dollar value of USD$4 billion – was awarded to the six incumbent TLS SOE contract holders, including Unifire, and continues coverage of the full line of SOE and incidental services under the DLA Troop Support SOE TLS program. Additional information on the SOE Bridge Contract can be viewed at the following link:
The Canadian dollar amounts referenced herein are calculated using a USD–CAD conversion rate of 1.33.
About Unifire, Inc.
Founded in 1987, Unifire is a specialized solutions provider to the US Defense Logistics Agency, and one of six companies, globally, that is authorized to provide equipment and designated services under the multi billion-dollar Tailored Logistics Support framework. 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 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.
About Mission Ready Solutions Inc.
Headquartered in Vancouver, British Columbia, Canada, Mission Ready innovates and manufactures leading tech-centric defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first-responders and all those who protect us by equipping them with the next generation of personal protective technologies.
Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments; Innovations & Development, Prototyping & Manufacturing, and Product Sales.
Mission Ready trades on the TSX Venture Exchange under the symbol MRS.
For further information, visit MRSCorp.com or contact:
T: 1.877.479.7778 – Ext 500
Mission Ready Solutions Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,
President & CEO
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.