Mr. Chris Bitsakakis reports

AIRBOSS AWARDED FIVE-YEAR BANDOLIER FRAMEWORK AGREEMENT AND NEW ORDERS VALUED AT UP TO US$16.9 MILLION

Airboss of America Corp.'s Airboss Defense Group (ADG) has been awarded a five-year framework contract for its Bandolier lightweight, multipurpose energetic system by a North Atlantic Treaty Organization (NATO) partner nation, with an option to renew for an additional five years. Accompanying the framework contract is an initial delivery order worth up to $12.5-million (U.S.). Subject to satisfaction of customary conditions, deliveries are expected to occur during the fourth quarter of 2026 and first half of 2027.

ADG has also recently received orders for Airboss Molded Gloves (AMG) and Molded Airboss Lightweight Overboots (MALO) from several NATO partner nations, worth up to $4.4-million (U.S.), with deliveries expected to occur during 2026 and 2027.

The Bandolier is a lightweight and modular energetic system that can be employed across mobility, counter mobility and survivability mission profiles. The Bandolier is designed to bridge the identified capability gap between large, complex, single-role explosive charges and standard bulk demolitions, and its lightweight, modular design allows for flexible use across a variety of mission requirements. The system reduces dependence on cumbersome single-role explosives and time-consuming user-constructed charges, maximizing explosive efficiency and operational versatility.

"The Bandolier continues to demonstrate strong demand from NATO and allied customers as modern battlefield requirements evolve," said Chris Bitsakakis, president and co-chief executive officer of Airboss. "Its highly versatile, modular design enables operators to address a wide range of battlefield challenges while supporting deployment through both traditional and emerging autonomous delivery systems. We believe this multiyear framework contract further validates the Bandolier's differentiated capabilities, while the other recent awards more broadly reflect continued demand for ADG's portfolio of survivability solutions among NATO partners."

This new Bandolier award builds upon other recent contracts received by ADG for this product, reinforcing Airboss's position as a leading provider of advanced battlefield survivability solutions.

About Airboss of America Corp.

Airboss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber and polymer compounds, and finished products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. Airboss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. Airboss Manufactured Products is a supplier of anti-vibration and rubber-moulded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defence, health care, medical, and first responder communities, through its Airboss Defense operations. The company's shares trade on the Toronto Stock Exchange under the symbol BOS and on the OTCQX under the symbol ABSSF.

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