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.”

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TRAC Announces 100th Annual General Meeting’s Outcomes

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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: info@tracanada.ca

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

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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

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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 …

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Executive of the Year: P. Gren Schoch’s leadership a constant at AirBoss

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While a few key leaders have come and gone, since the beginning one always has remained at the very top as a mainstay to guide the ever-expanding business on a steady course: P. Gren Schoch.

Read the source article at Rubber and Plastics News

AirBoss continues to expand anti-vibration parts business

NEWMARKET, Ontario—AirBoss of America’s efforts to remain on a profitable course while making significant investments to expand its plants and upgrade its capabilities are continuing to pay dividends.

Read the source article at Rubber and Plastics News

AirBoss, Critical Solutions Holdings form joint defense group

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NEWMARKET, Ontario—AirBoss of America Corp. is growing again, this time through a merger that will create a new business called AirBoss Defense Group.

The company has entered into an agreement to merge its defense business and other operations in Acton Vale, Quebec, with Critical Solutions International Inc., a privately owned Charleston, S.C.-based global supplier of route clearance vehicles, countermine and survivability products to U.S. and foreign military forces.

Read the source article at Rubber and Plastics News

AirBoss expanding Kitchener plant

KITCHENER — AirBoss of America Corp. is expanding its capabilities at its Kitchener rubber compounding plant.

The company, headquartered in Newmarket, said it is expanding production in its one million-square-foot plant on Glasgow Street by adding a dedicated white and colour mixing line. In a news release, the company said the new line is expected to increase its market penetration in white and coloured specialty rubber compounds thanks to improved quality and lower production costs.

The new line is expected to be fully operational by March.

Read the source article at Waterloo Region News

AirBoss Announces 1st Quarter 2018 Results and Dividend

NEWMARKET, Ontario, May 09, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) ($US except where otherwise noted) Highlights: Consolidated net sales increased by 15.2% to $80.5 million Net sales in the Engineered Products’ defense business more than doubled EBITDA increased by 7.2% to $7.5 million Quarterly dividend paid of C$0.07 per share Basic and diluted earnings per share of $0.14 per common share compared to $0.12 per common share in Q1 2017 Three months ended March 31 (In thousands of US dollars) 2018 2017 Net Sales 80,549 69,927 Gross …

Read the source article at cnbc.com