(image: AirBoss Defense Group)
LANDOVER, Md., April 1 (Korea Bizwire) — AirBoss Defense Group (ADG) announced today that the U.S. Government has placed an initial order for 100,000 American-made FlexAir™ Powered Air Purifying Respirators (PAPR) and 600,000 High Efficiency Filters for urgent response to the COVID-19 pandemic. The FlexAir™ PAPR is designed to enable medical providers and first responders unencumbered protection over extended periods of time while providing critical medical care. The value of the contract is expected to be $96.4M and deliveries will begin immediately and are expected to be completed over the next 13 weeks.
The FlexAir™ PAPR System is a compact, lightweight respirator system powered by an onboard battery in a waist-mounted blower, designed and manufactured in the United States. The flexible design permits the use of 2 High Efficiency particulate filters, providing a high level of protection against biological viruses like COVID-19.
“This is war, and President Trump is using the full force of the federal government and the full power of private enterprises like ADG to rapidly mobilize our industrial base to fight the hidden enemy of COVID-19,” said Dr. Peter Navarro, White House Director of the Office of Trade and Manufacturing Policy. “ADG has stepped up with lightning speed, and their willingness to help meet the urgent need for powered respirators will save American lives. This crisis has shown that maintaining and supporting a strong U.S. manufacturing base is of critical importance to our nation’s economic security and national defense.”
Patrick Callahan, CEO of AirBoss Defense Group said, “ADG is honored to apply our engineering and manufacturing capabilities towards protecting the lives of front-line medical professionals and first responders. FlexAir™ PAPR systems are designed to provide caregivers ultimate protection against biological threats, including COVID-19, enhancing the life-saving capabilities of our dedicated health care workers. The entire company is completely focused on delivering these products on an accelerated timeline, to Federal, state and local authorities as well directly to frontline health care professionals. As our products are manufactured in the United States, we are prepared to quickly provide lifesaving products as the need for protective equipment evolves.”
ADG is an umbrella survivability group that provides military, law enforcement, medical providers, industrial providers and first responders with a diverse portfolio of protective equipment that spans the entire survivability spectrum. AirBoss Defense, an ADG brand, is a recognized world leader in rapid deployment negative pressure isolation shelters, medical protection equipment, and personal respiratory protective products. AirBoss Defense’s emergency response and protective equipment is utilized by the U.S. Department of State, Office of Strategic Medical Preparedness, FEMA and CDC infectious disease treatment centers.
In addition, AirBoss Defense provides protective equipment to emergency medical response teams and hospitals in over 1,500 U.S. cities, as well as over 30 countries worldwide. The company successfully responded during the MERS and Ebola outbreaks, by providing critical protective equipment to government and civilian medical customers. The company will continue to engage in the response to the COVID-19 outbreak through the rapid delivery of domestically manufactured personal protection equipment and patient isolation systems to the medical community.
For more information, please visit www.adg.com.
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 ADG’s 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” “is expected to”, “believes”, “anticipates”, “forecasts”, “plans”, “intends” 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. ADG cautions that such forward-looking information involves known and unknown contingencies, uncertainties and other risks that may cause ADG’s 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; dependence on key customers; sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; ADG’s ability to maintain existing customers or develop new customers in light of increased competition; ADG’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof, changes in accounting policies and methods, including uncertainties associated with critical accounting assumptions and estimates; changes in tax laws and potential litigation; ability to obtain financing on acceptable terms; environmental damage and non-compliance with environmental laws and regulations; potential product liability and warranty claims and equipment malfunction. This list is not exhaustive of the factors that may affect any of ADG’s 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 ADG 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 press release and, whether as a result of new information, future events or otherwise, ADG disclaims any intent or obligation to update publicly this forward-looking information except as required by applicable laws. Risks and uncertainties about ADG’ business are more fully discussed under the heading “Risk Factors” in AirBoss of America Corp.’s (“AirBoss”) recent Annual Information Form and are otherwise disclosed in AirBoss’ filings with securities regulatory authorities which are available on SEDAR at www.sedar.com.
AirBoss Defense Group
3341 75th Avenue, Suite GG
Landover, Maryland
Contact: David Costello
Tel: 617.875.2492
Email: david@risingtidemhd.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c77ab8f1-fb3f-4fba-b8a0-0af5c8207413
Source: AirBoss Defense Group via GLOBE NEWSWIRE
