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or Name
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Airboss Of America Corp (2)
Symbol BOS
Shares Issued 23,430,862
Close 2018-10-22 C$ 12.44
Market Cap C$ 291,479,923
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Airboss wins bunny boot contract with U.S. DOD

2018-10-23 09:19 ET - News Release

Ms. Lisa Swartzman reports

AIRBOSS ANNOUNCES DEFENSE CONTRACT FOR EXTREME COLD VAPOR BARRIER BOOTS FOR US DEPARTMENT OF DEFENSE

AirBoss Defense, the defence product line of Airboss Of America Corp.'s engineered products segment, has been awarded an IDIQ (indefinite delivery/indefinite quantity) contract from the U.S. Department of Defense (DOD) for the manufacture of up to 198,240 pairs of extreme cold vapour barrier boots (ECVBB), commonly known as bunny boots. The contract consists of an initial base year and one option year and is expected to be worth up to an aggregate amount of $51.5-million (U.S.), assuming 198,240 pairs of ECVBBs are sold. Deliveries under the contract are expected to start in the fourth quarter of 2018.

The ECVBB was developed during the Korean War to combat extreme cold weather exposure and has been the DOD's standard extreme cold weather boot since 1978. The ECVBB is designed to the highest quality and protection specifications -- waterproof and mildew-resistant with encapsulated thermal insulation and extreme thermal ratings of minus 54 C/minus 65 F. Manufactured in 13 different sizes with three different widths (36 size options in total), the ECVBB was developed to be a versatile boot that provides optionality and functionality, including a proprietary air valve design that relieves pressure when airborne.

AirBoss Defense is a world leader in the design, development and manufacture of chemical, biological, radiological and nuclear (CBRN) personal protective equipment as well as protection against communicable diseases and respiratory threats for the individual, first responder, medical, military, law enforcement, fire and industrial communities. For more than 40 years, AirBoss Defense has supplied military and first-response forces worldwide with hand wear, footwear and respiratory protection from CBRN agents and extreme cold weather.

Airboss Of America is a group of complementary businesses using compounding technology and engineering expertise to create value for its customers. With a capacity to process approximately 400 million turn pounds of rubber annually, AirBoss Rubber Solutions is one of North America's largest custom rubber compounding companies and a leading supplier of essential calendered and extruded products for a broad range of applications. AirBoss Engineered Products is a world leader in the supply of life-saving products for the military and a leading supplier of innovative anti-vibration solutions to the North American automotive market.

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