Mission Ready Announces $58.5 Million in New Purchase Orders
25 Septiembre 2020 - 11:15AM
Mission Ready Solutions Inc. (“
Mission Ready” or
the “
Company”) (
TSXV: MRS) is
pleased to announce that, further to its September 18, 2020 news
release announcing new contract awards valued at an estimated $127
million, with a ceiling of $435 million (the
“
C&T Contracts”), and its
September 24, 2020 news release announcing new purchase orders
totalling approximately $37.5 million, the Company has received
approximately $58.5 million in additional purchase orders. Since
being awarded the C&T Contracts on September 14, 2020, the
Company has received purchase orders totalling approximately $96
million.
All purchase orders received to date across the
C&T Contracts call for delivery of the products between October
2020 and February 2021. In accordance with the terms of the C&T
Contracts, the Defense Logistics Agency will remit payment to
Unifire within 30 days of delivery of the products pursuant to each
purchase order.
The related announcements referenced herein can
be viewed at www.MRSCorp.com or via the direct links below:
September 24, 2020 – Mission
Ready Announces $37.5 Million in New Purchase
OrdersSeptember 18, 2020 – Mission Ready Awarded
New Contracts for an Estimated $127 Million with a Ceiling of $435
Million
Monetary values referenced herein have been
converted from US currency (USD) to Canadian currency (CAD) using
an exchange rate of 1.32 and rounded down to the nearest 0.5
million.
About Mission Ready Solutions Inc.
Mission Ready specializes in providing
comprehensive government contracting solutions through its
privileged access to a host of government contracting vehicles
including its Special Operational Equipment
(“SOE”) Tailored Logistics Support
(“TLS”) contract administered by the United States
Defense Logistics Agency (“DLA”), and Multiple
Award Schedule contracts administered by the United States General
Services Administration (“GSA”).
Mission Ready’s wholly-owned subsidiary,
Unifire, Inc. (“Unifire”), is one of six
companies, globally, authorized to provide equipment and designated
services under DLA’s SOE TLS program. Unifire is a designated Small
Business and an industry-leading manufacturer and distributor of
over 1.5 million fire, military, emergency, and law enforcement
products. As an incumbent awardee of the SOE TLS contract, with
extensive knowledge and experience in providing solutions to the US
Federal Government, Unifire utilizes its highly-efficient, scalable
technology infrastructure to provide procurement solutions for
program managers, military and federal contracting offices, base
supply centers, and other governmental supply agencies.
Mission Ready trades on the TSX Venture Exchange
under the symbol MRS.
For further information, visit MRSCorp.com or
contact:
Investor Relations
T: 1.877.479.7778 – Ext 5E: IR@MRSCorp.com
Mission Ready Solutions
Inc.
(Signed “James A. Marks”)
James A. MarksChief Executive OfficerPh: +1
877.479.7778
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking InformationThis
news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "anticipate", "believe",
"plan", "expect", "intend", "estimate", "forecast", "project",
"budget", "schedule", "may", "will", "could", "might", "should" or
variations of such words or similar words or expressions.
Forward-looking information is based on reasonable assumptions that
have been made by Mission Ready Solutions Inc. as at the date of
such information and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Mission Ready
Solutions Inc. to be materially different from those expressed or
implied by such forward-looking information. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. Mission Ready
Solutions Inc. does not undertake to update any forward-looking
information that is included herein, except in accordance with
applicable securities laws.
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