VANCOUVER, B.C. – Mission Ready Services Inc. (TSX-V: MRS) – Mission Ready Services Inc. (“Mission Ready” or the “Company”) is pleased to announce that the United States Government Accountability Office has sustained a protest filed by the Company’s subsidiary Protect The Force Inc. contesting the contract awards under Solicitation W91CRB-15-R-0027 for the Ballistic Combat Shirt issued by the US Army.
Mission Ready issued a News Release on July 31, 2015 stating that it was not successful in an award to supply its Ballistic Combat Shirt to the US Army in response to a U.S. Government solicitation totaling an initial up to $49,000,000. Protect the Force, a wholly-owned subsidiary of the Company, subsequently challenged the decision by filing a protest through the US Government Accountability Office and has received notice that its protest was sustained.
This protest is covered by a protective order, which means that some information in the decision may require redaction before public release. A final redacted version of the decision will be reported on when this process is complete as the Company will only be provided with the redacted report that is released publicly.
On June 22, 2015 the US Army Contracting Command – Aberdeen Proving Ground conducted a competitive solicitation for a Torso Extremity Protection – Ballistic Combat Shirt in which the Company, through its wholly owned subsidiary Protect The Force Inc., submitted a bid which was accepted for meeting all technical requirements, however, the Company did not have the lowest priced bid and the Army issued the following notice on July 30, 2015: Point Blank Enterprises, Pompano Beach, Florida (W91CRB-15-D-0024); Short Bark Industries,* Vonore, Tennessee (W91CRB-15-D-0025); and Carter Enterprises,* Brooklyn, New York (W91CRB-15-D-0026), were awarded a shared $49,000,000 firm-fixed-price multiyear contract for the Soldier Protection System torso and extremity protection ballistic combat shirt with an estimated completion date of Jan. 29, 2019. Bids were solicited via the Internet with seven received. Funding and work location will be determined with each order. Army Contracting Command, Aberdeen, Maryland, is the contracting activity. Protect The Force Inc. protested this award on a number of grounds and that it had been competitively prejudiced which the Government Accountability Office has sustained.
The Company has no assurances that it will receive an award or any financial benefit from the Army as a result of the sustained protest and the Company awaits release of the full report and any potential action by the U.S. Army in regards to the U.S. Government Accountability Office report.
About Mission Ready
MRSI’s mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.
Headquartered in Vancouver, BC, MRSI has three distinct, synergistic operating divisions:
- Strategic consulting services and manufacturers representation
- Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
- Product research and development
MRSI’s management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.
For further information, visit the Company’s website at MissionReady.ca or contact:
Terry Nixon – Director, Corporate Communications
Mission Ready Services Inc.
(signed “Rod Reum”)
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 Services 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 Services 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 Services 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 Services 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.