AirBoss Announces U.S. Federal Government Contract Valued at Up to US$576 Million

NEWMARKET, Ontario, March 16, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that its wholly-owned subsidiary AirBoss Defense Group (“ADG”), a global leader in survivability for the assured mobility and chemical, biological, radiological, nuclear, and explosive (“CBRNE”) communities, has been awarded a contract worth up to US$576 million by the U.S. Department for Health and Human Services (“HHS”) – Office of the Assistant Secretary for Preparedness and Response (“ASPR”) for the sale of nitrile patient examination gloves. 

Read the source article at Send Press Releases with GlobeNewswire

AirBoss Announces Positive Outlook for 2021 Fueled by Strong Organic Sales

NEWMARKET, Ontario, March 16, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced updated outlook for 2021. ($US except where otherwise noted)

“For the full year 2021, we are projecting another record year with organic sales and Adjusted EPS growing at approximately 25% or higher,” said Chris Bitsakakis, President and COO of AirBoss. “Our updated outlook reflects the initial $288 million portion of our contract to supply HHS with nitrile rubber gloves, announced earlier today. There remains potential upside for us to significantly raise our current outlook for 2021 if HHS exercises its option to order an additional $288 million of gloves, or if we are successful in obtaining other significant contracts from the $175M in additional opportunities which we are also pursuing.

“In parallel, as we continue to execute on organic growth and capture market share, we are also assessing both tuck in and transformational acquisitions to leverage our strong balance sheet and accelerate our growth strategy.”

Read the source article at Send Press Releases with GlobeNewswire

AirBoss Announces Acquisition of 100% Ownership of Airboss Defense Group

NEWMARKET, Ontario, Oct. 26, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that it has acquired the 45% minority interest in AirBoss Defense Group (“ADG”) that it does not currently own from Critical Solutions Holdings, LLC (“CSH”) (the “Transaction”). All figures USD unless otherwise noted.

Read the source article at Send Press Releases with GlobeNewswire

AirBoss Announces US$22.0 Million in Awards Across ADG’s Survivability Portfolio

curata__L90f6qEQjGIoAyH.jpeg

NEWMARKET, Ontario, Oct. 05, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group (“ADG”) has recently been awarded an additional US$22.0 million in contracts across its survivability portfolio for multiple parties in North America and internationally.

Read the source article at Send Press Releases with GlobeNewswire

AirBoss to Present at Canaccord Genuity’s 40th Annual Growth Conference

curata__L90f6qEQjGIoAyH.jpeg

Please connect approximately 5 to 10 minutes prior to the beginning of the webcast to register. Chris Bitsakakis, President or Gren Schoch, CEO at 905-751-1188. AirBoss of America Corp. is a group of complementary businesses supplying custom compounded rubber, survivability solutions and anti-vibration components to a diverse group of customers globally. AirBoss Rubber Solutions is a top-tier North American custom rubber compounder with 450 million turn pounds of annual capacity.

Read the source article at Send Press Releases with GlobeNewswire

AirBoss Announces Over US$123 Million of Contracts for PPE

NEWMARKET, Ontario, July 27, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group (“ADG”) has been awarded a contract by the U.S. Department for Health and Human Services (“HHS”) – Office of the Assistant Secretary for Preparedness and Response (“ASPR”) for the manufacture and sale of 50,000 FlexAir™ Powered Air Purifying Respirator (“PAPR”) systems, 3,000,000 high efficiency filters and related accessories, including spare protective hoods, for delivery to the Strategic National Stockpile (“SNS”).  The contract is expected to be worth an aggregate amount of US$121 million.

“As the COVID-19 pandemic continues to evolve, federal organizations are increasingly examining ways to both manage their ongoing response, and also address their future emergency preparedness,” said Chris Bitsakakis, President and Chief Operating Officer of AirBoss. “Based on our work on the recently awarded FEMA contract, ADG is cementing its reputation for being able to deliver large volumes of product on short timelines. This latest win further validates our decision to form ADG, creating a larger and more sophisticated survivability solutions platform that can access and secure a broader range of contracts than AirBoss could previously on its own.”

