VANCOUVER, British Columbia, June 12, 2019 (GLOBE NEWSWIRE) — Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce that it has received CAD$2.85 million in new orders across the various contracts held through the Company’s operating subsidiaries.
In news releases dated May 6, 2019 and May 8, 2019, the Company announced that Unifire had secured awards worth a combined total of over CAD$10 million since April 1, 2019. The Company is pleased to report that it has received an additional CAD$2.85 million in contract awards, boosting its current Q2 2019 sales to approximately CAD$13.4 million.
“Our sales growth is accelerating and we are beginning to see the benefits of the ongoing integration of our operating subsidiaries and personnel,” states Jeffery Schwartz, President & CEO of Mission Ready. “Our organizational efficiency in sales and operations will continue to improve over the remainder of 2019 as we execute on our plan to build a leading global defense and tactical solutions Company serving the military, law enforcement and first-responder markets. We appreciate the tremendous shareholder support that we continue to receive while we work diligently to secure awards, strengthen the Company and, ultimately, increase shareholder value.”
A portion of the recent contract awards were received through the previously announced bridge contract (the “SOE Bridge”) through the Defense Logistics Agency (“DLA”) which extends the Company’s current Tailored Logistics Services (“TLS”) Special Operations Equipment (“SOE”) contract for an additional year, with the new expiration date being March 6, 2020. The SOE Bridge contract – carrying a maximum dollar value of USD$4 billion – was awarded to the six incumbent TLS SOE contract holders, including Unifire, and continues coverage of the full line of SOE and incidental services under the DLA Troop Support SOE TLS program. Additional information on the SOE Bridge Contract can be viewed at the following link:
https://dod.defense.gov/News/Contracts/Contract-View/Article/1779133/
The Canadian dollar amounts referenced herein are calculated using a USD–CAD conversion rate of 1.33.