Read the source article at Send Press Releases with GlobeNewswire

TRAC Announces 100th Annual General Meeting’s Outcomes

curata__FtCadvu5GuOi6NG.jpeg

Cambridge, Ontario; June 11, 2020—Tire and Rubber Association of Canada announces the outcomes of its virtual 100th Annual General Meeting held on June 9, 2020.

 

AGM Outcomes:

1)     The members duly elected the Board of Directors and Officers:

 

Tony Mougios       Chair (Michelin North America (Canada) Inc.)

Maureen Kline       1st Vice-Chair (Pirelli Tire Inc.)

Paul Downey         2nd Vice-Chair (Pliteq Inc.)

Matt Livigni           Treasurer (Continental Tire Canada Inc.)

       

Neil Bansal             Western Rubber Group

Chris Bitsakakis     AirBoss of America Corp.

Paul Christou        Goodyear Canada Inc.

Keshav Das            BKT Tires (Canada) Inc.

Darious Naylor     Bridgestone Canada Inc.

Robert Rist             Cabot Canada Ltd.

 

2)     The Board moved to establish a new End-of-Life Tire Standing Committee. Led by Dr. Barry Takallou of CRM of Canada Processing, the Committee will manage all issues related to tire and rubber recycling.

 

3)     Following Glenn Maidment’s announced retirement at the end of 2020, the Board moved to set up a Search Committee which will manage the screening and interviewing of potential candidates for a new President.

 

About TRAC:

The Tire and Rubber Association of Canada (TRAC; www.tracanada.ca) is the national trade association representing the interests of tire and other rubber manufacturers and importers of rubber goods into Canada, together with rubber recyclers and suppliers whose goods or services directly relate to our industry. The Association was established in 1920 under the name The Rubber Association of Canada, only recently changing its name to the Tire and Rubber Association of Canada to more accurately reflect the Association’s role within the industry and what it does for its membership.

Contact: [email protected]

AirBoss Announces Appointment of New Chief Financial Officer

NEWMARKET, Ontario, June 02, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that it has appointed Mr. Frank Ientile to the role of Chief Financial Officer.

“Frank brings broad experience in the diversified industrials space, in addition to specific expertise in the automotive and heavy transportation sectors, to his new role with AirBoss,” said Mr. Gren Schoch, Chairman and CEO of AirBoss of America Corp. “His three decades of financial management experience will be invaluable as we continue to work to grow each of our operating businesses and drive margins through a combination of strategies including new product introductions and continuous improvement initiatives.”

Read the source article at benzinga.com

AirBoss of America Donates ISO-PODS to Toronto Paramedic Services in Battle with COVID-19

curata__L90f6qEQjGIoAyH.jpeg

NEWMARKET, Ontario, May 20, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) today announced that AirBoss Defense Group (“ADG”) is donating highly specialized life-saving personal protective equipment to Toronto Paramedic Services. Five negative-pressure individual patient isolation and transportation systems, known as ISO-PODs, will be added to the Service’s resources. …

“Getting our equipment into the hands of first-responders and medical professionals will save lives – the lives of patients and the people administering care,” said Chris Bitsakakis, President and COO of AirBoss of America.  “We’re in this fight together. It’s certainly a point of pride to know our ISO-PODs will be available to help protect paramedics and patients in Toronto.”

 

Read the source article at Send Press Releases with GlobeNewswire

AirBoss Announces 1st Quarter 2020 Results and Dividend

curata__L90f6qEQjGIoAyH.jpeg

Dividend The Board of Directors of AirBoss of America Corp. (the “Company”) has approved a quarterly dividend of C$0.07 per common share, to be paid on July 15, 2020 to shareholders of record at June 30, 2020. Consolidated Results Consolidated net sales in the first quarter of 2020 increased by 14.1% to $94,197 compared with the first quarter of 2019, due largely to the completion of the merger between the AirBoss defense business and Critical Solutions, Inc. (“CSI”) on January 1, 2020 (the “ADG transaction” or “AirBoss Defense Group transaction”). This increase was partially offset by …

Read the source article at Send Press Releases with GlobeNewswire